3.4
3.3.5
3.3.6
3.3.7
3.3.8
3.3.9
(6) An analysis section to include:
(a) The sale price; and,
(b) Supporting adjustments made in sufficient detail to be
understood by the municipal assessing officials and taxpayers;
(7) The market analysis used to indicate unit values with the
documentation of the method(s) employed and any special adjustment
factors; and,
(8) Tax Maps showing the locations of all qualified sales and the delineation
of neighborhoods.
The preliminary market analysis shall:
(1) Be provided to the municipal assessing officials and the DRA prior to the
acceptance of the new values by the municipal assessing officials;
(2) 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,
(3) Become property of Municipality and the DRA.
Company shall perform a parcel-by-parcel field review of One Hundred
percent (100%) of properties to be performed by a DRA-certified property
assessor assistant or higher. The purpose of this field review shall be to apply
the methodology established from the sales analysis to the non-sale
properties as well as to identify and correct any mechanical or data errors.
Company 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 review of the entire Municipality to:
(1) Ensure that all properties are valued at their highest and best use; and,
(2) Ensure that the methodology established from the sales analysis has
been consistently applied to all non-sale properties.
Any supporting documentation supplied, provided or utilized by Company in
the process of compiling the market analysis, such as but not limited to:
sales verification sheets; rental/expense statements and questionnaires;
Company cost estimates; sales listing sheets; final review notes; etc., shall be
relinquished to and become property of Municipality.
The Company shall update the existing digital image file by taking a new
photo for each improved property. The image shall be at least 6 megapixels
and shot from the street. Images will not be updated for any properties that
are posted “No Trespassing”.
Approaches to Value
3.4.1
The valuation of property for the revaluation shall be completed by utilizing
recognized approaches to value, which may include, but not be limited to:
12 City of Nashua, NH
Full Statistical Revaluation Contract
