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BroadHopper · 10-16-2012, 10:43 AM

Assessed values for taxes is a pick a number out of the air proposition. As a financial analyst I still find it confusing how they got that number. For instance the assessed value for taxes of three properties that I owned remain at the price I paid for the properties. They are in three seperate towns, all in NH. All bought in the early to mid 2000. When they reevaluate the properties, the numbers don't make sense nor are they close to appraised market value of the properties. We can thank the goons in Concord for this one!

Appraisals for insurance or market values depends on who does the appraisal and what data base that they use. With today's falling prices it is usually on the optimistic side.

10-16-2012, 10:43 AM	#12
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,512 Thanks: 3,118 Thanked 1,090 Times in 784 Posts	Assesed values Assessed values for taxes is a pick a number out of the air proposition. As a financial analyst I still find it confusing how they got that number. For instance the assessed value for taxes of three properties that I owned remain at the price I paid for the properties. They are in three seperate towns, all in NH. All bought in the early to mid 2000. When they reevaluate the properties, the numbers don't make sense nor are they close to appraised market value of the properties. We can thank the goons in Concord for this one! Appraisals for insurance or market values depends on who does the appraisal and what data base that they use. With today's falling prices it is usually on the optimistic side. __________________ Someday may never be an actual day.