March 1 is the Deadline to Challenge New Hampshire Property Taxes
March 1, 2019 is the deadline to challenge your 2018 real estate taxes.
Please keep in mind the deadline to challenge your 2018 real estate taxes is March 1, 2019. Your request for a refund must be postmarked by this date in order for the municipality to grant you a refund. For more information on the application process, please visit our New Hampshire Real Estate Tax Primer Blog. If you are interested in filing for a refund of taxes you paid on your New Hampshire home and learning about a product that will level the playing field for New Hampshire homeowners, please visit RETaxRefund.com.
Should you pay your taxes while challenging your assessed value?
New Hampshire does not require a taxpayer to pay his or her taxes to request an abatement; however, paying taxes usually is a good idea because the municipality will assess 12% interest on unpaid taxes while only being obligated to pay 6% on abated taxes. Given today’s interest rate environment, “overpaying” taxes is not a bad deal, assuming an abatement eventually is obtained. This is the last year that municipalities will be able to charge such high rates. Effective the tax year beginning April 1, 2019, the amount of interest taxpayers must pay on real estate tax not paid within thirty days after bills are made drops to 8% from the current rate of 12%.
By: John F. Hayes, LLM, General Counsel to Allobar Strategies.
For more information on property tax abatement appeals in New Hampshire, please visit Allobar Strategies.