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What does Current Use mean in NH?

PERPETUAL DEDICATION. NHs Current Use Program is a perpetual dedication to maintain open space. As such, land is assessed on its potential to grow agricultural crops, or trees.

What is the meaning of current use?

Current use is a phrase used to describe the present condition of land use and the corresponding scheme for property tax incentives for qualifying land owners (typically rural) who wish to preserve open space and avoid having their property assessed at the best and highest use that could be made of it (i.e., a

What town has the highest property tax in NH?

Which NH towns have the highest property taxes? Claremont ($41.68) Lisbon ($34.28) Northumberland ($33.06) Charlestown ($32.27) Hopkinton ($32.25)

How do I remove land from Current Use in Vermont?

Owners who wish to withdraw all or a portion of land and/or buildings should file Form LV-314, Request For Withdrawal From The Use Value Appraisal Program by mail or online at myVTax. See the guide on how file Form LV-314 using myVTax.

How do you qualify for Current Use in Vermont?

To enroll in the Current Use program, landowners must submit an application to the Current Use Land Program within the Vermont Department of Taxes. Each application must include a map of the parcel. The state approves applications for eligible agricultural land or forest land, as specified in the statute.

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How much is current use penalty in NH?

When land is taken out of current use a one time 10% land use change tax (LUCT) is assessed based on the market value of the land in question at the time the use changes to non-qualifying. This may or may not be the selling price.

How do you get land out of current use NH?

GETTING OUT OF CURRENT USE There is no buy-out provision. Once the land is accepted, it is in forever and the status is passed to subsequent owners. Owner must physically change the use of the land to a non-qualifying use, or through sale or other disposal means, create a parcel less than 10 acres.

What is the Vermont Land Use Program?

In 1978, the Vermont legislature passed a law establishing the Use Value Appraisal of Agricultural, Forest, Conservation and Farm Buildings Property. Today, this program is known as Current Use and is administered by the Division of Property Valuation and Review within the Vermont Department of Taxes.

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