CHAPTER Rev 600 PROPERTY ASSESSMENT
Statutory
Authority: RSA 21-J:13 and RSA 21-J:11
REVISION NOTE:
Document #10581, effective
5-1-14, re-adopted with amendments the rules in Chapter Rev 600, formerly
titled “Property Appraisal”. The chapter
is now titled “Property Assessment”.
Document #10581 also adopted new rules in Chapter Rev 600 and made
extensive changes to the wording, format, structure, and numbering of the
former Chapter Rev 600. Most of the
existing rules in Chapter Rev 600 had last been filed under Document #8501,
effective 12-1-05, but they did not expire on 12-1-13 but were extended
pursuant to RSA 541-A:14-a until superseded by the rules in Document #10581,
effective 5-1-14.
Document #10581 supersedes
all prior filings affecting the provisions in the former Chapter Rev 600. The prior filings affecting the former
Chapter Rev 600 include the following documents:
#1499, eff 12-6-79
#1553, eff 3-25-80
#1978, eff 3-14-82
#2153, eff 10-10-82
#2880, eff 10-19-84
#4114, eff 8-20-86
#4615, eff 5-24-89 (in Rev 100)
#4768, eff 2-26-90, EXPIRED 2-26-96
#4919, eff 8-22-90
#4977, eff 11-24-90, EXPIRED 11-14-96
#5229, eff 9-27-91
#5682, eff 8-5-93, EXPIRED 8-5-99
#6200, eff 3-1-96
#6410, eff 12-25-96, EXPIRED 12-25-96
#6640, eff 11-27-97, EXPIRED 11-27-05
#7075, eff 8-21-99
#8251, eff 1-8-05
#8501, eff 12-1-05
#8645, eff 6-1-06
#8907, eff 6-19-07
PART
Rev 601 DEFINITIONS
Rev 601.01 “Abatement review” means to make an
assessment recommendation to the municipal assessing officials or to make a
change to an assessment that is in response to an abatement request from a
taxpayer.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.02 “Appraisal” means the act or process of
developing a market value estimate of property which will be used as the
basis for valuation, fulfilling a municipality’s statutory duties
relative to property tax administration including, but not limited to those pursuant to RSA 75:1.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.03 “Appraisal work” means the act
or process of developing and
making a market value estimate of property, or an adjustment to an assessment,
which shall be used as the
basis for the valuation of a municipality in accordance with statutory
requirements including, but not limited to those pursuant to RSA 75:1.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.04 “Appraiser” means any person, firm, company,
or corporation who makes an appraisal, an assessment, or provides appraisal
work and meets one of the following conditions:
(a)
Is certified by the DRA in accordance with Asb
300; or
(b)
Is statutorily given the authority to appraise property pursuant to RSA
75:1, RSA 81:1, RSA 41:2-g, or RSA 48:13.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.05 “Assessing services” means the making of
appraisals, reappraisals, assessments, or providing other services on behalf of
municipal assessing officials for the statutory administration of property
valuation and assessment including, but not limited to those
pursuant to RSA 75:1.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.06 “Assessing Standards Board
(ASB)” means the State of New Hampshire assessing standards board as
established pursuant to RSA 21-J:14-a.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.07 “Assessment” means an estimate of the
quality, amount, size, features, or
worth of real estate which is used as a basis for a municipalities’ valuation in accordance with statutory requirements
including, but not limited to those pursuant to RSA 75:1.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.08 “Base year” means the tax year in which the
municipality performed a revaluation of all properties.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.09 “BTLA reassessment” means an order by the
State of
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.10 “Calibration” means the process of ensuring
the predictive accuracy of the CAMA model(s), through testing, which may
include but not be limited to; determining the variable rates and adjustments
from market analysis for land and land factors, costs and depreciation for a
cost model, valuation rates and adjustments for a sales comparison model, and
market rents and capitalization rates for an income model.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.11 “Computer assisted mass appraisal (CAMA)
system” means a system of appraising property that incorporates
computer-supported tables, automated valuation models and statistical analysis
to assist the appraiser in estimating value for a revaluation, assessment data
maintenance and valuation update.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.12 “Commissioner” means the commissioner of the
department of revenue administration or the commissioner’s designee.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.13 “Contract” means any agreement between the
municipality and the contractor for making appraisals, reappraisals,
assessments, or for appraisal work on behalf of a municipality within the State
of
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.14 “Contractor” means the person, firm, company,
or corporation with which the municipality has executed a contract or agreement
for assessing services.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.15 “Cyclical inspection” means the process of a
systematic measure and listing of all properties within a municipality
over a specified period of time. The term includes “data collection” and “data
verification.”
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.16 “Cyclical revaluation” means the process of
combining a full statistical revaluation of the entire municipality with a
cyclical inspection process.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.17 “Data collection” means the inspection,
measuring, or listing of property within a municipality. The term
includes data verification.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.18 “Department of Revenue Administration
(DRA)” means the
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.19 “DRA assessment review cycle” means the 5
year time period of DRA assessment review, pursuant to RSA 75:8-a.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.20 “DRA-certified”
means a level of certification attained by a person as set forth by the ASB in Asb 300 pursuant to RSA 21-J:14-f.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.21 “Easement agreement” means the legal document
that identifies the parties involved, identifies the property encumbered by the
easement and describes in detail the public benefit, any renewal terms and all
other terms of the easement pursuant to RSA 79-C and RSA 79-D.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.22 “Executed” means
to transact, agree to, carry into effect, sign or act upon a contract or
agreement to perform assessing services for a municipality. The term includes
“executing”.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.23 “Final monitoring report” means the DRA’s
final letter to the municipality for any revaluation or partial
update.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.24 “Full revaluation” means the revaluation of
all taxable and nontaxable properties in a municipality, with a complete
measure and listing of all taxable and nontaxable properties to occur at the
same time of the establishment of the new base year, to arrive at full and true
value as of April 1. The term includes “full reappraisal” and “full
reassessment.”
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.25 "Full statistical revaluation"
means the process of a revaluation of all taxable and nontaxable properties in
a municipality, using existing property data, to arrive at full and true value
as of April 1. The term includes “statistical update” and “statistical
reassessment.”
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.26 “Highest and best use” means the physically
possible, legally permissible, financially feasible, and maximally productive
use of a property, as appraised in accordance with RSA 75:1.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.27 “Improvement” means any physical change to
either land or to buildings that may affect value.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.28 “In-house assessor” means an appraiser that
has been hired to perform appraisal work as an employee of the municipality.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.29 “In-house work plan” means a written set of
goals, objectives, processes, and timelines that the municipality intends to
rely upon to perform revaluations, partial updates, or cyclical inspections.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.30 "Listing" means recording a
description of the interior, exterior, and attributes of any improvements or
the recording of the description of land features and attributes. The term includes “list”.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.31 “Market analysis” means the study and
processes utilized to determine the response of buyers and sellers of real
estate, in a geographic area, to various data elements through the analysis of
cost data, income data, and sale transactions in the performance of mass
appraisal.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.32 "Market value" means the value of a
property that:
(a)
Is the most probable price, not the highest, lowest or average price;
(b)
Is expressed in terms of money;
(c)
Implies a reasonable time for exposure to the market;
(d)
Implies that both buyer and seller are informed of the uses to which the
property may be put;
(e)
Assumes an arm’s length transaction in the open market;
(f)
Assumes a willing buyer and a willing seller, with no advantage being
taken by either buyer or seller; and
(g)
Recognizes both the present use and the potential use of the
property. The term includes “full and
true value.”
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.33 "Mass appraisal" means the
utilization of standard commonly recognized techniques to value a group of
properties as of a given date, using standard appraisal methods, employing
common data and providing for statistical testing.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.34 "Measure" means the physical
inspection, verification, sketching and recording of the exterior dimensions
and attributes of any improvements made to a property.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.35 “Monitoring” means the DRA’s:
(a)
Review of the accuracy of appraisal work by inspecting, evaluating and
testing in whole or in part of the data collected for the municipality by their
appraiser(s);
(b)
Review of the appraiser(s) compliance with the terms of a contract or
in-house work plan; and
(c)
Review that the appraisal work complies with all applicable statutes and
rules.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.36 “Municipal assessing officials” means those charged
by law with the duty of assessing taxes and being the:
(a)
Governing body of a municipality;
(b)
Board of assessors or selectmen of a municipality; or
(c)
County commissioners of an unincorporated place.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.37 “Municipality” means a city, town, or
unincorporated place.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.38 “Partial update” means the process of
analyzing market sales throughout the entire municipality to identify and
implement needed value changes to the affected areas, or classes of property,
to bring those properties to the municipality’s general level of assessment
utilizing the existing base tax year and providing an addendum to the existing
USPAP compliant report. The term includes “partial revaluation.”
