When property classified as open space, is developed the “Land Use Change Tax” is assessed at a rate of 10% of the full and true value. This tax shall be due and payable to the town or city in which the property is located. The Town may place a lien on the property and may subject the owner of the real estate to a statutory collection Proceeding if the levy isn’t paid with in eighteen (18) months. The change of use will occur when construction begins, or when gravel or top soil is removed from the property.

Details of this subject can be reviewed under RSA section 79-A:7 or you can go directly to the state of New Hampshire’s general court statue regarding current use and change of use at: www.gencourt.State.NH.US/rsa/html/v79-A-7