Is a donated deed subject to New Hampshire transfer tax?+
New Hampshire charges a real estate transfer tax of $0.75 per $100, charged to both grantor and grantee. Who pays and how it applies to a gift with no consideration is confirmed when we prepare the deed. Where the tax falls on the grantee, it is ours.
I live outside New Hampshire. Do I have to travel there to sign?+
No. We prepare the deed in the form New Hampshire requires for the county where the property sits, you sign before a notary where you live, and we record it with the county registry of deeds.
My land is in current use. Will donating trigger the change tax?+
Ordinarily not, because the classification usually continues in the new owner’s hands. Where a change does occur the tax is based on full market value, which is a significant number and one we work out during the review rather than after. Send the map and lot.
Does New Hampshire give a state tax deduction for a property donation?+
New Hampshire does not levy a broad personal income tax on wages, so there is generally no state income tax deduction to claim. Your federal charitable deduction follows the usual IRS rules.
Our property tax bill is the reason we want out. How quickly can this move?+
Faster than a listing in most towns, because we are not waiting for a buyer to appear at your price. Tell us the town and the map and lot and we will give you a realistic timetable rather than an encouraging one.
We do not provide tax or legal advice. State and local transfer tax rules change; we confirm current requirements when we prepare each deed. Consult your own advisor.