CHAPTER Rev 2800 EQUALIZATION OF ASSESSMENT FOR EACH TOWN,
CITY, AND UNINCORPORATED PLACE WITHIN THE STATE
PART Rev 2801 DEFINITIONS
Rev
2801.01 “Assessing officials” means:
(a) Governing
body of a municipality;
(b) Assessors
of a municipality; or
(c) County
commissioners of an unincorporated place.
Source. #8258, eff
1-15-05; ss by #10277, eff 2-22-13; ss by #13488, eff 11-15-22
Rev 2801.02
“Department” means the department of revenue administration.
Source. #8258, eff
1-15-05; ss by #10277, eff 2-22-13; ss by #13488, eff 11-15-22
Rev
2801.03 “Equalization” means the process by which adjustments are
made to each municipality’s locally assessed values to calculate the estimated
market value of the municipality.
Source. #8258, eff 1-15-05;
ss by #8816, eff 2-6-07; ss by #10277, eff 2-22-13 (from Rev 2801.02); ss by
#13488, eff 11-15-22
Rev
2801.04 “Manual” means sections 1, 3,
and 8 of the most recently adopted New Hampshire equalization manual
as approved by the New Hampshire assessing standards board.
Source. #8258, eff
1-15-05; ss by #10277, eff 2-22-13 (from Rev 2801.03); ss by #13488, eff
11-15-22
Rev
2801.05 “Multi-modal” means 2 or more
different classes or strata of properties assessed at statistically different
ratios.
Source. #8258, eff
1-15-05; ss by #10277, eff 2-22-13 (from Rev 2801.04); ss by #13488, eff
11-15-22
Rev
2801.06 “Municipality” means a city,
town, or unincorporated place.
Source. #10277, eff
2-22-13 (from Rev 2801.05); ss by #13488, eff 11-15-22
Rev
2802.01 Equalization Manual.
(a) In addition to the requirements of RSA
21-J:9-a, the department shall annually determine the total equalized valuation
of properties in the cities and towns and unincorporated places in accordance
with sections 1, 3, and 8 of the manual.
(b) The manual shall be available upon request at
no cost by:
(1) Accessing
the web at www.revenue.nh.gov;
(2) Calling
(603) 230-5950; or
(3) Writing to:
Assessing Standards Board Clerk
New Hampshire Department of Revenue Administration
PO Box 487
109 Pleasant Street
Concord, NH 03301-0487
Source. #8258, eff
1-15-05; ss by #8816, eff 2-6-07; ss by #10277, eff 2-22-13; ss by #13488, eff
11-15-22
PART Rev 2803 DETERMINING THE AVERAGE LEVEL OF ASSESSMENT
FOR EACH TOWN, CITY, AND UNINCORPORATED PLACE WITHIN THE STATE
Rev
2803.01 Municipal Assessment Data.
(a) Assessing officials shall submit municipal
assessment data to the department as part of a sales assessment ratio study
used in the equalization process.
(b) Assessing officials shall verify and provide
the following municipal assessing data:
(1) The
previous tax year’s assessment before applying exemptions or credits;
(2) The current
tax year’s assessment before applying exemptions or credits;
(3) A statement
explaining the change if there is a difference between the prior and current
tax year's assessments;
(4) Comments
verifying, amending, and adding to the sales information that may affect the
inclusion or exclusion of the sale; and
(5) Information
the assessing officials have knowledge of which would indicate that the sale or
transfer might not reflect an arms-length transaction as listed in section 3.05.02
(b) of the manual.
(c) Within 45 days of notification by the
department, assessing officials shall:
(1) Electronically
file municipal assessment data with the department in a format compatible with
the department’s electronic system; and
(2) Certify
that the municipal assessment data certificate is complete and accurate to the
best of their knowledge by mailing or
delivering the certificate to:
New Hampshire Department of Revenue Administration
Equalization Bureau
PO Box 487
109 Pleasant Street
Concord, NH 03301-0487.
Source. #8258, eff
1-15-05; ss by #10277, eff 2-22-13; ss by #13488, eff 11-15-22
Rev 2803.02 Form
PA-34, Inventory
of Property Transfer.
(a) The department shall use Form PA-34 to verify the
municipal assessment data.
(b) Every buyer, purchaser, grantee, assignee, or
transferee shall file Form PA-34 with the department no later than 30 days from the
following, whichever is later:
(1) The recording date of the deed at the registry
of deeds; or
(2) The date of the transfer.
