The RSA 79-E Process

If you are planning a qualifying project, you may apply for 79-E tax relief.

Step 1: Submit Your Application

Complete the 79-E application.

Step 2: Staff Review

City staff will review your application to make sure it is complete. We will contact you if more information is required.

Step 3: Public Hearing (Within 60 Days)

Once the application is complete, the City Council will hold a public hearing within 60 days. This gives the public a chance to learn about the project and share input.

Step 4: City Council Vote (Within 45 Days)

After the hearing, the City Council has 45 days to vote on an application. If approved, they will also decide the duration of tax relief.

Step 5: Record a Covenant

If your project is approved, you must sign and record a covenant with the City at the Cheshire County Registry of Deeds.

• This legal document protects the agreed-upon public benefits and ensures the building is used and maintained as promised.
• The covenant can last up to twice as long as the tax relief period.
• You are responsible for any recording fees.

Step 6: Complete the Project

Important – You can begin work only after:

• The City Council has approved your project, and
• You’ve signed and recorded the covenant

Once these steps are complete, construction or rehabilitation may begin.

Step 7: Tax Relief Period

After the project is complete, tax relief shall be calculated on the value in excess of the original assessed value, as per RSA 79-E:13

Per RSA 79-E:13, this tax base is set only after:

1. City Council approval, and
2. The covenant is signed.

After the relief period ends, your property will be taxed at its full market value.

How Long Is the Tax Relief?

The City Council decides the duration based on the public benefits your project provides. They may grant:

• Up to 5 years – For substantial rehab or replacement
• +2 years – If your project adds new residential units
• +4 years – If it includes affordable housing units
• +4 years – If the property is listed (or eligible) on the National Register of Historic Places