The abatement process begins with a mass appraisal or statistical update by a municipal assessor of every parcel of real estate within the assessor’s jurisdiction.
The State of New Hampshire works with each municipality to develop an equalization ratio that is applied to the assessor’s valuation. That equalized assessed value is the amount that the assessor multiplies by the tax rate to calculate the amount of tax that the taxpayer owes.
Tax bills are then sent to the taxpayer.
The taxpayer must apply for the abatement by March 1st or be barred from recovery for that tax year.
The taxpayer may elect to accept such relief as may be offered by the assessor and so conclude the abatement, or file an abatement appeal with the Board of Tax and Land Appeals or Superior Court.
The taxpayer will have additional costs and fees to continue the abatement. There are filing and appraisal fees for continuing the abatement in either the Board of Tax and Land Appeals or Superior Court.
There are two things to remember in filing a real estate tax abatement. The first is that the outcome is not guaranteed because the taxpayer needs to make a persuasive showing to the assessor and/or the Board of Tax and Land Appeals to receive an adjustment to the assessed value. The second is that assessors defend their values aggressively and have significant experience in negotiating abatements. Rather than do it alone, we would be pleased to assist you.