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.39 “Pick-ups” means those
properties throughout a municipality having values adjusted due to:
(a)
New, newly modified, or on-going construction;
(b)
Demolitions;
(c)
Errors or omissions;
(d)
Subdivisions, boundary line adjustments, or lot mergers;
(e)
Tax map corrections or zoning;
(f)
Current use;
(g)
Statutory exemptions; or
(h)
Abatement review.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.40 “Revaluation” means the act
of re-estimating the worth of real estate of the entire municipality using
standard appraisal methods, calibration of the CAMA tables and models,
establishment of a new base year with a USPAP compliant report, and providing
for statistical testing whether by either:
(a)
A full revaluation; or
(b)
A full statistical revaluation.
The term includes “reappraisal,” “reassessment,” and “value anew.”
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.41 “
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.42 “Statistical testing” means the use or
application of numerical statistics to understand the results of a reappraisal
or the need for a reappraisal.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.43 “Tax year” means the period
beginning April 1 of any year and ending March 31 of the next year, inclusive.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.44 “Uniform standards of professional appraisal
practice (USPAP)” means the generally accepted and recognized standards of
appraisal practice printed by The Appraisal Foundation as authorized by
Congress as the source of appraisal standards and appraiser qualifications.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 601.45 “USPAP compliant report” means an appraisal
report based upon the standards established by the ASB pursuant to RSA
21-J:14-b, I, (c.)
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
PART
Rev 602 CONTRACT SUBMISSION, TERMS,
COMPLIANCE AND SATISFACTION
Rev 602.01 Appraisal Work Contract Submission and DRA
Review.
(a) A contract shall be required for any
assessing services, performed by a contractor who is not an employee of the
municipality, on behalf of a municipality for tax assessment and administration
purposes, which may include, but
not be limited to:
(1) Any revaluation;
(2) Partial update, statistical analyses, or
ratio studies;
(3) Utility or special use property assessments;
(4) Pick-ups;
(5) Current use assessments;
(6) Abatement review;
(7) Data
collection or cyclical inspection; or
(8)
(b)
Prior to starting any appraisal work for a municipality, or executing a
contract for assessment services, a contractor who is not an employee of the
municipality, as evidenced by a valid W-2 Form issued for federal income tax
purposes, shall submit to the DRA for review:
(1) A copy of the written contract; and
(2) The names and DRA-certified level of all
personnel to be employed under the contract.
(c)
Prior to starting any appraisal work for a municipality, executing a
contract for assessment services, or during the course of contract performance,
the contractor shall provide to the DRA for review:
(1) Any unexecuted amended
or revised contract; and
(2) Any amended or revised list of DRA-certified
personnel to be employed under the contract.
(d)
Prior to starting any appraisal work, the contractor shall attest that:
(1)
The contract has been submitted to the DRA and in the case of a BTLA ordered
reassessment, has been approved by the DRA;
(2) The contract has been executed by the
authorized municipal assessing official(s) or by their properly authorized
agent;
(3) The contract has been executed by the
contractor; and
(4) The executed contract has been copied and
sent to the DRA along with a list of all DRA-certified personnel with their
level of certification that shall work in the municipality under the contract.
(e)
A
monitoring conference may be requested by the DRA, the municipality, or the
contractor to review the contract terms and conditions, or the in-house work
plan, as detailed in Rev 609.01 to be held with the DRA and:
(1) The municipal assessing officials;
(2) The in-house assessor;
(3) The contractor; or
(4) All of the above.
(f) For a BTLA ordered reassessment, the contract,
any revised contract, and the list of personnel assigned to work under the
contract, shall be first submitted to the DRA for examination and shall not be
approved by the DRA until the indemnification and insurance certificates as
described in Rev 607.01 (a) and the performance bond as described in Rev 607.02
have been submitted to both the municipal assessing officials and the DRA.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 602.02 Scope
of Municipal Appraisal Work Contract.
(a)
The contract shall specify whether the contract is for:
(1) A full revaluation;
(2) A full statistical
revaluation;
(3) A partial update;
(4) Data collection or cyclical inspection;
(5)
(6) Other assessing services described in detail.
(b)
The contract shall specify:
(1) The municipality’s:
a. Name;
b. Mailing address;
c. Contracting official(s) name(s) and title(s);
d. Telephone and fax numbers; and
e. E-mail address, if applicable;
(2) The contractor’s:
a. Name;
b. Mailing address;
c. Principal place of business if different from
(b) above;
d. E-mail address, if applicable;
e. Telephone and fax numbers;
f. The name and title of person authorized to
execute the contract; and
g. Type of business organization, whether:
1. Proprietorship;
2. Limited liability company;
3. Corporation; or
4. Other, to be specified;
(3) A list of products and services to be
delivered and dates of delivery thereof;
(4) The duration of the contract period and the
date that the contractor shall complete all work and deliver the same in final
form to the municipal assessing officials; and
(5) If applicable, the amount of the
penalty per day that shall be paid by the contractor, for delays caused by or in
the control of the contractor, for each day required for completion of the
assessing services beyond the completion date stated in (4) above.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 602.03 Contract Satisfaction.
(a)
The terms of a revaluation or partial update contract shall be
considered satisfied when:
(1) If applicable, the informal review of
assessments has been completed and any required value adjustments have been
made;
(2) The
final values are submitted to and accepted by the municipal assessing
officials;
(3) The DRA has completed its final monitoring
report for a BTLA ordered revaluation or partial update;
(4) All products required by the contract are
delivered to the municipality and as applicable, to the DRA;
(5) If required by the contract, the
values established by the contractor have been defended through the municipal
abatement process, as described under RSA 76:16, for the year of the
revaluation or partial update;
(6) If required by the contract, the values
established by the contractor have been defended through the abatement appeal
process, as described under RSA 76:16-a and RSA 76:17, for the year of the
revaluation or partial update;
(7) For a BTLA ordered revaluation or partial
update, the values established by the contractor
have been defended through the municipal abatement process, as described under
RSA 76:16, for the year of the revaluation or partial update;
(8)
For a
BTLA ordered revaluation or partial update, the
contractor has provided a representative to support the values established by
the contractor through the municipal abatement appeal process, as described
under RSA 76:16-a and RSA 76:17, for the
year of the revaluation or partial update; and
(9) All of the other terms of the contract have
been satisfied.
(b)
The terms of a cyclical inspection or data collection contract shall be
considered satisfied when all products required by the contract are delivered
to the municipality and as applicable, to the DRA.
(c)
The terms of all other assessing service contracts shall be considered
satisfied when all products required are delivered to the municipality.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 602.04
Personnel. All revaluation,
partial update, and appraisal work contracts shall:
(a)
Provide a list of the personnel, along with their DRA-certification
level, that shall be working in the municipality;
(b)
Provide that for the grading, classifying, appraising, and data
collection of all property covered by the contract, the contractor shall only
employ personnel who are:
(1) Certified by the DRA, in accordance with Asb 300 and RSA 21-J:14-f, for the level of work they shall
be performing; and
(2) Approved by the municipal assessing
officials; and
(c)
Specify that the contractor shall:
(1) Not compensate, in any way, a municipal
official, employee or any immediate family member of such official or employee
in the performance of any work under the contract unless previously disclosed
and a prior full-time employee of the contractor;
(2) For a revaluation or partial update contract,
certify that a DRA-certified assessor supervisor assigned to work under the
contract is proficient in the use and the calibration of the CAMA system that
shall be used to appraise property;
(3) For a revaluation, partial update, data
collection or assessing services contract, certify that the individual(s)
assigned to perform data entry is(are) proficient in the use of the municipal
CAMA system;
(4) For a revaluation or partial update contract,
ensure that the DRA-certified assessor supervisor shall be present on the
revaluation or partial update site a specified minimum percentage of the time
for the duration of the contract; and
(5) For a cyclical inspection or assessing
services contract, ensure that the work shall be overseen and reviewed by a
DRA-certified assessor, or a DRA-certified assessor supervisor shall be present
on the work site a specified minimum percentage of the time for the duration of
the contract.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 602.05 Revaluation or Partial Update Contract
Public Relations and Disclosure. A
revaluation or partial update contract shall contain the following requirements
for public relations and disclosure to be met during the performance of the
contract:
(a)
All publicity and news releases shall be approved by the municipal
assessing officials before being released to the news media;
(b)
The contractor, upon request of the municipal assessing officials, shall
provide assistance in conjunction with the municipal assessing officials to
acquaint the public with the mechanics and purpose of the revaluation or
partial update; and
(c)
The contractor shall not:
(1) Disclose any preliminary values to anyone
except the municipal assessing officials and the commissioner of the DRA, or
their respective designees; or
(2) Permit anyone to use or access any data on
file during the course of a revaluation or partial update project, with the
exception of the municipal assessing officials and the commissioner of the DRA,
or their respective designees, until the values have been submitted to the municipal
assessing officials and made public.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 602.06 Contract Compensation and Terms. All appraisal work contracts shall include
and specify:
(a)
The amount of compensation to be paid by the municipality to the
contractor for the specific assessing services that shall be performed pursuant
to the contract agreement;
(b)
The amount or terms of compensation to be paid by the
municipality for assessing services to support and defend assessments that are
appealed to the BTLA or superior court, if not included
in (a) above, quoted on a hourly or daily basis plus expenses;
(c)
The cost to the municipality for the appraisal of special use property,
or utility property, if not included in (a) above, quoted on a flat fee, or
hourly or daily basis, plus expenses;
(d)
The manner and time schedule in which the municipality shall make payments
to the contractor;
(e)
That for a revaluation or a partial update contract, a statement of any
amount of retainage that may be withheld from the contractor until all of the
terms of the contract have been satisfied; and
(f)
That for a BTLA ordered revaluation or partial update, the contract
shall state that a minimum of 10% retainage shall be withheld from the
contractor until:
(1) All of the terms of the contract have been
satisfied; and
(2) The DRA has completed its final monitoring report.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 602.07 Detail of Appraisal Work to Be Performed
and Delivered. All appraisal work
contracts shall include and specify:
(a)
That the contractor shall ensure that the assessing services shall be
performed:
(1) In a good and workmanlike manner; and
(2) In accordance with all applicable laws and
rules in effect at the time of contract satisfaction;
(b)
That all tax exempt and non-taxable property within the taxing
jurisdiction of the municipality shall be appraised in the same manner as
taxable property;
(c)
The CAMA system that shall be utilized to complete the appraisal work for
the municipality; and
(d)
How the contractor shall conduct and provide to the municipality the
assessing services which may include, but not be limited to:
(1) A revaluation;
(2) A partial update,
statistical analyses, or ratio studies;
(3) Utility or special use property assessments;
(4) Pick-ups;
(5) Current use assessments;
(6) Abatement review;
(7) Data
collection, cyclical inspection; or
(8)
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
PART Rev 603 REVALUATION CONTRACT REQUIREMENTS
Rev 603.01 Full Revaluation and Full Statistical
Revaluation Contract Requirements.
