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The view tax is a term for the fact that the appraisal of a piece of real estate in preparation for assessing property tax includes aspects of a property that are subjective, such as its view. It was also the informal name for a 2005 bill in the legislature of the U.S. state of New Hampshire.
Some municipalities have used an explicit "view tax" since 2003, itemizing the view from a property as a separate line item with a dollar amount. But the New Hampshire Assessing Standards Board has held that the view is merely one factor in determining the fair market value of a property; as a property with a nicer view will command a higher market price, an assessor should consider the view, like any other desirable amenity. This implies that a "view tax" would be at least an implicit component of all property taxes in New Hampshire.
The desirability of a view is subjective compared to other aspects of a property's value. The remedy for this is to ensure that the value is in line with recent sales of comparable properties.
Scenic views are one factor that attracts home buyers from outside the community. When they pay large premiums for properties, with or without houses on them, it inevitably inflates the value of adjacent parcels. Revaluation eventually reflects this fact and subjects abutters to tax increases even in the absence of any change either to their property or to their ability to pay the tax. The increment may be regarded as a "view tax." It would affect not just luxury properties but properties that are small and in poor repair, for which the view might not be a relevant attraction.