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Woodsy · 10-16-2012, 04:25 PM

Property tax in NH is based on the towns collecting taxes at whatever the property's full cash value is. That being said I think a tolerance of +/-5% applies. See the RSA below!

RSA 75:1 How Appraised. Except with respect to open space land appraised pursuant to RSA 79-A:5 (current use) and residence appraised pursuant to RSA 75:11 (in commercial zone), the selectmen shall appraise all taxable property at its full and true value in money as they would appraise the same in payment of a just debt due from a solvent debtor, and shall receive and consider all evidence that may be submitted to them relative to the value of the property, the value of which cannot be determined by personal examination.

There was a HUGE push by the lawmakers in Concord a few years ago when they realized the property tax revenue was not keeping track with what properties were actually selling for. Add in a budget deficit and well, you get the picture!

I think most of the online appraisals you see (Vision Appraisals etc) are pretty accurate within the tolerance above.

Woodsy

10-16-2012, 04:25 PM	#15
Woodsy Senior Member Join Date: May 2004 Location: Weirs Beach Posts: 1,966 Thanks: 80 Thanked 980 Times in 440 Posts	Property tax in NH is based on the towns collecting taxes at whatever the property's full cash value is. That being said I think a tolerance of +/-5% applies. See the RSA below! RSA 75:1 How Appraised. Except with respect to open space land appraised pursuant to RSA 79-A:5 (current use) and residence appraised pursuant to RSA 75:11 (in commercial zone), the selectmen shall appraise all taxable property at its full and true value in money as they would appraise the same in payment of a just debt due from a solvent debtor, and shall receive and consider all evidence that may be submitted to them relative to the value of the property, the value of which cannot be determined by personal examination. There was a HUGE push by the lawmakers in Concord a few years ago when they realized the property tax revenue was not keeping track with what properties were actually selling for. Add in a budget deficit and well, you get the picture! I think most of the online appraisals you see (Vision Appraisals etc) are pretty accurate within the tolerance above. Woodsy __________________ The only way to eliminate ignorant behavior is through education. You can't fix stupid.