The contract shall contain the details of the revaluation appraisal work
specified in Rev 603.02 through Rev 603.05 to be met during the performance of
the contract.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 603.02 Full Revaluation Contract Services. For a full revaluation contract the following
services shall be performed and provided by the contractor:
(a)
Property data shall be collected and inspected as follows:
(1) All land parcels and any
attributes that may affect the market value shall be listed accurately, which may
include, but not be limited to:
a. Number of acres;
b. Road frontage;
c. Water frontage;
d. Water access;
e. Views;
f. Topography;
g. Access;
h. Neighborhood;
i. Betterments;
j. Approvals;
k. Easements;
l. Deeded restrictions; and
m. Other factors that might affect the market
value;
(2) Every principal building(s), and any appurtenant
building(s), or other improvements, shall be accurately measured and listed to
account for the specific elements and
details of construction that may affect the market value, which
may include, but not be limited to:
a. The quality of construction;
b. The approximate age of the structure;
c. Depreciation factors;
d. Foundation type;
e. Basement area;
f. Insulation;
g. Roofing;
h. Exterior cover;
i. Flooring;
j. Interior finish;
k. Fireplaces;
l. Heating and air conditioning systems;
m. Solar collectors;
n. Plumbing and plumbing fixtures;
o. Electric service;
p. Story height;
q. The total number of rooms;
r. The total number of bathrooms;
s. The total number of bedrooms;
t. Sprinkler systems;
u. Elevators; and
v. Any other features, attributes, or factors
that might affect market value;
(3) The contractor shall provide in the contract
the employee protocol and procedure for inspection of the property as detailed
in (9) below;
(4) When entrance to a building or a parcel of
land cannot be obtained as detailed in (9) below, the contractor shall make:
a. A note of the date of the visit to the
property; and
b. A notation of the reason the inspection of
the property could not be obtained as detailed in (9) below;
(5) All full revaluation contracts shall provide
the procedure for inspection, call backs, and notification;
(6) For a BTLA ordered full revaluation, the
contractor shall make an attempt to inspect the property, unless prohibited
pursuant to (9) below, and if the attempt is unsuccessful, the contractor
shall:
a. Make a note of the date of the visit to the
property;
b. Leave a notification card at the property
requesting that the property owner call the contractor’s designee, within a
stated time frame as agreed upon by the municipal assessing officials and the
contractor, to arrange for an interior inspection; or
c. Send a letter to the property owner
requesting that the property owner call the contractor’s designee, within a stated
time frame as agreed upon by the municipal assessing officials and the
contractor, to arrange for an interior inspection; and
d. Notify the municipal assessing officials that
the property was not accessed and that the contractor has not
been contacted by the property owner or occupant, within the prescribed time
frame;
(7) For a BTLA ordered full revaluation, the
municipal assessing officials, when notified by the contractor pursuant to (d)
above:
a. May attempt to make arrangements with the owner
or occupant for an interior inspection of the property; and
b. Shall notify the contractor within 10 working
days of whether inspection arrangements were made;
(8) If the contractor or the municipal assessing
officials are not able to arrange for an interior inspection, the contractor
shall:
a. Estimate the value of the improvements using
the best evidence available; and
b. Annotate the property record card
accordingly; and
(9) The contractor shall complete interior
inspection of all properties except:
a. Vacant or unoccupied structures;
b. Where multiple attempts for inspection have
been made without success and the owner or occupant has not responded to the
contractor or the municipal assessing officials’ notifications;
c. Where postings prevent access;
d. When the owner has refused access to the
contractor or designee;
e. Unsafe structures;
f. When inhabitants appear impaired, dangerous
or threatening; and
g. Any other reason for which the municipal assessing
officials agree that the property is inaccessible;
(b)
The contractor shall provide to the municipality a complete copy of the:
(1) Field data collection card(s);
(2) Worksheet(s); and
(3) Other document(s) used in the valuation process;
and
(c) For a BTLA ordered full
revaluation the contractor shall
provide monthly progress reports indicating the percentage of completion
of the full revaluation to the municipal assessing officials and the DRA; all
other contracts shall specify the reporting requirements.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 603.03 Full Statistical Revaluation Contract
Services. For a full statistical
revaluation contract the following services shall be performed and provided by
the contractor:
(a)
Property data shall be collected and inspected as follows:
(1) All qualified
land sales, and any attributes that may affect the market value shall be
listed accurately, which may include, but not be limited to:
a. Number of acres;
b. Road frontage;
c. Water frontage;
d. Water access;
e. Views;
f. Topography;
g. Access;
h. Neighborhood;
i. Betterments;
j. Approvals;
k. Easements;
l. Deeded restrictions; and
m. Other factors that might affect the market value;
(2) All qualified
improved sales, principal building(s), and any appurtenant building(s),
or other improvement(s) shall be accurately measured and listed to account for
the specific elements and details of
construction that may affect the market value, which may include, but not
be limited to:
a. The quality of construction;
b. The approximate age of the structure;
c. Depreciation factors;
d. Foundation type;
e. Basement area;
f. Insulation;
g. Roofing;
h. Exterior cover;
i. Flooring;
j. Interior finish;
k. Fireplaces;
l. Heating and air conditioning systems;
m. Solar collectors;
n. Plumbing and plumbing fixtures;
o. Electric service;
p. Story height;
q. The total number of rooms;
r. The total number of bathrooms;
s. The total number of bedrooms;
t. Sprinkler systems;
u. Elevators; and
v. Any other features, attributes, or factors
that might affect market value;
(3) The contractor shall provide in the contract
the employee protocol and procedure for inspection of the property as detailed
in (9) below;
(4) When entrance to a building or a parcel of
land cannot be obtained as detailed in (9) below, the contractor shall make:
a. A note of the date of the visit to the
property; and
b. A notation of the reason the inspection of
the property could not be obtained as detailed in (9) below;
(5) All full statistical revaluation contracts shall
provide the procedure for inspection, call backs, and notification;
(6) For a BTLA ordered full statistical
revaluation, the contractor shall make an attempt to inspect the property,
unless prohibited pursuant to (9) below, and if the attempt is unsuccessful, the
contractor shall:
a. Make a note of the date of the visit to the
property;
b. Leave a notification card at the property
requesting that the property owner call the contractor’s designee, within a
stated time frame as agreed upon by the municipal assessing officials and the
contractor, to arrange for an interior inspection; or
c. Send a letter to the property owner
requesting that the property owner call the contractor’s designee, within a
stated time frame as agreed upon by the municipal assessing officials and the
contractor, to arrange for an interior inspection; and
d. Notify the municipal assessing officials that
the property was not accessed and that the contractor has not
been contacted by the property owner or occupant, within the prescribed time
frame;
(7) For a BTLA ordered full statistical
revaluation, the municipal assessing officials, when notified by the
contractor pursuant to (d) above:
a. May attempt to make arrangements with
the owner or occupant for an interior inspection of the property; and
b. Shall notify the contractor within 10 working
days of whether or not inspection arrangements were made;
(8) If the contractor or the municipal assessing
officials are not able to arrange for an interior inspection, the contractor
shall:
a. Estimate the value of the improvements using
the best evidence available; and
b. Annotate the property record card
accordingly; and
(9) The contractor shall complete interior
inspection of all properties except:
a. Vacant or unoccupied structures;
b. Where multiple attempts for inspection have
been made without success and the owner or occupant has not responded to the
contractor or the municipal assessing officials’ notifications;
c. Where postings prevent access;
d. When the owner has refused access to the
contractor or designee;
e. Unsafe structures;
f. When inhabitants appear impaired, dangerous
or threatening; and
g. Any other reason for which the municipal assessing
officials agree that the property is inaccessible;
(b)
The contractor shall provide to the municipality a complete copy of the:
(1) Field data collection card(s);
(2) Worksheet(s); and
(3) Other document(s) used in the valuation process;
and
(c) For a BTLA ordered full
statistical revaluation the contractor
shall provide monthly progress reports indicating the percentage of
completion of the full statistical revaluation to the municipal assessing
officials and the DRA; and all other contracts shall specify the reporting
requirements.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 603.04 Full Revaluation and Full Statistical
Revaluation Contract Services. For a
full revaluation and a full statistical revaluation contract the following
services shall be performed and provided by the contractor:
(a)
Property records shall be compiled as follows:
(1) The
contractor shall prepare an individual property record for each separate
parcel of property in the municipality arranged to show:
a. The owner’s name, street number, map and lot
number, or other designation of the property;
b. The owner’s mailing address;
c. All information necessary to derive and
understand:
1. The land value;
2. The number of acres of the parcel;
3. The land classification;
4. The adjustments
made to land values;
5. The value of the improvements on the land;
