Confirmed list of NH municipalities scheduled for a Town-Wide Revaluation in 2015
The Towns and Cities listed in the table above are scheduled for a Town-Wide Revaluation in accordance with NH RSA 75:8 and under the supervision of the NH Department of Revenue Administration. The purpose is to bring assessments into line with fair market value. If you own property in any of these municipalities and are concerned about how your assessment could change, then please call or e-mail us today.
The NH Supreme Court has held that taxpayers are entitled to have their properties valued at a uniform standard. Bemis Bros. Co. v. Claremont, 98 N.H. 446 (1954) That standard is fair market value. NH RSA 75:1 defines market value this way: “the property’s full and true value as the same would be appraised in payment of a just debt due from a solvent debtor.” The NH Supreme Court has defined it this way: “the price which the property will bring in a fair market, after reasonable efforts have been made to find the purchaser who will give the highest price for it.” Public Service Company of New Hampshire v. New Hampton, 101 N.H. 142 (1957).
Most municipalities have planned for informal reviews, which are meetings held with the assessor or the contract assessing firm. These reviews allow the property owner to contest the new assessment.
You will receive written notice from the municipality with your new assessment and any rights that you may have to protest. It is crucial that you contact us early so that we are able to determine whether the new assessment is above fair market value.