PART Rev 601 DEFINITIONS
Rey 601.01 “Abatement Review” means to make an assessment recommendation to the municipal assessing officials or to
make a change to an assessment that is in response to an abatement request from a taxpayer.
Rev 601.02 “Appraisal” means the act or process of developing a market value estimate of property which will be used as
the basis for valuation, fulfilling a municipality’s statutory duties relative to property tax administration including, but not
limited to those pursuant to RSA 75:1.
Rev 601.05 “Assessing Services” means the making of appraisals, reappraisals, assessments, or providing other services
on behalf of municipal assessing officials for the statutory administration of property valuation and assessment including,
but not limited to those pursuant fo RSA 75:1.
Rev 601.06 “Assessing Standards Board (ASB)” means the State of New Hampshire assessing standards board as
established pursuant to RSA 21-J:14-a.
Rev 601.07 “Assessment” means an estimate of the quality, amount, size, features, or worth of real estate which is used as
a basis for a municipalities’ valuation in accordance with statutory requirements including, but not limited to those pursuant
to RSA 75:1.
Rev 601.08 “Base Year” means the tax year in which the municipality performed a revaluation of all properties.
Rev 601.09 “BTLA Reassessment” means an order by the State of New Hampshire board of tax and land appeals for a
revaluation or partial update of a municipality’s property assessments.
Rey 601.10 “Calibration” means the process of ensuring the predictive accuracy of the CAMA model(s), through testing,
which may include but not be limited to; determining the variable rates and adjustments from market analysis for land and
land factors, costs and depreciation for a cost model, valuation rates and adjustments for a sales comparison model, and
market rents and capitalization rates for an income model.
Rey 601.11 “Computer Assisted Mass Appraisal System (CAMA)” means a system of appraising property that
incorporates computer-supported tables, automated valuation models and statistical analysis to assist the appraiser in
estimating value for a revaluation, assessment data maintenance and valuation update.
Rev 601.13 “Contract” means any agreement between the municipality and the contractor for making appraisals,
reappraisals, assessments, or for appraisal work on behalf of a municipality with the State of New Hampshire.
Rev 601.14 “Contracter” means the person, firm, company, or corporation with which the municipality has executed a
contract or agreement for assessing services.
Rev 601.15 “Cyclical Inspection” means the process of a systematic measure and listing of all properties within a
municipality over a specified period of time, The term includes “data collection” and “data verification.”
Rev 601.16 “Cyclical Revaluation” means the process of combining a full statistical revaluation of the entire municipality
with a cyclical inspection process.
Rev 601.17 “Data Collection” means the inspection, measuring, or listing of property within a municipality. The term
includes data verification.
Rev 601.20 “DRA-certified” means a level of certification attained by a person as set forth by the ASB in Asb 300
pursuant to RSA 21-J:14-£
Rev 601,22 “Executed” means to transact, agree to, carry into effect, sign or act upon a contract or agreement to perform
assessing services for a municipality. The term includes “executing.”
