What is your local Property Tax?
The property tax collected by the town based on your assessed valuation times the tax rate per thousand.
What is included in the town’s Tax Rate?
The tax rate set by the State of NH Department of Revenue each year includes the
- Town Municipal portion needed to operate the town based on the budget voted at annual town meeting.
- County portion needed to be collected to operate the county services based on their budget.
- School – state portion is determined by the state for adequate education
- School – local portion as determined to meet local school district budget needs.
How much of my tax goes to the town portion?
The current municipal portion is approximately 32% of the total tax collected by the town. The county portion is approximately 10% and the total school portion is approximately 58% of the taxes collected by the town.
What if I can’t sell my property for what it is assessed?
By the state constitution we now must reassess at least once every 5 years. In the interim years if the market goes up or down assessments do not change until the next town wide assessment.
Why do we need a revaluation?
As the market changes overtime there my be shifts in value of different types of property. An example of this is if land only parcels are in abundance and building is slow, land only values could go down at a different rate than developed properties. Waterfront may hold its values while non waterfront properties go up or down. Commercial or Condos can change at a different rate than residential. A revaluation adjusts for changes based on the sales that take place within the town. It makes assessments between properties more proportional.
When will values change again town wide?
We are scheduled to finalize the cyclical revaluation started in 2006 and change values again as of April 1, 2010.
Are assessments available on line?
Yes, the town contracts with the software company, Avitar, to have our assessment on line at www.avitarofneinc.com/logon.asp the user name and password for both is “public”.
If I feel my assessment is incorrect what should I do?
If you feel you are over assessed you may file an abatement application after you receive your final tax bill for the year, which is your fall bill. You have until March 1st to file with the assessors office. Abatements applications are available on line on this site.
I was told there is a tax relief program, can I apply?
A low and moderate income homeowner’s property tax relief program is available from the state portion of the school tax. Forms are available in the Assessing office around May 1st and must be filed with the state by June 30th
Are there other exemptions or credits I may qualify for?
The town accepts form PA-29, permanent application for property tax credits and exemptions due by April 15th each year. You may apply any time during the year after April 15th for the following year’s consideration. The Veteran’s credit is $500.00 off your total tax bill for qualifying veterans.($250.00 off each bill) The elderly exemption is given based on Income and asset qualifications. The town also has available exemptions for the Blind, Solar systems, and wind generation systems. Contact the assessing office for details.
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