BERLIN — Having gotten legislation passed that allows the county to create a tax assessment district, Balsams Resort officials are now working with Coos County to get the process underway.
House Bill 540, signed into law last month, allows Coos County to create a tax increment finance district in an unincorporated place like Dixville and issue a bond. The TIF district allows assessments on the new construction to be used to pay off the bond. Once the bond is paid off, the new construction would be taxed the same as existing buildings.
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