Equalization Ratio, Payment in Lieu of Taxes

Rev 2803.03 governs the equalization ratio for equalization of assessments. Rev 2803.03(e)(8) describes one of the considerations for the use of an alternative ratio. Rev 2803.03(e)(8) is being amended to comply with recent legislative changes. Rev 2803.03(e)(8) cites the statute RSA 72:74 regarding payment in lieu of taxes for renewable generation facility properties.