STATE OF NEW HAMPSHIRE
City of Nashua
Application for Abatement of Taxes
Pursuant to New Hampshire RSA 76:16
To the Board of Aldermen:
Pursuant to New Hampshire RSA 76:16, Public Service Company of New Hampshire, doing
business as Eversource Energy, a New Hampshire corporation with a principal place of business at
780 North Commercial Street, Manchester, New Hampshire 03101 (hereinafter “PSNH”), applies for
abatement of taxes as follows:
(1) PSNH was, on April 1, 2017, the owner of certain transmission and/or distribution assets and
other property, as described on the attached schedule, located in Nashua, and was liable to pay not more
than a just and proportionate tax on its taxable property in Nashua.
(2) PSNH duly complied with all the requirements of New Hampshire RSA Chapter 74 with
respect to its 2017 property taxes in Nashua.
(3) Nashua, by its Assessor, appraised PSNH’s property for the purposes of ad valorem taxes as
of April 1, 2017, in the aggregate sum of $100,230,404 and assessed against PSNH a tax upon its said
property aggregating $2,329,404 and notified PSNH of said tax. PSNH paid said tax in full by
delivering to Nashua’s Collector of Taxes checks totaling $2,329,404.
(4) Said appraisal of $100,230,404 is in excess of a just and proportionate valuation of PSNH’s
taxable property in Nashua; the said tax assessed thereon is illegal, excessive in amount,
disproportionate and unjust; and therefore, PSNH maintains that just cause exists for the abatement of a
portion of the taxes assessed against its property as of April 1, 2017. PSNH is requesting abatement of
the taxes assessed against all of the properties listed on the attached schedule of its assessed properties in
Nashua.
(5) In support of its abatement request, PSNH submits that:
(a) The City’s assessment substantially exceeds the fair market value of PSNH’s taxable
property in Nashua.
(b) The City’s assessment of PSNH’s taxable property in Nashua does not adequately and
fairly reflect the impact of continued economic regulation on the value of such property.
(6) Among other things, PSNH submits that the following evidence demonstrates that the City’s
assessment is excessive and disproportional and does not reflect the fair market value of its real estate.
(a) Pursuant to RSA 83-F, the New Hampshire Department of Revenue Administration
(“DRA”) annually conducts an appraisal to determine the market value of PSNH and allocates
the aggregate value to all communities served by PSNH. In doing its appraisals, the DRA
employs generally accepted appraisal techniques and methodology and utilizes the same standard