Land Use & Zoning
A NH municipality's 'transfer of development rights' (TDR) program allows property owners to:
ATransfer zoning violations between properties
BSell development rights from protected areas to developers who can then build at higher densities in receiving zones✓ Correct
CTransfer tax assessments between parcels
DMove a building from one location to another
Explanation
A TDR program is a market-based planning tool that allows landowners in 'sending areas' (farmland, open space, environmentally sensitive land) to sell their development rights to developers in designated 'receiving areas' where higher density is appropriate. This protects land without requiring government purchase.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
State-Specific Concepts
Transfer Tax
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