Property tax is a tax levied or assessed on the owner of property—often real property (real estate)—that is based on the property’s appraised value. Local governments often impose property taxes to finance their school districts, police departments, fire departments, and municipal projects such as construction and maintenance of streets and roads.
Most local government authorities (often counties) allow citizens to dispute or challenge the appraised value of their property through an administrative process initiated with the tax assessor or appraisal district.
In New Hampshire, property tax is a primary source of revenue for local governments and is levied on real estate based on its assessed value. The assessment is conducted by local municipal assessors, and the rate is determined by the needs of the local government, including funding for schools, public safety, and infrastructure. Property owners in New Hampshire have the right to challenge the assessed value of their property if they believe it is incorrect. This is typically done by filing an abatement application with the local assessor's office. If the abatement is denied, the property owner can appeal to the New Hampshire Board of Tax and Land Appeals or the Superior Court. It is important for property owners to be aware of the deadlines for filing an abatement application, which are usually set by the municipality.