Winnipesaukee Forum - View Single Post

longislander · 11-25-2019, 11:55 AM

I haven't read all the posts in this thread.

However, it probably is not the budget, but the appraisal/ assessment cycle.

Those of us that live in Moultonborough, may be affected more by the 20%/year appraisal/re-assessment. Namely, if your property hasn't been re-appraised in the last 5 years, and property sales, in your area have gone up, your tax bill will probably go up.

20%/year for five years meets statute requirements.

RSA 75:8-a Five-Year Valuation. –

The assessors and/or selectmen shall reappraise all real estate within the municipality so that the assessments are at full and true value at least as often as every fifth year, beginning with the later of either of the following:

I. The first year a municipality's assessments were reviewed by the commissioner of the department of revenue administration pursuant to RSA 21-J:3, XXVI and the municipality's assessments were determined to be in accordance with RSA 75:1; or

II. The municipality conducted a full revaluation monitored by the department of revenue administration pursuant to RSA 21-J:11, II, provided that the full revaluation was effective on or after April 1, 1999.

Source. 2001, 158:54. 2003, 307:11. 2005, 119:1, eff. June 15, 2005.

11-25-2019, 11:55 AM	#140
longislander Senior Member Join Date: Jun 2007 Location: Moultonborough Posts: 501 Thanks: 43 Thanked 93 Times in 70 Posts	I haven't read all the posts in this thread. However, it probably is not the budget, but the appraisal/ assessment cycle. Those of us that live in Moultonborough, may be affected more by the 20%/year appraisal/re-assessment. Namely, if your property hasn't been re-appraised in the last 5 years, and property sales, in your area have gone up, your tax bill will probably go up. 20%/year for five years meets statute requirements. RSA 75:8-a Five-Year Valuation. – The assessors and/or selectmen shall reappraise all real estate within the municipality so that the assessments are at full and true value at least as often as every fifth year, beginning with the later of either of the following: I. The first year a municipality's assessments were reviewed by the commissioner of the department of revenue administration pursuant to RSA 21-J:3, XXVI and the municipality's assessments were determined to be in accordance with RSA 75:1; or II. The municipality conducted a full revaluation monitored by the department of revenue administration pursuant to RSA 21-J:11, II, provided that the full revaluation was effective on or after April 1, 1999. Source. 2001, 158:54. 2003, 307:11. 2005, 119:1, eff. June 15, 2005.