TOWN OF AMHERST
2 Main Street
Amherst, NH 03031
Tel. (603) 673-6041 Fax (603) 673-4138
September 1, 2021
AMHERST REVALUATION UPDATE
The Town of Amherst's town-wide revaluation of property is now in the preliminary notification and hearing phase. Vision Government Solutions mailed the notices of preliminary valuation via USPS to Amherst property owners on August 16, 2021. If you have not received a notice in the mail, please contact the Amherst Assessing Office at 603- 673-6041 Ext. 202. Valuation information is also available on the Town of Amherst website at www.amherstnh.gov/assessing.
The 2020 tax rate of $28.48 should NOT be applied to the new valuation as the result will be inaccurate. The new tax rate for December 2021 will be finalized at the end of October and it will be lower than the 2020 tax rate because of the increase in the overall Town property values due to this revaluation. Preliminary values indicate Amherst's valuation as a whole, increased approximately 33%. It is important to note assessed valuations prior to this revaluation were based on a 2016 market value when the last revaluation was performed resulting in a five year market adjustment in property valuations.
2021 valuations are scheduled to be finalized the end of September. Once the tax rate is issued by the NH Department of Revenue, the tax bill due in December 2021 will be issued with the final 2021 valuations and the final 2021 tax rate included. The statutory period for filing an abatement with the Town starts on the date the final tax bill is mailed
(generally early November) and ends on March 1, 2022.
New Hampshire Senate
Senate Bill Signed Into Law Helps Small Businesses Keep More of Their Earnings with BPT Change
CONCORD, NH – SB 101 has been signed into law – it increases the minimum income required to file a Business Profits Tax (BPT) return which will allow New Hampshire small businesses to keep more of the money they earn. One of the bill’s sponsors, Majority Leader Jeb Bradley (R-Wolfeboro), issued the following statement today:
“This is a clear boost for New Hampshire small businesses, especially at a time when so many are still struggling due to the pandemic. Going forward, the threshold for paying the BPT will be $92,000 in gross income, instead of the current $50,000. This change will also remove the administrative expense associated with filing the BPT for a small amount. We want our small Main Street business owners to keep more of their hard-earned money because they are the heart and soul of our communities and the backbone of our economy.”
“SB101 makes so much sense, especially when it is paired with a reduction in the overall BPT rate that Republicans championed in the new state budget. Over the next two years, the rate will fall from 7.7% to 7.5%. Time after time it’s been shown that cutting taxes helps spur economic growth by creating jobs and attracting employers to the state.”