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Old 12-08-2018, 11:57 AM   #10
Descant
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Default Assessed vs Market

Quote:
Originally Posted by Bizer View Post
The education tax rate taxes for each town is based on the fair market value of property, not the assessed value.
I believe assessed value is supposed to reflect market value, with an adjustment for time or other factors since last assessment. The assessing department for Merrimack NH web page says the last full assessment was done in 2016, and the "Equalization Ratio" is 92.6%. I checked a couple of other sites and they don't make it as obvious, although the info is probably available.
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