State of New Hampshire
Department of Revenue Administration
109 Pleasant Street
PO Box 487, Concord, NH 03302-0487
Telephone (603) 230-5000
Lindsey M. Stepp www.revenue.nh.gov MUNICIPAL & PROPERTY
Commissioner DIVISION
James P. Gerry
Carollyn J. Lear Director
Assistant Commissioner
Samuel T. Greene
Assistant Director
Mar 18, 2022
CITY OF NASHUA
ASSESSING OFFICE
229 MAIN STREET
NASHUA, NH 03061
Dear Selectmen/Assessing Officials,
The Department of Revenue Administration is charged with the responsibility of annually equalizing the local assessed
valuation of municipalities and unincorporated places throughout the state. The Department has conducted a sales-
assessment ratio study using market sales, which have taken place in Nashua between October 1, 2020 and September 30,
2021. Based on this information, we have determined the average level of assessment of land, buildings and manufactured
housing as of April 1, 2021.
Based on the enclosed survey, we have determined a median ratio for the land, buildings and manufactured housing in
Nashua for Tax Year 2021 to be 71.9%. The median ratio is the generally preferred measure of central tendency for
assessment equity, monitoring appraisal performance, and determining reappraisal priorities, or evaluating the need for
reappraisal. The median ratio, therefore, should be the ratio used to modify the market value of properties under review for
abatement to adjust them in accordance with the overall ratio of all properties in Nashua.
We have also determined the overall equalization assessment - sales ratio for the land, buildings, utilities, and manufactured
housing in Nashua for Tax Year 2021 to be 69.0%. This ratio will be used to equalize the modified local assessed valuation
for all land, buildings, utilities, and manufactured housing in Nashua.
In an effort to provide municipalities with more detailed information regarding their level of assessment {i.e. equalization ratio)
and dispersion {i.e. coefficient of dispersion and price-related differential}, we have prepared separate analysis sheets for
various property types (stratum). See attached summary sheet showing Nashua's stratified figures and a further explanation
of the DRA’s stratified analysis.
pase review the lis sales used in determining your assessment-sales ra a e 2 be
if you would like to meet with to discuss this ratio or an rna odology as outlined In th
ation sh lease contact me immediately.
o
You will be notified of Nashua's total equalized valuation when the Department has completed its process of calculating the
total equalized valuation.
Ins y
we C Sewn
Linda Kennedy James Gerry
Supervisor Municipal and Property Director
TOD Access: Relay NH 1-800-735-2964
individuals who need auniliary aids for effective communication in programs and services of the
Department of Revenue Administration are invited to make their needs and preferences known to the Department.