6. The accurate description of all the
improvements whether affecting market value or not;
7. The improvement pricing details;
8. The allowances made for physical, functional
and economic depreciation factors;
9. The outline sketch of all principal improvements
with dimensions with the street side or waterfront toward the bottom of the
diagram;
10. The base valuation year; and
11. The print date of the property record;
d. The specific elements and details of construction, which may include, but not be
limited to, the items contained in Rev 603.02 (a)(1) & (2) and Rev 603.03
(a)(1) & (2);
e. Photograph(s) of the principal building, if
required by the contract;
f. History of the property transfer to include:
1. Date of sale;
2. Consideration amount;
3. Qualification code; and
4. Property type noted as either vacant or
improved;
g. A notation area to record comments pertaining
to the property; and
h. A notation area to record the history of the
property, which may include, but may not be limited to:
1. Property inspection date;
2. I ndividual’s identification number or initials associated with
the inspection;
3. The extent of the inspection;
4. Reason of the inspection; and
5. Any value adjustment(s);
(b)
A market analysis shall be completed as follows:
(1) A DRA-certified property assessor supervisor
shall conduct the full revaluation and full statistical revaluation market
analysis;
(2) A DRA-certified property assessor assistant,
under the guidance of a DRA-certified property assessor or a DRA-certified
property assessor supervisor, may validate or invalidate sales for the market
analysis;
(3) The contract shall specify that the municipality
shall provide to the contractor a copy of all property transfers for a minimum
of 2 years immediately preceding the
effective date of the revaluation;
(4) A market analysis shall be conducted by the
contractor using accepted mass appraisal methods in order to
determine land, improvements and any other contributory values or factors
including:
a. A review of all property transfers provided
by the municipal assessing officials to the contractor;
b. A compilation of all unqualified property
transfers into a list containing:
1. The parcel map and lot number;
2. The disqualification code;
3. The date of sale; and
4. The sale price;
c. A compilation of all qualified property
transfers into a list including:
1. The parcel map and lot number;
2. The date of sale;
3. The sale price;
4. The newly established value;
5. If required by the contract, a photocopy
or printout of the property record card for each property transferred; and
6. If required by the contract, a photograph of
the principal improvements attached thereto;
d. Estimated land values with the documented
results, as follows:
1. Utilizing vacant land sales whenever
possible; and
2. In the absence of an adequate number of
vacant land sales, the land residual method or other recognized land valuation
methodologies shall be used to assist in the determination of land unit values;
e. The indicated land values shall be documented
as:
1. Site;
2. Front or square foot;
3. Front acre;
4. Rear acre units; and/or,
5. Other appropriate units of comparison;
f. An analysis section to include:
1. The sale price; and
2. Supporting adjustments made in sufficient
detail to be understood by the municipal assessing officials and taxpayers;
g. The market analysis used to indicate unit
values with the documentation of the method(s) employed and any special
adjustment factors; and
h. Tax maps showing the locations of all qualified
sales and the delineation of neighborhoods if required by the contract; and
(5) The preliminary market analysis shall:
a.
Be provided to the municipal assessing officials and the DRA prior to
the acceptance of the new values by the municipal assessing officials;
b.
Be printed in its final form and provided to the municipal assessing
officials and the DRA at the completion of the revaluation as part of the USPAP
compliant report; and
c.
Become property of the municipality;
(c) The valuation of property for the revaluation
shall be completed by utilizing recognized approaches to value, which may
include, but not be limited to:
(1) The cost approach, when
utilized, shall be implemented by calibrating and applying land valuation
tables, building valuation tables, and unit costs as follows:
a. Investigate, with documented analysis, land
values for residential, commercial, industrial and any other special use
properties in the area;
b. Documentation of the land valuation tables
and unit costs by including statistical testing to compare the calculated
preliminary land value to the sale properties to ensure accuracy before the
land
valuation tables and unit costs are implemented;
c. Documentation for the development of the
units of comparison that shall be used for the base land prices, which may
include, but not be limited to:
1. Site;
2. Front foot;
3. Square foot;
4. Front acre;
5. Rear acre; and
6. Other appropriate units of
comparison;
d. Documentation for site specific
characteristic land adjustments, which may include, but not be limited to:
1. Topography;
2. View;
3. Size;
4. Location; and
5. Access;
e. Documentation of the calibration of all land
tables and models;
f. Investigate, with documented analysis, the
building costs of residential, commercial, industrial and any other
special use properties in the area;
g. Documentation of the testing of the
contractor’s building valuation tables and unit costs by comparing the
calculated preliminary building value to the sale
properties, for which the building costs
are known, to ensure accuracy before the building valuation tables and
unit costs are implemented;
h. In utilizing building costs as the basis of
appraisal for properties, the building cost tables shall consist of unit
prices based upon relevant factors, which may
include, but not be limited to:
1. Specifications for various
types of improvements;
2. The quality of construction;
3. The building customs and practices in the municipality;
4. Various story heights and
square foot areas adequate for the valuation of all types of buildings or other
improvements to the land;
5. Tables for additions and deductions for variations from the base
cost improvement specifications; and
6. Tables for depreciation
based upon age and condition of the improvements; and
i. Documentation of the calibration of all
building cost tables and models;
(2) The income approach, when
utilized, shall be implemented by calibrating and applying valuation models as
follows:
a. Investigate and
qualify, with documented analysis, market data, which may include, but not be limited to:
1 Income, expenses, vacancy, and capitalization rates for residential
income, commercial, industrial and any other special use properties;
2. Property specific
characteristics;
3. Documented statistical
testing for the income valuation models to known sales of similar properties;
4. Valuation models consisting
of market data based upon:
(i)
Defined descriptions and specification based upon property type; and
(ii) Quality and size of the
improvements; and
5. Documentation of the
calibration of all income valuation tables and models;
(3) The market-sales comparison
approach, when utilized, shall be implemented by calibrating and applying
valuation models as follows:
a. The contractor shall
qualify, analyze, and use sales as direct units of comparison in the valuation
of residential, commercial, industrial and any other special use properties;
b. An investigation with
documented analysis of comparable sales;
c. Documentation of the
adjustments for specifics, which may include, but not be limited to:
1. Location;
2. Time;
3. Size;
4. Features; and
5. Condition;
d. Documentation on how the
adjustments were derived;
e. Documentation of final value
reconciliation; and
f. Documented calibration for
all of the sales comparison tables and models;
(d) In the utilization of the appraisal
approaches to valuation, the contractor shall make and document adjustments
made to properties for depreciation factors, which may include, but not be
limited to, physical, functional, and economic conditions;
(e) The contractor shall identify the utility and
special use properties within the municipality by:
(1) Providing documentation of
the methodology and analysis that was utilized by the contractor in the
establishment of the assessed value(s); and
(2) Indicating the properties
that were not part of the appraisal work performed under the revaluation
contract by:
a. Identification of the
property; and
b. Identification of the source
of the appraisal of the property for the revaluation;
(f) If required by the contract, the
contractor shall ensure that a final comprehensive review of the newly established
values shall be performed by a DRA-certified property assessor supervisor
utilizing a parcel by parcel field review of the entire municipality to:
(1) Ensure that all properties
are valued at their highest and best use and as applicable appraised
pursuant to RSA 75:1; and
(2) Identify and correct any mechanical errors, inconsistencies,
unusual features, or value influencing factors;
(g) The value notification and informal reviews
shall be completed as follows:
(1) The contractor shall provide
to the municipal assessing officials:
a. A list of the newly
established values for review;
b. A preliminary value analysis
with a copy delivered to DRA for review; and
c. The informal review schedule in advance for a BTLA ordered
revaluation and for all other revaluations if requested by the municipality;
(2) For a BTLA ordered
revaluation the contractor shall mail, first class, to all property owners, the
notification of the newly established value of their property by sending to the
property owner either of the following and, for all other revaluations as
requested by the municipality:
a. A list of all property
owners containing the newly established valuations of all properties within the
municipality, or
b. A letter to the owner stating
the newly established value of their property and whether the contractor has
either:
1. Published a list of all
property owners containing the newly established valuations for all properties
within the municipality in an identified newspaper of general circulation for
the entire municipality; or
2. Posted in 2 identified
public places within the municipality a list of all property owners and the
