In 1958, the Planning and Development Commission made a classi- 

 fied inventory of local properties based on the 1957 tax assessment rec- 

 ords of town officials. The properties of each town were grouped into 

 economic classes as follows: 



Distribution of New Hami)shire 

 Economic Classes Assessed Valuations 



Recreational 11.0% 



Farming 5.3% 



Manufacturing 12.9%) 



Electric plants 10.8% 



Other 59.9% 



Recreational types of property include seasonal homes and home 

 sites, the accommodations industry, boys' and girls' camps, and other 

 commercial recreational property. 



Farming property includes year-round residential farms, and part- 

 time and commercial farms, but not those farms used as seasonal resi- 

 dences. 



Manufacturing property includes manufacturers' land and buildings, 

 mills and machinery, and stock in trade. 



Electric plants include all categories of public utility property. 



Other local property is comprised basically of permanent homes, 

 rental housing and non-recreational local commercial business, and mis- 

 cellaneous properties. 



To obtain a rough estimate of resident property, the "Farming" 

 and "Other" categories were added together. In view of the decline in 

 number of farms and the expansion of seasonal homes and other recrea- 

 tional properties since 1957, it is not assumed that a high degree of 

 accuracy is attained for current comparison, but it is the best estimate 

 available and probably meets the present need reasonably well. 



Since the valuations are based on assessed values rather than equal- 

 ized valuation, the dollar amounts of the inventories have not been used 

 in this investigation, but rather, the percentages which should })rove 

 reasonably similar to the percentage distribution for equalized valuation. 



In general, school districts which are fortunate in being so located 

 as to have a large proportion of their taxable wealth owned by non- 

 residents have a large amount of equalized valuation per pupil and per 

 capita. Obviously, this situation makes it possible to provide a more 

 liberal support for schools while at the same time they enjoy a relatively 

 low tax rate on property. An examination of Tables 18 and 19 brings 

 out this relationship. 



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