This bill mandates that cities and towns provide a detailed breakdown of tax changes and additional information on tax bills sent to residents. Specifically, it amends RSA 76:11-a, I by inserting new provisions that require tax bills to display separate rates for municipal, local education, state education, and county taxes, as well as the assessed valuation of properties. Furthermore, the bill stipulates that tax bills must include a notation detailing the tax calculation and the effective year-over-year rate changes for county, local education, state education, town, and precinct taxes.

The bill also includes a provision that the Department of Revenue Administration will compute the necessary rates for each municipality and provide this information accordingly. The act is set to take effect on January 1, 2026, and is projected to have a fiscal impact of less than $10,000 for each fiscal year from 2025 to 2028.

Statutes affected:
Introduced: 76:11-a