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HB 1380 · 2026 · House · Municipal and County Government Committee

Property assessments based on replacement cost

AI-generated

requiring the assessment of real property and land be based on replacement or cost-based value.

Requires that the assessment of real property and land be based on its replacement- or cost-based value.AI-generated

Status

Killed in the House — Inexpedient to Legislate · February 19, 2026
  1. ✓Introduced
  2. ✕House
  3. Senate
  4. Governor
  5. Law

Analysis

This bill requires that the assessment of real property and land be based on its replacement- or cost-based value.

From the bill's official ANALYSIS section.

In the bill's words

Quoted verbatim from the bill as introduced. Passages chosen from the operative text.Computed by this site

“For the tax assessments used to produce the December 2026 final tax bills, each municipality shall assess taxable real property using a blended value consisting of:”
RSA 75:1-b
“No municipality shall increase its total property-tax levy solely due to the change in assessment methodology required by RSA 75:1 or 75:1-b.”
RSA 75:1-c
“Any taxpayer who believes the replacement or cost-based assessment of their property has been improperly calculated may appeal such assessment under the same procedures and deadlines established under RSA 75 and RSA 76.”
RSA 75:1-d
“Beginning in the 2028 tax year, the commissioner of the department of revenue administration shall submit an annual report to the speaker of the house of representatives and the president of the senate, and publicly post the report on the department’s website.”
RSA 75:1-e

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Kelley PotenzaRPrime
  • Rep. Claudine BurnhamRDeputy Majority Whip
  • Rep. Jaci GroteDDemocratic Advisor
  • Rep. Jason OsborneRMajority Leader

Also: Rep. Susan DeRoyR, Rep. Jonah WheelerD

Public testimony

12 signed in online · 2 wrote testimony

58% support42% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“Considering the real estake market has been out of control since covid, I definately support property assesments to be based on the actual replacement values that you might get from your insurance, its more fair that way.”
— Kelly Butler, Gilsumsupports
“Property taxes should be based on an actual assessment, not a market value price. What someone "might' pay for a home, isn't what it's actually worth.”
— Amber Kehoe, Northfieldsupports

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced
  • Feb 3, 2026HouseCommittee report· consent calendar: Inexpedient to Legislate18–0
    Overall
    100% yea
  • Feb 19, 2026HouseVoice voteInexpedient to Legislateadopted

Hearings and debates

  • Jan 30, 2026Public hearingHouse Municipal and County Government37:42–56:3618m 54slocated in the stream transcriptPublic Hearing
  • Feb 19, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamInexpedient to Legislate — adopted, voice vote

Timestamps locate where this bill is taken up in the chamber's YouTube stream.

Legislative history

  1. Jan 7, 2026HouseIntroduced 01/07/2026 and referred to Municipal and County Government HJ 1 P. 18
  2. Jan 30, 2026HousePublic Hearing: 01/30/2026 09:15 am GP 154
  3. Feb 3, 2026HouseExecutive Session: 02/03/2026 11:15 am GP 153
  4. Feb 3, 2026House: Inexpedient to Legislate 02/03/2026 (Vote 18-0; CC) HC 7 P. 17
  5. Feb 19, 2026HouseInexpedient to Legislate: MA VV 02/19/2026 HJ 5 P. 28

Coverage

No reporting linked yet.

Documents (PDF)

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.