newly established values of the entire municipality;
(3) The notification of newly
established values shall contain the details of the informal review process,
instructions on scheduling an informal review, and the time frame in which
informal reviews shall be scheduled, if applicable;
(4) The notification of newly
established values shall contain instructions in regard to the appeal process
for abatements pursuant to RSA 76:16, RSA 76:16-a and RSA 76:17;
(5) After mailing or posting of
the notification of newly established values the contractor shall ensure that
an informal review of the newly established property values is provided to all
property owners who may, within the time prescribed by the contract, request
such a review;
(6) For all revaluations, not
withstanding Rev 602.05 (Disclosure), the contractor shall make available to
all property owners the property record card and market analysis related to
their newly established property value(s);
(7) For a BTLA ordered
revaluation, the contractor shall notify, by first class mail,
all property owners addressed during the informal reviews and indicate whether
or not a change in value resulted and the amount thereof and, for all other
revaluations as requested by the municipality; and
(8) For all revaluations, all
documentation utilized or obtained during the informal review process shall be
relinquished to the municipal assessing officials;
(h) Appraisal reporting and appraisal manuals
shall be completed as follows:
(1) The contractor shall
provide a USPAP compliant appraisal report in accordance with the ASB standards
and the report shall contain, at a minimum, the following:
a. A letter of transmittal to
include a signed and dated certification statement;
b. Sections detailing:
1. The scope of work;
2. The development of values;
3. Time trending analysis;
4. Land and neighborhood data;
5. Improved property data;
6. Statistical testing,
analysis, and quality control; and
7. The development of
approaches to value used in the revaluation of properties;
c. Appendices, which may
include, but not be limited to:
1. Work plan;
2. Neighborhood maps;
3. Names and levels of
DRA-certified individuals authoring or assisting with the development of the
USPAP compliant report;
4. CAMA system codes;
5. Identification and
description of zoning districts;
6. Qualified and unqualified
sale codes; and
7. Other useful definitions or
information; and
d. Instructions, or as a
separate document, adequate instructions for the municipal assessing officials
to:
1. Understand the valuation
methodologies employed;
2. Understand the market and
neighborhood adjustments; and
3. Understand the conclusions
of the appraisal report;
(2) The contractor shall
provide a USPAP compliant report to the municipal assessing officials, to be
retained by the municipal officials until the next revaluation, and a copy to
the DRA;
(3) The contractor shall
provide a data collection manual, to be included within the USPAP report or as
a separate document, which may include but not be limited to:
a. A list and description of
data elements being collected by the contractor, which may include, but not be
limited to:
1. Building characteristics;
2. Extra features;
3. Outbuildings;
4. Site improvements;
5. Site characteristics;
6. Road frontage;
7. Water frontage;
8. Water access;
9. Topography; and
10. View;
b. A glossary and a description
of all codes used within the data collection and on property record cards;
c. A description of all grading
factors utilized, which may include, but may not be limited to:
1. Condition factors;
2. Quality;
3. Depreciation;
4. Amenity values; and
5. Other factors or conditions;
and
d. A glossary and description
of the coding used for visitation history; and
(4) The contractor shall ensure
that the municipal assessing officials have:
a. A technical CAMA manual
detailing the CAMA system utilized; and
b. Been provided training in
the proper use of the CAMA system; and
(i) The defense of assessed values shall be
completed as follows:
(1) For a BTLA ordered
revaluation, the contractor shall, after the final property tax bills have been
mailed by the municipality, support and defend the values that were established
by the contractor for the year of the revaluation as follows:
a. At no additional cost to the
municipality, property tax appeals that are timely filed with the municipality
pursuant to RSA 76:16 shall have:
1. A review, by either a
DRA-certified property assessor or a DRA-certified property assessor supervisor;
and
2. The contractor’s written recommendation provided to the municipal
assessing officials for each property for which an appeal had been received;
b. The contractor shall provide
a qualified representative for the defense of property tax appeals that are
timely filed with the BTLA or superior court pursuant to RSA 76:16-a and RSA
76:17, whose compensation has been agreed upon by the parties to the contract
as stipulated in Rev 602.06 (b); and
c. The contractor shall support
and defend the values established by the contractor that may have been lowered
by the municipal assessing officials but shall not be required to
support or defend values that have been increased by the municipal assessing
officials;
(2) For all other revaluations the
contractor shall provide the procedure for handling and processing of an
application for abatement that is appealed to:
a. The municipal assessing
officials;
b. The BTLA; and
c. The superior court in the
county in which the property is located; and
(3) All documentation utilized
or obtained during the defense of assessed value process shall be relinquished
to the municipality.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 603.05 Full Revaluation and Full Statistical
Revaluation Municipal Responsibilities.
For a full revaluation and a full statistical revaluation the contract
shall specify the items that the municipality shall be
responsible to provide to the contractor, which may include, but not be limited
to:
(a)
A list of property within the municipality that is exempt from taxation;
(b)
Information pertaining to:
(1) The current ownership information for all
property;
(2) The physical location of all property;
(3) Property address changes within the
municipality;
(4) All property transfer information;
(5) Tax maps;
(6) Zoning maps;
(7) Plans;
(8) Building permits;
(9) Subdivisions;
(10) Boundary line adjustments and mergers; and
(11) Other information as specified by the
contractor for the services being provided; and
(c)
If requested, suitable office space and equipment, as specified by the
contractor, for the use of the contractor’s personnel in the performance of the
appraisal work.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
PART Rev 604 PARTIAL UPDATE CONTRACT REQUIREMENTS
Rev 604.01 Partial Update Contract Requirements. The contract shall contain the details of the
partial update appraisal work specified in Rev 604.02 through Rev 604.03 to be
met during the performance of the contract.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 604.02 Partial Update Contract Services. For a partial update contract the following
services shall be performed and provided by the contractor:
(a) Identification and documentation of affected
areas or classes of property:
(1) By completion of
statistical testing and ratio studies to determine the need for a reappraisal
of affected areas or of a class of property; or
(2) Pursuant to an order by the
BTLA for a partial update of an affected area or of a class of property;
(b) Property data shall be collected and
inspected as follows:
(1) The applicable property
data shall be collected and utilized in the partial update appraisal work as
identified in (a), above;
(2) All applicable land parcels
and any attributes that may affect the market value shall be
listed accurately, which may include, but not be limited to:
a. Number of acres;
b. Road frontage;
c. Water frontage;
d. Water access;
e. Views;
f. Topography;
g. Access;
h. Neighborhood;
i. Betterments;
j. Approvals;
k. Easements;
l. Deeded restrictions; and
m. Other factors that might affect the market value;
(3) For applicable improved properties, every
principal building(s), and any appurtenant building(s), or other
improvements, shall be accurately measured and listed to account for the
specific elements and details of
construction that may affect the market value, which may include, but
not be limited to:
a. The quality of construction;
b. The approximate age of the structure;
c. Depreciation factors;
d. Foundation type;
e. Basement area;
f. Insulation;
g. Roofing;
h. Exterior cover;
i. Flooring;
j. Interior finish;
k. Fireplaces;
l. Heating and air conditioning systems;
m. Solar collectors;
n. Plumbing and plumbing fixtures;
o. Electric service;
p. Story height;
q. The total number of rooms;
r. The total number of bathrooms;
s. The total number of bedrooms;
t. Sprinkler systems;
u. Elevators; and
v. Any other features, attributes, or factors
that might affect market value;
(4) The contractor shall provide in the contract the employee protocol
and procedure for inspection of the property as detailed in (10) below;
(5) When entrance to a building or a parcel of
land cannot be obtained as detailed in (10)
below, the contractor shall make:
a. A note of the date of the visit to the
property; and
b. A notation of the reason the inspection of
the property could not be obtained as detailed in (10) below;
(6) All partial update
contracts shall provide the procedure for inspection, call backs, and
notification;
(7) A BTLA ordered
partial update shall make an attempt to inspect the property, unless prohibited
pursuant to (10) below, and if the attempt is unsuccessful, the contractor
shall:
a. Make a note of the date of the visit to the
property;
b. Leave a notification card at the property
requesting that the property owner call the contractor’s designee, within a
stated time frame as agreed upon by the municipal assessing officials and the
contractor, to arrange for an interior inspection; or
c. Send a letter to the property owner
requesting that the property owner call the contractor’s designee, within a
stated time frame as agreed upon by the municipal assessing officials and the
contractor, to arrange for an interior inspection; and
d. Notify the municipal assessing officials that
the property was not accessed and that the contractor has not been contacted by
