(Bedford, October 6, 2020) – In New Hampshire, property taxes are the key revenue source for local governments. Tax rates, land use and land value from one end of town to the other often vary in surprising ways.
To better understand the economic and policy implications of these three property tax elements, New Hampshire Housing contracted with Joe Minicozzi of Urban3 to analyze what types of development create the greatest tax return in 15 communities around the state.
In a highly engaging webinar on Thursday, October 15 at 10 AM, Minicozzi will launch his first presentation and provide an overview of his analysis of property tax revenues in Berlin, Claremont, Concord, Dover, Exeter, Hanover, Hudson, Keene, Laconia, Lebanon, Nashua, Pelham, Peterborough, Portsmouth and Rochester. (In 2018, the Orbit Group hired Urban3 to conduct an analysis of Manchester.) Later in October and in November, Minicozzi will present several community-focused webinars.
By using data to create 3D visualizations, Urban 3's analysis reveals the potential for improving the fiscal health of these 15 communities. The visuals show what types of development create the greatest tax return for communities, and create a clear and data-driven understanding of the economics of place. With these 3D depictions of its data, a community has a tool to make public policy adjustments, with the goal of creating long-term financial resiliency.
Register for these free, virtual presentations at www.nhhfa.org/event/minicozzi-event-taxes-land-use-value-in-nh.
About New Hampshire Housing: As a self-supporting public corporation, New Hampshire Housing Finance Authority promotes, finances and supports affordable housing. NHHFA operates rental and homeownership programs designed to assist low- and moderate-income persons with obtaining affordable housing. We have helped more than 48,000 families purchase their own homes and have been instrumental in financing the creation of more than 15,000 multi-family housing units.
NHHFA.org | #NHHFAHousing | Facebook @NewHampshireHousing | Twitter @NHHFA
NEWS RELEASE
Grace Lessner | Public Information Manager
603-310-9371| glessner@nhhfa.org
www.nhhfa.org/taxes-land-use-value-analysis-by-joe-minicozzi-urban3/