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What does Current Use mean in New Hampshire real estate?

Current use is the means for encouraging the preservation of open space and conserving the land, water, forest, agricultural, and wildlife resources.

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.

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 is the current use change tax 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.

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