New Hampshire's Senate Bill 91, introduced on January 22, 2025, aims to streamline the appraisal process for residences situated in industrial or commercial zones. This legislation allows homeowners in these areas to apply for a one-time special appraisal based on the property's current residential use, rather than its potential commercial value.

The bill, sponsored by Senators Murphy and Innis, along with Representatives Osborne and Alexander Jr., seeks to address the unique challenges faced by homeowners in commercial zones, where property values can be skewed by surrounding industrial activity. By permitting a special appraisal, the bill aims to provide financial relief and stability for these residents, who may otherwise face inflated property taxes due to the commercial nature of their surroundings.

Key provisions of SB 91 include a simplified application process, allowing homeowners to submit their request by April 15 each year, with no requirement for reapplication after the initial submission. This change is expected to reduce bureaucratic hurdles and provide a clearer path for homeowners seeking fair assessments.

While the bill has garnered support for its potential to alleviate tax burdens, it has also sparked discussions regarding its implications for local tax revenues. Critics argue that the special appraisal could lead to decreased funding for municipal services, as commercial properties typically contribute more to local tax bases. Proponents counter that the bill will help maintain residential stability in areas at risk of being overshadowed by commercial development.

As the bill progresses through the legislative process, its impact on both homeowners and local governments will be closely monitored. If enacted, SB 91 is set to take effect on April 1, 2026, potentially reshaping the financial landscape for many New Hampshire residents living in commercial zones.