This office lease provision describes the standard of measurement for usable area in office buildings recommended by building owners and managers associations.
New Hampshire Provisions Used for Measuring Additional or Option Space
State:
Multi-State
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US-OL705
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Word;
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FAQ
Effective January 1, 2023, NH State Building Code uses the 2018 International Residential Code (IRC) and the 2018 International Building Code (IBC) as base standards for the State codes for residential and non-residential structures, respectively.
The irony in New Hampshire is that it prides itself in having no income or sales tax, yet it ranks high on property taxes. That means New Hampshire relies most heavily on the property tax to fund local services and public education.
Definition Of Assessed Values Every locality formulates assessed value using different criteria. They often include acreage, interior features, and exterior features such as garages. Municipalities can re-assess real estate values and/or adjust the property tax rate annually.
NH's Current Use Program is a perpetual dedication to maintain open space. As such, land is assessed on its' potential to grow agricultural crops, or trees.
In general, assessors do not visit properties. They use mass appraisal techniques to determine property values based on market and property data. That appraisal process is inherently imperfect, and the state of New Hampshire recognizes that different areas have slightly different appraisal procedures.
