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Property Tax Relief (RSA 79-E)
About Property Tax Relief
The City of Concord, under the authority of NH RSA 79-E, encourages the redevelopment of properties within its Downtown and Penacook Village neighborhoods. To achieve this, the City provides an opportunity for significant tax relief on improvements made to existing buildings or selected properties in these areas.

The way it works is simple. 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 five years for a substantial rehabilitation
  • Up to two additional years for new residential units
  • Up to four additional years for affordable residential units
  • Up to four additional years for a property listed or eligible to be listed on the National Register of Historic Places

The savings can be considerable. For example, a recent project converted an abandoned manufacturing / warehouse facility into residential units. The property owner was awarded seven years of tax relief on an estimated $1 million improvement adding up to a savings of over $150,000.  View the City's photo gallery for before and after photos of this project. 

Applying
The application is simple. In most cases, you just provide an itemized cost of construction and basic property information and submit a nominal processing fee. City Council ultimately will make a determination as to the award at a public hearing.

View or download the complete application packet, including the application, guidelines and maps of the Downtown and Penacook Village neighborhoods.

Contact Us
Matt Walsh 
Director of Redevelopment, Downtown Services, & Special Projects 
Email
41 Green St.
Concord, NH 03301

Ph: 603-225-8570
Fx: 603-225-8558

Hours:
Monday - Friday
8 a.m. - 5 p.m.