the property owner or occupant, within the prescribed time frame;
(8) For a BTLA ordered partial update, the
municipal assessing officials, when notified by the contractor pursuant to (4)
above:
a. May attempt to make arrangements with the owner
or occupant for an interior inspection of the property; and
b. Shall notify
the contractor within 10 working days of whether or not inspection arrangements
were made;
(9) If the contractor or the municipal assessing
officials are not able to arrange for an interior inspection, the contractor
shall:
a. Estimate the value of the improvements using
the best evidence available; and
b. Annotate the property record card
accordingly; and
(10) The contractor shall complete interior
inspection of all properties except:
a. Vacant or unoccupied structures;
b. Where multiple attempts for inspection have
been made without success and the owner or occupant has not responded to the
contractor or the municipal assessing officials’ notifications;
c. Where postings prevent access;
d. When the owner has refused access to the
contractor or designee;
e. Unsafe structures;
f. When inhabitants appear impaired, dangerous
or threatening; and
g. Any other reason for which the municipal assessing
officials agree that the property is inaccessible;
(c)
The contractor shall provide to the municipality a complete copy of the:
(1) Field data collection card(s);
(2) Worksheet(s); and
(3) Other document(s) used in the valuation
process;
(d)
For a BTLA ordered
partial update the contractor shall
provide monthly progress reports indicating the percentage of completion
of the partial update to the municipal assessing officials and the DRA, and all
other contracts shall specify the reporting requirements;
(e)
Property records shall be compiled for the affected property as
identified in 604.02 as follows:
(1) The contractor shall prepare an individual
property record for each separate parcel of property being appraised arranged to
show:
a. The owner's name, street number, map and lot
number, or other designation of the property;
b. The owner's mailing address;
c. All information necessary to derive and
understand:
1. The land value;
2. The number of acres of the parcel;
3. The land classification;
4. The adjustments made to land values;
5. The value of the improvements on the land;
6. The accurate description of all the
improvements whether affecting market value or not;
7. The improvement pricing details;
8. The allowances made for physical, functional
and economic depreciation factors;
9. The outline sketch of all principal
improvements with dimensions with the street side or waterfront toward the
bottom of the diagram;
10. The base valuation year; and
11. The print date of the property record;
d. The specific elements and details of
construction, which may include, but not be limited to, the items contained in
Rev 604.02 (b) (2) and (3);
e. Photograph(s) of the principal building, if
required by the contract;
f. History of the property transfer to include:
1. Date of sale;
2. Consideration amount;
3. Qualification code; and
4. Property type noted as either vacant or
improved;
g. A notation area to record comments pertaining
to the property; and
h. A notation area to record the history of the
property, which may include, but not be limited to:
1. Property inspection date;
2. Individual’s identification number or
initials associated with the inspection;
3. The extent of the inspection;
4. Reason of the inspection; and
5. Any value adjustment(s);
(f)
A statistical analysis and market analysis shall be completed as
follows:
(1) A DRA-certified property assessor supervisor shall
include the statistical analysis, or the BTLA order for a partial update, in
the market analysis documentation;
(2) A DRA-certified property assessor supervisor
shall conduct the partial update and market analysis;
(3) A DRA-certified property assessor assistant,
under the guidance of a DRA-certified property assessor or a DRA-certified
property assessor supervisor, may validate or invalidate sales for the market
analysis;
(4) The contract shall specify that the
municipality shall provide to the contractor a copy of all property transfers
for a minimum of 2 years immediately preceding the effective date of the
partial update;
(5) A market analysis shall be conducted by the
contractor using accepted mass appraisal methods in order to determine land,
improvements and any other contributory values or factors including:
a. A review of all property transfers provided
by the municipal assessing officials to the contractor;
b. An addendum for the existing base year market
analysis report containing a compilation of all unqualified property transfers
into a list containing:
1. The parcel map and lot number;
2. The disqualification code;
3. The date of sale; and
4. The sale price;
c. An addendum for the existing base year market
analysis report containing a compilation of all qualified property transfers
into a list including:
1. The parcel map and lot number;
2. The date of sale;
3. The sale price;
4. The newly established value;
5. If required by the contract, a photocopy or
printout of the property record card for each property transferred; and
6. If required by the contract, a photograph of
the principal improvements attached thereto;
d. An addendum for the existing base year market
analysis report containing the estimated land values for the affected property,
or classes of property, with the documented results, as follows:
1. Utilizing vacant land sales whenever
possible; and
2. In the absence of an adequate number of vacant
land sales, the land residual method or other recognized land valuation
methodologies shall be used to assist
in the determination of land unit values;
e. The indicated land values shall be documented
as:
1. Site;
2. Front or square foot;
3. Front acre;
4. Rear acre units; and/or,
5. Other appropriate units of comparison;
f. An addendum for the existing base year market
analysis report containing an analysis section for the affected property, or
classes of property, to include:
1. The sale price; and
2. Supporting adjustments made in sufficient
detail to be understood by the municipal assessing officials and taxpayers;
g. An addendum for the existing base year market
analysis report containing the market analysis used to indicate unit values for
the affected property, or classes of property, with the documentation of the
method(s) employed and any special adjustment factors; and
h. Tax maps
showing the locations of all qualified sales and the delineation of
neighborhoods for the affected property, or classes of property if required by
the contract;
(6) The addendum to the base year preliminary market
analysis for the partial update shall:
a. Be provided to the municipal assessing
officials and the DRA prior to the acceptance of the new values by the
municipal assessing officials;
b. Be printed in its final form and provided to
the municipal assessing officials and the DRA at the completion of the partial
update as part of the USPAP compliant report; and
c. Become property of the municipality;
(g) The valuation of the affected property, or
classes of property, for the partial update shall bring those properties to the
municipality’s general level of assessment based upon the existing base year
and data collection manual by utilizing recognized approaches to value, which
may include, but not be limited to:
(1) The cost approach, when utilized, shall be
implemented by calibrating and applying land valuation tables, building
valuation tables, and unit costs for the affected property, or classes of
property, reflective of the base year as follows:
a. Investigate, with
documented analysis, land values for residential, commercial, industrial and
any other special use properties in the area;
b. Documentation of the land valuation tables
and unit costs by including statistical testing to compare the calculated
preliminary land value to the sale properties to ensure accuracy before the
land valuation tables and unit costs are implemented for the affected property,
or classes of property;
c. Documentation for the development of the
units of comparison that shall be used for the base land prices for the
affected property, or classes of property, which may include, but not be limited
to:
1. Site;
2. Front foot;
3. Square foot;
4. Front acre;
5. Rear acre; and
6. Other appropriate units
of comparison;
d. Documentation for site specific
characteristic adjustments for the affected property or classes of property, which may include,
but not be limited to:
1. Topography;
2.
View;
3. Size;
4. Location; and
5. Access;
e. Documentation of the calibration of the land tables
for the affected property, or classes of property;
f. Investigate, with documented analysis, the
building costs of residential, commercial, industrial and any other special use
properties in the area;
g. Documentation of the testing of the contractor’s
building valuation tables and unit costs by comparing the calculated
preliminary building value to the sale properties, for which the building costs are known, to ensure accuracy before the
building valuation tables and unit costs are implemented for the affected
property, or classes of property;
h. In utilizing building costs as the basis of
appraisal for the affected property, or classes of property, the building cost
tables shall consist of unit prices based upon relevant factors, which may include,
but not be limited to:
1. Specifications for various types of
improvements;
2. The quality of construction;
3. The building customs and practices in the
municipality;
4. Various story heights and square foot areas adequate
for the valuation of all types of buildings or other improvements to the land;
5.
Tables for additions and deductions for variations from the base cost
specifications; and
6. Tables for depreciation based upon age and
condition of the improvements;
i. Documentation of the calibration of the
building cost tables and models for the affected property, or classes of
property;
(2) The income approach, when utilized, shall be
implemented by calibrating and applying the valuation models for the affected
property, or classes of property, reflective of the base year as follows:
a. Investigate and qualify, with documented
analysis, market data for the affected property, or classes of property, which may include,
but not be limited to:
1.
