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Bill would add 0.75% surcharge on non‑primary residences over $500,000; towns to keep proceeds
Summary
Representative Jonah Wheeler introduced HB 1580 to impose a 0.75% surcharge on non‑primary residences valued over $500,000, with revenue earmarked for the municipality; supporters say it targets vacant or investor‑held property, while opponents including short‑term rental owners and realtors warned of harm to small owners and tourism and raised administrative concerns.
CONCORD — Representative Jonah Orion Wheeler told the House Ways and Means Committee he introduced HB 1580 to address rising property taxes by targeting non‑primary residences worth more than $500,000 with a 0.75% surcharge. "Any home in this state that isn't occupied more than 180 days out of the year that's valued at over $500,000 would face a 0.75% surcharge tax," Wheeler said.
Wheeler said money raised under his bill would be returned to the…
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