Community Revitalization Tax Relief Incentive (RSA 79-E)

The Community Revitalization Tax Relief Incentive, (RSA 79-E) encourages the redevelopment of properties within Pinardville and the Village, providing significant tax relief on improvements made to existing buildings or selected properties in these areas.

The way it works is simple.79-E_Pinardville

If a redevelopment project will result in a substantial rehabilitation (at least $75,000 or 15% of the total existing assessed value), any new taxable value directly generated by the renovation could be free from the levying of property taxes for the following periods:

  • Up to 5 years for substantial rehabilitation.
  • Up to 2 additional years for new residential units.
  • Up to 4 additional years for affordable residential units.
  • Up to 4 additional years for a property listed or eligible to be listed on the National Register of Historic Places.

79-E_VillageThe savings can be considerable and the application is simple. In most cases, you must provide an itemized cost of construction and basic property information and submit a nominal application fee. The Select Board will ultimately decide as to the award at a public hearing.

If you would like to find out what projects qualify for this relief and more about the application process please contact Jo Ann Duffy at Phone number: 497-8990 Ext. 118 or Email JoAnn Duffy.