2.2
2.3
Assessment of all Property
2.2.1 This cyclical revaluation shall commence in tax year 2020 and be completed in 2022 when a full statistical
revaluation analysis shail be conducted to bring values to 100% of market value.
2.2.2. Contractor shall measure and list all taxable property (RSA 72:6) within Municipality in a good and
workmanlike manner in accordance with RSA 75:1.
2.2.3 Contractor shall measure and list ail tax exempt and non-taxable property (RSA 74:2) within the taxing
jurisdiction of Municipality in the same manner as taxable property.
2.2.4 Contractor shall measure, list and verify all sales used to determine benchmarks for the revaluation.
2.2.5 The contractor shall update the existing assessment information to correct errors or omissions pertaining to:
(1) Incorrect measurements; and
(2) Physical changes, which may include, but not be limited to:
Additions;
Renovations;
Finished areas;
Structural alterations;
Outbuildings; or
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Other site factors or improvements;
2.2.6 Contractor shall measure and list all new construction brought to their attention by Municipality via
building permits, inventories and any other source.
2.2.7 Contractor shall utilize Municipality’s Patriot AssessPro CAMA System to appraise properties.
Completion of Work
2.3.1 Contractor shall complete all work and deliver the same in final form to the municipal assessing officials on
or before September 1, 2022 to allow for quality control prior final submission.
2.3.2 Liquidated damages of $1,100 per day shall be paid by Contractor for each day required beyond the above
stated completion date for delays caused by Contractor.
2.3.3 Contractor shall provide Municipality a list of all products to be delivered and dates of delivery thereof. The
products include:
(1} Property record cards in hard copy, electronic or both formats;
(2) The USPAP Compliant Appraisal Report;
(3) The Data Collection Manual;
(4) The CAMA System Manual; and,
(5) Any other products as deemed necessary by the municipal assessing officials (as described in Section
3).
2.3.4 The cyclical revaluation shall be considered satisfied and in its final form only when:
(1) The informal review of assessments has been completed as described in Section 3.6;
(2) Any required value adjustments are made;
(3) The final values are submitted to and accepted by the municipal assessing officials;
(4) All products required by the contract are delivered to Municipality and the DRA;
