Revaluation Information

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August, 2020 - Avitar Associates completed their town-wide revaluation and preliminary notices were sent to all property owners.  The assessments town-wide show an average 23% increase since the 2015 revaluation, so the vast majority of properties will see a considerable increase in value.  As the total value of town property increases, the tax rate will decrease.  The 2020 tax rate will be set by the state before December tax bills are mailed.

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Tax Assessment Information: Click the above link.  Search using Map, Owner, or Address.  

A revaluation is an update of all assessments in the town conducted by the contracted assessor (Avitar Associates, Inc.) under the direction of the Board of Selectmen.   The NH Constitution (Part 2 Article 6) requires that each municipality bring values anew every 5 years, and this requirement is monitored by the New Hampshire Department of Revenue Administration Property Appraisal Division. The Town was last Revaluated in 2015.  

The 2020 revaluation updated property values to reflect current market value for the final analysis using Nottingham sales that occurred between 10/1/19 – 8/19/20. 

Market value is defined as the amount of money a typical, well-informed purchaser would be willing to pay for a property in an arm’s length sale, or is also known as a “Qualified Sale” per RSA 75:1.  An arm’s length sale is one where the buyer and seller are not related, are willing parties and not under pressure to sell or buy, the property is available on the open market, and payment is made in cash or has typical financing for that type of property.

Further information about the 2020 Revaluation can be found in the Nottingham NH, 2020 Valuation Update manual provided by Avitar Associates, as provided in the link below.  

  • 2020 Revaluation USPAP Manual - PDF is VERY LARGE. The manual provides the processes, details and documentation used by the Assessor for the 2020 Revaluation of Property Values.