Income, expenses, vacancy and capitalization rates for residential income,
commercial, industrial and any other special use properties;
2. Property specific characteristics;
3. Documented statistical testing for the income
valuation models for the affected property, or classes of property to known
sales of similar properties;
4. Valuation models for the affected property,
or classes of property consisting of market data based upon:
(i) Defined
descriptions and specification based upon property type; and
(ii) Quality and size of the improvements; and
5. Documentation of the calibration of the
income valuation tables and models for the affected property, or classes of
property; and
(3) The market-sales comparison approach, when
utilized, shall be implemented by calibrating and applying valuation models for
the affected property, or classes of property, as follows:
a. The contractor shall qualify, analyze, and
use sales as direct units of comparison in the valuation of residential,
commercial, industrial and any other special use properties;
b. An investigation with documented analysis of
comparable sales for the affected property, or classes of property;
c. Documentation of the adjustments for
specifics for the affected property, or classes of property, which may include,
but not be limited to:
1. Location;
2. Time;
3. Size;
4. Features; and
5. Condition;
d. Documentation on how the adjustments for the
affected property, or classes of property were derived;
e. Documentation of final value reconciliation
for the affected property, or classes of property; and
f. Documented calibration for the sales
comparison tables and models for the
affected property, or classes of property.
(h) In the utilization of the appraisal
approaches to valuation, the contractor shall make and document adjustments
made to the affected property, or classes of property for depreciation factors,
which may include, but not be limited to, physical, functional, and economic
conditions;
(i) The contractor shall identify any affected
utility and special use properties within the partial update and shall:
(1) Provide full documentation of the methodology
and analysis that was utilized by the contractor in the
establishment of the assessed value(s) for the affected utility or special use
property; or
(2) Identify the source of the appraisal for the
affected utility or special use property for the partial update;
(j)
If required buy the contract, the contractor shall ensure that a final
comprehensive review of the newly established values for the affected property,
or classes of property shall be performed by a DRA-certified property assessor
supervisor utilizing a parcel by parcel field review of the properties to:
(1) Ensure that all affected properties are
valued at their highest and best use and as applicable appraised pursuant to
RSA 75:1;
(2) Ensure that all affected properties are at
the municipalities general level of assessment; and
(3)
Identify and correct any mechanical errors, inconsistencies, unusual features,
or value influencing factors;
(k) The value notification and informal reviews
shall be completed as follows:
(1) The contractor shall provide to the municipal
assessing officials:
a. A list of the newly established values for
review;
b. A preliminary value analysis with a copy
delivered to DRA for review; and
c. The informal review schedule in advance for a
BTLA ordered partial update and for all other partial updates if requested by
the municipality;
(2) For a BTLA ordered partial update the
contractor shall mail, first class, to all affected property owners, the
notification of the newly established value of their property by sending to the
property owner either of the following and for all other partial updates as
requested by the municipality:
a. A list of all property owners containing the
newly established valuations of all affected properties within the
municipality; or
b. A letter to the owner stating the newly
established value of their property and whether the contractor has either:
1. Published a list of all affected property
owners containing the newly established valuations for all affected properties
within the municipality in an identified newspaper of general circulation for
the entire municipality; or
2. Posted in 2 identified public places, a list
of all affected property owners and the newly established values for the
affected properties;
(3) The notification of newly established values
shall contain the details of the informal review process, instructions on
scheduling an informal review, and the time frame in which informal reviews
shall be scheduled, if applicable;
(4) The notification of newly established values
shall contain instructions in regard to the appeal process for abatements
pursuant to RSA 76:16, RSA 76:16-a and RSA 76:17;
(5) After the mailing or posting of the
notification of newly established values the contractor shall ensure that an
informal review of the newly established property values is provided to all
property owners who may, within the time prescribed by the contract, request
such a review;
(6) For
all partial updates, not withstanding Rev 602.05 (Disclosure), the contractor
shall make available to all affected property owners the property record card and market analysis related to their newly
established property value(s);
(7) For a BTLA ordered partial update as required
by the contract, the contractor shall notify, by first class mail, all property
owners addressed during the informal reviews and indicate whether or not a
change in value resulted and the amount thereof and, for all other partial
updates as requested by the municipality; and
(8) For partial updates, all documentation
utilized or obtained during the informal review process shall be relinquished
to the municipal assessing officials;
(l)
Appraisal reporting and manuals shall be completed as follows:
(1) The contractor shall provide a USPAP compliant
addendum to the existing base year USPAP appraisal report in accordance with
the ASB standards and the report shall
contain, at a minimum, the following:
a. A letter of transmittal to include a signed
and dated certification statement;
b. Sections detailing:
1. The scope of work;
2. The development of values;
3. Time trending analysis;
4. Land and neighborhood data, if applicable;
5. Improved property data, if applicable;
6. Statistical testing, analysis, and quality
control; and
7.
The development of approaches to value used in the valuation of the affected
properties;
c. Appendices, which may include, but not be
limited to:
1. Work plan;
2. Neighborhood maps, if applicable;
3. Names and levels of DRA-certified individuals
authoring or assisting with the development of the addendum to the base year
USPAP compliant report;
4. CAMA system codes;
5. Identification and description of zoning
districts, if applicable;
6. Qualified and unqualified sale codes; and
7. Other useful definitions or information; and
d. Instructions, or as a separate document,
adequate instructions for the municipal assessing officials to:
1. Understand the valuation methodologies
employed;
2. Understand the market and neighborhood
adjustments; and
3. Understand the conclusions of the appraisal
report;
(2) The contractor shall provide a USPAP
compliant addendum report to the municipal assessing officials, to be retained by
the municipal officials until the next revaluation, and a copy to the DRA;
(3) If applicable, the contractor shall provide a
data collection manual addendum, to be included within the USPAP report or as a
separate document, which may include but not be limited to:
a. A list and description of data elements being
collected by the contractor, which may include, but not be limited
to:
1. Building characteristics;
2. Extra features;
3. Outbuildings;
4. Site improvements;
5. Site characteristics;
6. Road frontage;
7. Water frontage;
8. Water access;
9. Topography; and
10. View;
b. A glossary and a description of all codes
used within the data collection and on property record cards;
c. A
description of all grading factors utilized,
which may include, but may not be limited to:
1. Condition factors;
2. Quality;
3. Depreciation;
4. Amenity values; and
5. Other factors or conditions;
d. A
glossary and description of the coding used for visitation history; and
(4) If applicable, the contractor shall ensure
that the municipal assessing officials have:
a. A
technical CAMA manual addendum detailing the CAMA system utilized; and
b. Been
provided training in the proper use of the CAMA system; and
(m)
The defense of assessed values shall be completed as follows:
(1) For a BTLA ordered partial update the
contractor shall, after the final property tax bills have been mailed by the
municipality, support and defend the affected property values that were
established by the contractor for the year of the partial update as follows:
a. At no additional cost to the municipality,
property tax appeals that are timely filed with the municipality pursuant to
RSA 76:16 shall have:
1. A review, by either a DRA-certified property
assessor or a DRA-certified property assessor supervisor; and
2. The contractor’s written recommendation
provided to the municipal assessing officials for each property for which an
appeal had been received;
b. The contractor shall provide a qualified
representative for the defense of property tax appeals that are timely filed
with the BTLA or superior court pursuant to RSA 76:16-a and RSA 76:17, whose
compensation has been agreed upon by the parties to the contract as stipulated
in Rev 602.06 (b); and
c. The contractor shall support and defend the
values established by the contractor that may have been lowered by the
municipal assessing officials but shall not be required to support or defend
values that have been increased by the municipal assessing officials;
(2) For all other partial updates, the contractor
shall provide the procedure for handling and processing of an application for
abatement that is appealed to:
a. The municipal assessing officials;
b. The BTLA; and
c. The superior court in the county in which the
property is located; and
(3) All documentation utilized or obtained during
the defense of assessed value process shall be relinquished to the
municipality.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 604.03 Partial Update Municipal Responsibilities. The partial update contact shall specify the
items that the municipality shall be responsible to provide to the contractor, which may include,
but not be limited to:
(a)
A list of the affected property within the municipality that are exempt
from taxation;
(b)
Affected property information pertaining to:
(1) The current ownership information for all
affected property;
(2) The physical location of all affected
property;
(3) Property address changes of affected property
within the municipality;
(4) All property transfer information;
(5) Tax maps;
(6) Zoning maps;
(7) Plans;
(8) Building permits;
(9) Subdivisions;
(10) Boundary line adjustments and mergers; and
(11) Other information as specified by the
contractor for the services being provided; and
(c)
If requested, suitable office space and equipment, as specified by the
contractor, for the use of the contractor’s personnel in the performance of the
appraisal work.
