relative to the taxation of farm and farm structures.

This bill changes how New Hampshire municipalities tax farm structures and the land beneath them. It requires qualifying farm structures (like barns, greenhouses, and processing sheds) to be assessed at no more than their replacement cost minus depreciation, and the land under them at no more than 10% of market value. Municipalities must adopt these rules by April 1, 2027, and property owners must notify assessors within 60 days of any changes that could disqualify their property from the reduced tax rate. Unpaid taxes accrue interest and may result in property liens, with penalties applying if structures cease to qualify for the tax.