Property Tax Alert–New Hampshire

March 2005

For property tax purposes, rules have been adopted regarding equalization of assessment for each town, city, and unincorporated place within the state of New Hampshire. The rules specify that municipal assessment data sheets will be used as part of a sales assessment ratio study used in the equalization process, and an inventory of property transfer will be used to verify information on the municipal assessment data sheets. The rules also stipulate that the weighted mean ratio will be used to adjust a municipality's modified assessed valuation, and a municipality's ratio study may be revised if new or revised information is presented prior to the expiration of the appeal period. Furthermore, under the new rules, a municipality may appeal the total equalized valuations calculated at the conclusion of the equalization process with the New Hampshire Board of Tax and Land Appeals. The rules also provide various definitions related to the equalization process and information on forms and data sheets.

Please contact Rash & Associates for more information.