Preliminary 2020 Assessed Values Available
The values here reflect the Preliminary 2020 Assessed Values. A complete listing of preliminary assessments (PDF) is sorted by location for the 2020 Tax Year.
NH RSA 75:8-a requires that all municipalities complete a town-wide revaluation of all properties every five years.
Some of the most frequent questions the Town has been receiving regarding the revaluation are:
A revaluation is the process of conducting the data collection and market analysis necessary to equalize the values of all properties within the town, bringing all to at or near 100% as of April 1, 2020. This ensures that all contribute an equitable portion of the total tax burden.
- What is market value and who determines my property value?
Market value is determined by people, by the activity in the real estate market, and the general economy.
- How do I know if my assessment is equitable?
There are two good methods of determining this. First, compare your property to similar ones that have recently sold; your assessment should be in line with these sale prices. Second, if no recent sales are available, compare your assessment to similar properties in your area; your assessment should be in line with those similar properties.
Remember, however, that very few properties are exactly alike. Your assessment should be comparable, but it will seldom be exactly the same as a similar property.
- Will a revaluation increase my property taxes?
Although a revaluation may result in increases to nearly all individual property assessments, that does not mean that all property owners’ taxes will increase. This is because the assessments, collectively known as the total valuation, serve only as a basis used to determine the annual tax rate necessary to satisfy the total tax burden; the tax burden being the amount we must raise to operate the local government and support the many services we have come to expect such as schools, police, etc. Simply put, if a revaluation were to double the Town’s total valuation and the tax burden remained the same, the tax rate would be cut in half.
That said, it is important to remember that, for any number of reasons, not all properties will increase the same percentage. For some, the percentage may be higher and, in turn, the amount of property taxes higher, as welll. Your December tax bill will reflect the impact, if any, of your new assessment on your property taxes.
- What if I disagree with my new assessment?
If you have questions or feel the preliminary assessed value does not reflect market value, you may schedule an appointment to meet with a staff member for an informal review of your assessment. At the hearing, you can voice concerns and discuss inaccuracies or discrepancies with staff, who will review your property record card, explain the value, and determine if any changes are appropriate.