Enfield's Economic Development Toolbox

The Town of Enfield, NH has a box full of tools to assist with business development and growth. Contact our Community Development Office today at 603-442-5427 to discuss how we can help you.  You can also reach us by email at: planning@enfield.nh.us

NH RSA 79-E

RSA 79-E is a property tax relief program that seeks to encourage investment in town centers and to rehabilitate under-utilized buildings within these areas. The application process is made to the governing body by property owners desiring to make improvements that meet 79-E guidelines as well as the public benefit test. In return, the governing body may provide tax relief at a pre-rehabilitation value for a finite period. This incentive was adopted by the Town at Town Meeting. Applications are now being accepted! An RSA 79-E applicant must pass three tests in order to qualify for a tax incentive. The applicant must be a) in an eligible districts, b) the rehabilitation project must be substantial, and c) the rehabilitation project must provide a public benefit.

Text of the RSA at: http://www.gencourt.state.nh.us/rsa/html/v/79-e/79-e-mrg.htm

NH RSA 72:81

The Town has implemented a new economic development program known as the “Commercial and Industrial Construction Exemption” (RSA 72:81). This is a new construction property tax exemption for commercial and industrial uses (as defined in RSA 72:80). The intent of the exemption is to provide incentives to businesses to build, modernize, or enlarge within the Town. The details are as follows: the exemption shall apply only to municipal and local school property taxes assessed by the Town. State education and county taxes are excluded from the exemption. The exemption shall be granted for a maximum of fifty percent (50%) of the increase in assessed value attributable to the improvements, and shall remain in effect for a maximum period of ten (10) years. As adopted by Town Meeting on July 11th, the exemption shall apply to all properties within the municipality for which a proper application is filed. The percentage rate and duration of the exemption shall be granted on a case by case basis related to the amount and value of public benefit provided, as determined by the Enfield Selectboard. In order to satisfy the “public benefit requirement” of this program, a minimum of one of the following must be provided: a) enhance economic growth and increase the Town’s tax base; b) creation of needed services or facilities not currently available in the Town; c) redevelop and revitalize commercial or industrial area; d) prevent or eliminate blight; or, e) retain local jobs, increase local job base, and/or provide diversity in the job base. As approved, this exemption program shall remain in effect for a maximum of five (5) tax years.

Text of the RSA at: http://www.gencourt.state.nh.us/rsa/html/v/72/72-81.htm