Section Rev 402.04 - Limit on Property Tax Credits, Exemptions, and Deferrals(a) The total of property tax credits and exemptions for particular residential real estate or other property shall not reduce the property tax bill(s) to less than zero so as to generate a refund.(b) The total of property tax deferrals on a particular homestead shall not be more than 85% of the homestead's equity value.N.H. Admin. Code § Rev 402.04
#5911, eff 10-14-94; ss and moved by #7410, eff 11-23-00 (from Rev 402.05 ); (See Revision Note at chapter heading for Rev 400) #9309, eff 10-30-08 (from Rev 402.03 )
Amended by Volume XXXVI Number 45, Filed November 10, 2016, Proposed by #12027, Effective 10/28/2016, Expires 10/28/2026.