N.H. Rev. Stat. § 74:18

Current through Chapter 381 of the 2024 Legislative Session
Section 74:18 - Inventory of Property Transfers
I. In order to properly equalize the value of property under RSA 21-J:3II, XI, an inventory of property transfers shall be filed with the department of revenue administration and with the municipality where the property is located for each transfer of real estate or interest in real estate. Each form may include the following information:
(a) The buyer's and seller's names and post transaction addresses and the name and address of a contact person if the buyer or seller is a trust or corporation.
(b) A description of the exact location of the property by town, street, and the assessor's map, lot, and block number.
(c) The acreage included in the sale.
(d) An accurate description of the property included in the sale, the neighborhood where the property is located, and the type and style of the property sold.
(e) The buyer's ownership interest in the property.
(f) The sale price, date of transfer, and the amount mortgaged.
(g) The description of the type of transfer that has taken place.
(h) The amount of personal property included in the sale price.
(i) Whether the property was previously occupied and whether the property will serve as the buyer's primary residence.
(j) The financing arrangements made to purchase the property to be answered at the option of the buyer.
(k) Whether any concessions were made in the sale.
(l) Whether the property was in current use.
(m) Whether land use taxes were considered in the sale.
(n) The buyer's dated signature certifying that the information indicated on the form is true.
II. The inventory of property transfers required by this section shall be filed with the department of revenue administration and with the municipality where the property is located by the purchaser, grantee, assignee, or transferee, no later than 30 days from the recording of the deed at the register of deeds or transfer of real estate, whichever is later. Persons required to file the inventory of property transfers who willfully fail to file or willfully make false statements on the forms shall be guilty of a violation.
III. No deed, recording a transfer of real estate or any interest in real estate, executed before October 1, 1995, shall be required to comply with this section.
IV. Failure to comply with this section shall not be construed to cloud title.
V. Any information provided to the department or the municipality pursuant to this section shall be exempt from the right-to-know law, RSA 91-A.
VI. Municipalities receiving inventories pursuant to this section shall forward the buyer's and seller's names and post transaction addresses to the supervisor of the checklist in such municipalities to facilitate periodic maintenance of the voter checklist.

RSA 74:18

Amended by 2021 , 137: 6, eff. 9/21/2021.

1999, 17:13, eff. April 29, 1999. 2021, 137 : 6 , eff. Sept. 21, 2021.