Housing (Property Taxes)

HB 1763 requires New Hampshire's Department of Health and Human Services (DHHS) to pay municipalities compensation equal to the lost property tax revenue from nonprofit residential facilities (like nursing homes or shelters) that are tax-exempt under state law. This compensation is calculated based on each facility's assessed property value and the municipality's tax rate, paid to the municipality before DHHS funds are disbursed to the nonprofit. The bill mandates nonprofits to provide property assessment verification, and DHHS must pay this compensation no later than 30 days prior to funding the facility. The fiscal note estimates annual costs of $11.5 million+ starting in 2027, funded from existing appropriations without new revenue or positions.