|PSNH is currently trying to slash its utility assessments by 50% or more in 56 NH municipalities, mostly small towns, thereby reducing the property taxes it must pay and forcing residents to pay higher property taxes to make up the shortfall. More appeals are expected for the 2013 tax year. |
Northern Pass claims it would contribute "an estimated $28 million in new local, state, and county tax revenues." Would Northern Pass also appeal its assessments and try to slash the property taxes it pays to NH towns?
Utilities Fight Property Tax Bills Across State
North Country towns swamped with utility property appeals face a long fight that will decide whether big utilities can slash their taxes in half or more and leave residential taxpayers making up the millions lost through higher property taxes.
One of those cases, filed at Grafton Superior Court by the New Hampshire Electric Cooperative (NHEC) against Haverhill and other Grafton towns, had been scheduled for trial in February, but has now been continued to June.
As of Friday, Public Service of New Hampshire (PSNH), represented by the same attorney as NHEC, is suing 24 percent of New Hampshire's municipalities through appeals that have been continued to 2015, when they are expected to be heard at the New Hampshire Board of Tax and Land Appeals.
In their appeals, PSNH and NHEC seek to use the Department of Revenue Administration's 83-F appraisal reports, the state's utility property tax statute that sets the utilities' contribution to the state education tax.
Towns, however, argue the 83-F formula is used for one purpose only, does not represent a true property value and the utilities are misusing it in an attempt to drive their assessments below fair market value.
To date, PSNH has a total of 87 appeals against 56 of New Hampshire's 234 municipalities, most of them small towns, according to the BTLA list.
Those appeals, most for the 2011 and 2012 tax years, include the towns of Bath, Dalton, Gorham, Haverhill, Lancaster, Landaff, Lincoln, Littleton, Plymouth, Randolph, Stark, Stewartstown and Whitefield.
Monday, February 10, 2014
How Much Property Tax Would Northern Pass Actually Pay?
Posted by NH Jean at 6:36 AM