(c) The Form PA-34 shall be:
(1) Filed electronically through the Granite Tax Connect web portal
located at www.revenue.nh.gov/gtc; or
(2) Mailed
or delivered to:
New Hampshire Department of Revenue
Administration
Equalization Bureau
PO Box 1313
109 Pleasant Street
Concord, New Hampshire
03301-1313.
(d) A copy of completed Form PA-34 shall be filed
with the municipality no later than 30 days from the following, whichever is
later:
(1) The recording
date of the deed at the registry of deeds; or
(2) The date of
the transfer.
Source. #8258, eff
1-15-05; ss by #10277, eff 2-22-13; ss by #13488, eff 11-15-22
Rev
2803.03 Equalization Ratio.
(a) The department shall use the weighted
mean ratio to adjust a municipality’s modified assessed valuation.
(b) The department shall use the weighted
mean ratio calculated to one tenth of one percent.
(c) If the weighted mean ratio does not
accurately represent a municipality’s level of assessment, the department
shall determine an alternate ratio in accordance with the manual.
(d) The criteria for an alternate ratio in (c)
above shall be:
(1) The sample
of sales does not contain the minimum of 20 valid sales;
(2) An
unexplained increase or decrease in the ratio that is more than 10% different
than the increases or decreases of the ratios in any of the surrounding
municipalities;
(3) An
unexplained increase or decrease in the ratio that is more than 10% different
than the increases or decreases of the ratios in any other municipalities
within the same cooperative or regional school district;
(4) Supplemental
data and information provided by the municipality shows that the sample of sales
of properties is generally not reflective of the property comprising the
municipality’s valuation base;
(5) Data and
information provided by the municipality shows the weighted mean ratio is unduly
affected by multi-modal assessments in the municipality;
(6) A
municipality requests, prior to the calculation of the total equalized
valuation, separate assessment ratios by stratum provided that the strata:
a. Contain at
least 20 valid sales; and
b. Have a confidence interval, calculated with a 90%
confidence level, that is wholly outside the confidence level of other strata;
(7) For (5) and
(6) above, the municipality shall have provided accurate assessed value information
consistent with the strata category used for the application of separate
assessment ratios; and
(8) In applying
the separate ratios, a single, weighted overall ratio for the municipality
shall be based upon the separate ratios and the total assessed valuation of
each strata to adjust:
a. Payments-in-lieu-of
taxes, including renewable generation facility property subject to a
payment in lieu of taxes agreement under RSA 72:74.
b. Railroad tax
monies;
c. Shared
revenues;
d. Current use values
for a municipality’s equalization ratio; and
e Compute the
municipality’s total equalized evaluation, where applicable.
Source. #8258, eff
1-15-05; ss by #10277, eff 2-22-13; amd by #10815, eff 4-22-15; ss by #13488,
eff 11-15-22
Rev
2803.04 Revised Ratio Studies.
(a) The department shall revise a municipality’s
ratio study if new or revised information is presented prior to the expiration
of the appeal period pursuant to RSA 71-B:5, II.
(b) Revisions shall include, but are not limited
to:
(1) Correcting assessment errors;
(2) Considering
new verified information;
(3) Correcting a sale’s property code; or
(4) Reviewing the representativeness of the
sampling.
Source. #8258, eff
1-15-05; ss by #10277, eff 2-22-13; ss by #13488, eff 11-15-22
PART Rev 2804 APPEALS
Rev
2804.01 Appeals.
(a) Assessing officials may contact the
department prior to the calculation of the total equalized valuation for:
(1) Revisions
as stated in Rev 2803.04 (b); or
(2) Consideration
of an alternate ratio methodology as stated in 3.11 of the manual.
(b) A municipality may appeal the total equalized
valuations calculated by the department at the conclusion of the equalization
process to the board of tax and land appeals in accordance with RSA 71-B:5,
II.
Source. #8258, eff
1-15-05; ss by #8816, eff 2-6-07; ss by #10277, eff 2-22-13 (formerly Rev
2805.01); ss by #13488, eff 11-15-22
APPENDIX
RULE |
STATUTE IMPLEMENTED |
|
|
Rev 2801.01 - Rev 2801.06 |
RSA 21-J:13, IX |
Rev 2802.01 - Rev 2804.02 |
RSA 21-J:13, IX |
Rev 2803.01 - Rev 2803.04 |
RSA 21-J:13, IX; RSA 74:18 |
Rev 2804.01 |
RSA 21-J:13 IX, RSA 71-B:5 II |