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Real Estate Taxes too high?

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Posted 01-29-2013 at 10:50 AM by philbnh

REAL ESTATE TAXES TOO HIGH?

REAL ESTATE TAX ABATEMENT DEADLINE MARCH 1, 2013

As you may have read in recent business and economic reports, real estate tax assessments in many New Hampshire municipalities have not been reduced to reflect some very significant, if not drastic drops in current fair market values.

Mass appraisal analyzes recent sales to construct a statistical model and standard methodology to predict selling prices, and not a fee appraisal assessing each single property. According to Stephan Hamilton, Director of the Property Appraisal Division of the New Hampshire Department of Revenue Administration “mass appraisal is not easy to do and not perfect. It is difficult to do at best, and especially with so few sales”.

State statutes require that real estate tax assessments be based on current fair market values. It is recommended that you review your current tax assessment given current market conditions, as you may find that your property is assessed disproportionally higher than current market value.

Should you conclude after reviewing your current assessment that your property may be over-assessed, and wish to consider filing for a Real Estate Tax Abatement, please contact our office for further information as to the process involved, and the terms of our representation of your interest.

Since the deadline for filing the Tax Abatement Application is Friday, March 1, 2013, and lead time is necessary to perform an appraisal, it is important to TAKE ACTION NOW, if you wish to file a Tax Abatement Application by March 1, 2013.

CALL FOR MORE INFORMATION TODAY
PHILIP A. BROUILLARD, ESQUIRE
16 ACADEMY STREET
LACONIA, NEW HAMPSHIRE
603.524.4450
philb@worldpath.net
Posted in Real Estate
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