We are in the fourth year of a four year data verification program. What does this mean? The State of NH Assessing Standards Board recommends that every property be measured and inspected once every 10 years. Accurate data is key to equitable assessments. Data collection will continue in the North end of town, the Post Pond neighborhood and out to the Whipple Road and Pinnacle Road neighborhoods.

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.

Every year our 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 and was not completed by April 1.

The last full revaluation, when every building was measured and inspected and the values where changed was completed for
April 1, 1999.

The last Analytical (Statistical) Update was done for State of NH Certification as of April 1, 2006. The NH Assessing Standards Board requires that every town update their values once every 5 years.

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 94.3% of what it sold for in 2009. The 2010 ratio study will be done in November of 2010 and the results will be returned to the town in January or February of 2011.