NH HB1648

Creates a homestead property tax exemption of up to $300,000 on assessed value for owner-occupied primary residences in New Hampshire

Applies only to the statewide education property tax (RSA 76:8), not local property taxes

Requires property owners to reside in the home for more than 6 months per year and be legal New Hampshire residents to qualify

Property owners must submit applications to their local assessor's office by April 15 each year, with proof of ownership and residency

Excludes rental properties, commercial properties, and properties owned by corporations, partnerships, or non-residents; exemption may be combined with other homestead exemptions

Takes effect January 1, 2027