Property Tax Relief Act of 2021 to Move On to Budget Process
Contact Name: Marina Altschiller
Phone: (603) 271-3207
CONCORD – Today, the Senate voted to table Senator Lou D’Allesandro’s (D-Manchester) Property Tax Relief Act of 2021 so that the allocation may be discussed as a part of the budget process. SB 118 appropriates $40 million to the state treasurer for the purpose of providing municipal aid grants to New Hampshire’s cities and towns, at least 60% of which must be used for local property tax reductions.
After the vote, prime sponsor Senator Lou D’Allesandro issued the following statement:
“Every day, I and my colleagues hear from Granite Staters across the state about how the high cost of property taxes is an unsustainable burden. The Property Tax Relief Act of 2021 provides the direct relief taxpayers so desperately need, particularly following a year of financial instability. I thank my colleagues for their support and look forward to bringing this plan forward as a part of the budget process.”