Our assessor visits every property that sells to qualify the sale and does an interior inspection, when the property has a building(s), to verify our data. This is necessary to ensure that only arms-length transactions, with current and correct data, are used for the annual NH Department of Revenue Administration (DRA) ratio studies and the 5 year Updates.
Every year the assessor visits the properties where a building permit has been issued. She also visits all properties where work begun before April 1 of the previous year was not completed by April 1.
When was the last revaluation?
The last full revaluation, when every building was measured and inspected and the values where changed was completed for April 1, 1999.
A data verification project was completed last year for the 10 year cycle.
The last Analytical (Statistical) Update was done for State of NH Certification as of April 1, 2011. The NH Assessing Standards Board requires that every town update their values once every 5 years.
What was the level of assessment for 2010? 99.7%
Every year the DRA performs a ratio study. They use sales from October 1, of the previous year, through September 30 of the year being analyzed. The sales are compared to the assessments to come up with a ratio. What this ratio means is that the average property was assessed for 99.7% of what it sold for in 2010. The 2011 ratio study will be done in November of 2011 and the results will be returned to the town in January or February of 2012.