Source. (See Revision Note at chapter heading for Rev 600) #10581, eff 5-1-14
PART Rev 605 CYCLICAL REVALUATION CONTRACT REQUIREMENTS
Rev 605.01 Cyclical Revaluation Data Collection
Contract Requirements. The contract
shall contain the following details for the cyclical revaluation data collection
appraisal work specified in Rev 605.02 through Rev 605.04 to be met during the
performance of the contract.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 605.02 Cyclical Revaluation Data Collection
Contract Services. For cyclical
revaluation data collection appraisal work the following services shall be
performed and provided by the contractor:
(a)
The contract shall specify the time period in which the cyclical
revaluation data collection appraisal work shall be performed;
(b)
The contract shall specify the manner or percentage of property that
shall be measured and listed within the specified time period contained in (a)
above;
(c)
The contractor shall provide a data collection manual that shall be used
by the appraiser(s) for the cyclical revaluation data collection appraisal
work, which may include, but not be limited to:
(1) A list and description of data elements being
collected by the contractor, which may include, but not be limited
to:
a. Building characteristics;
b. Extra features;
c. Outbuildings;
d. Site improvements;
e. Site characteristics;
f. Road frontage;
g. Water frontage;
h. Water access;
i. Topography; and
j. View;
(2) A glossary and a description of all codes
used within the data collection and on property record cards;
(3) A description of all grading factors, which
may include, but not be limited to:
a. Condition factors;
b. Quality;
c. Depreciation;
d. Amenity values; and
e. Other factors or conditions; and
(4) A glossary and description of the coding used
for visitation history;
(d)
Property data shall be collected and inspected as follows:
(1) The property data shall be measured and
listed in accordance with the data collection manual;
(2) All land parcels and attributes that may
affect the market value shall be listed accurately, which may include, but not
be limited to:
a. Number of acres;
b. Road frontage;
c. Water frontage;
d. Water access;
e. Views;
f. Topography;
g. Access;
h. Neighborhood;
i. Betterments;
j. Approvals;
k. Easements;
l. Deeded restrictions; and
m. Other factors that might affect the market
value;
(3) Every principal
building(s), appurtenant building(s), or other improvements, shall be
accurately measured and listed to account for the specific elements and details
of construction that may affect the market value, which may include, but not
be limited to:
a. The quality of construction;
b. The approximate age of the structure;
c. Depreciation factors;
d. Foundation type;
e. Basement area;
f. Insulation;
g. Roofing;
h. Exterior cover;
i. Flooring;
j. Interior finish;
k. Fireplaces;
l. Heating and air conditioning systems;
m. Solar collectors;
n. Plumbing and plumbing fixtures;
o. Electric service;
p. Story height;
q. The total number of rooms;
r. The total number of bathrooms;
s. The total number of bedrooms;
t. Sprinkler systems;
u. Elevators; and
v. Any other features, attributes, or factors
that might affect market value;
(4) The contractor shall provide in the contract
the employee protocol and procedure for inspection of the property as detailed
in (7) below;
(5) When entrance to a building or a parcel of
land cannot be obtained as detailed in (7) below, the contractor shall make:
a. A note of the date of the visit to the
property;
b. A notation of
the reason the inspection of the property could not be obtained as described in
(7) below; and
c. An estimate of the value of the improvements
shall be made using the best evidence available with appropriate annotation on
the property record;
(6) All cyclical revaluation data collection
contracts shall provide the procedure for inspection, call backs, and
notification; and
(7) The contractor shall complete interior
inspection of all properties except:
a. Vacant or unoccupied structures;
b. Where multiple attempts for inspection have
been made without success and the owner or occupant has not responded to the
contractor or the municipal assessing officials’ notifications;
c. Where postings prevent access;
d. When the owner has refused access to the
contractor or designee;
e. Unsafe structures;
f. When inhabitants appear impaired, dangerous
or threatening; and
g. Any other reason for which the municipal
assessing officials agree that the property is inaccessible;
(e)
The contractor shall provide to the municipality a complete copy of the
work file, which may include, but not be limited to:
(1) Field data collection card(s);
(2) Worksheet(s); and
(3) Other document(s) used in the valuation
process;
(f)
The contractor shall update the existing assessment information to
correct errors or omissions pertaining to:
(1) Incorrect measurements; and
(2) Physical changes, which may include, but not
be limited to:
a. Additions;
b. Renovations;
c. Finished areas;
d. Structural alterations;
e. Outbuildings; or
f. Other site factors or improvements;
(g)
The contract shall specify the schedule in which the contractor shall provide
to the municipal assessing officials cyclical revaluation data collection
progress reports; and
(h)
Property records shall be compiled as follows:
(1) The contractor shall prepare an individual
property record for each separate parcel of property being measured and listed
arranged to show:
a. The owner's name, street number, map and lot
number, or other designation of the property;
b. The owner's mailing address;
c. All information necessary to derive and
understand:
1. The land value;
2. The number of acres of the parcel;
3. The land classification;
4. The adjustments made to land values;
5. The value of the improvements on the land;
6. The accurate description of all the
improvements whether affecting market value or not;
7. The improvement pricing details;
8. The allowances made for physical, functional
and economic depreciation factors;
9. The outline sketch of all principal
improvements with dimensions with the street side or waterfront toward the
bottom of the diagram;
10. The base valuation year; and
11. The print date of the property record;
d. The specific elements and details of
construction, which may include, but not be limited to, the items contained in
Rev 605.02 (d)(2) and (3);
e. Photograph(s) of the principal building , if
required by the contract;
f. History of the property transfer to include:
1. Date of sale;
2. Consideration amount;
3. Qualification code; and
4. Property type noted as either vacant or
improved;
g. A notation area to record comments pertaining
to the property; and
h. A notation area to record the history of the
property which may include, but not be limited to:
1. Property inspection date;
2. Individual’s identification number or
initials associated with the inspection;
3. The extent of the inspection;
4. Reason of the inspection; and
5. Any value
adjustment(s).
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 605.03 Cyclical Revaluation
Data Collection Municipal Responsibilities.
The cyclical revaluation data collection contract shall specify the
items that the municipality shall be responsible to provide to the contractor,
which may include, but not be limited to:
(a)
A list of property within the municipality that is exempt from taxation;
(b)
Information pertaining to:
(1) The ownership of all property;
(2) Sales and changes of address of property
within the municipality;
(3) Sales of property during the cyclical
revaluation data collection process;
(4) Tax maps;
(5) Zoning maps;
(6) Plans;
(7) Building permits;
(8) Subdivisions;
(9) Boundary line adjustments; and
(10) Other information as specified by the
contractor for the services being provided; and
(c)
If requested, suitable office space and equipment, as specified by the
contractor, for the use of the contractor’s personnel in the performance of the
appraisal work.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
Rev 605.04 Full Statistical Revaluation of the
Cyclical Inspection. The full
statistical revaluation of the cyclical inspection appraisal data shall be
performed as specified in Rev 602 and Rev 603.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
PART Rev 606 ASSESSING SERVICES CONTRACT REQUIREMENTS
Rev 606.01 Assessing Services Contract Requirements. Assessing services contracts shall specify
the work that shall be performed by the contractor for the municipality, which
may include, but not be limited to:
(a)
Measuring or listing of property as of April 1st of the tax year as a
result of:
(1) Pick-ups;
(2) Building permits for new construction;
(3) Newly modified construction;
(4) Ongoing construction;
(5) Demolition permits;
(6) Filing of inventories;
(7) Errors or omissions;
(8)
(9) Other applicable sources;
(b)
Changes to land as of April 1st of the tax year as a result of;
(1) Subdivision;
(2) Boundary line adjustment;
(3) Lot mergers;
(4) New surveys;
(5) Tax map changes;
(6) Zoning changes;
(7) Approvals;
(8) Development; or
(9) Betterments;
(c)
Current use administration such as:
(1) New or existing current use application
review to ensure:
a. Compliance with applicable laws and rules;
b. Proper identification of land not in current
use; and
c. Proper identification of current use land
categories;
(2) Assessment of current use land and not in
current use land; and
(3) Application of the equalization ratio to
current use land; and
(d)
Abatement Review, such as:
(1) Review of abatement requests on behalf of the
municipal assessing officials for:
a. Appeals to the municipal assessing officials
pursuant to RSA 76:16; or
b. Appeals to the BTLA or superior court
pursuant to RSA 76:16-a or RSA 76:17;
(2) Making an assessment recommendation to
municipal assessing officials; or
(3) Making changes to an assessment as requested
by the municipal assessing officials or as ordered by the BTLA or superior
court.
Source. (See Revision Note at chapter heading for Rev
600) #10581, eff 5-1-14
PART Rev 607 ASSESSING SERVICES INSURANCE AND BOND
REQUIREMENTS
Rev 607.01 Indemnification and Insurance.
(a)
A BTLA ordered revaluation or partial update contract shall contain
indemnification and insurance statements as follows:
"The
contractor agrees to defend and indemnify the municipality, with which it is
contracting, against claims for bodily injury, death and property damage which
arises in the course of the contractor’s performance of the contract and with
respect to which the municipality, with which it is contracting, shall be free
from negligence on the part of itself, its employees and agents;