Skip to main content

Main navigation

  • Documents
  • Search

User account menu

  • Log in
Home
Nashua City Data

Breadcrumb

  1. Home
  2. Finance Committee - Agenda - 2/19/2020 - P34

Finance Committee - Agenda - 2/19/2020 - P34

By dnadmin on Mon, 11/07/2022 - 13:33
Document Date
Fri, 02/14/2020 - 12:40
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 02/19/2020 - 00:00
Page Number
34
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__021920…

a. Areview, by either a DRA-certified property assessor or a DRA-certified property assessor
supervisor; and,

b. The Contractor’s written recommendation provided to the municipal assessing officials which an
abatement request had been received.

3.8.2 Contractor shall provide a qualified representative for the defense of property tax abatement appeals that are
timely filed with the Board of Tax and Land Appeals (BTLA) or Superior Court pursuant to RSA 76:16-a
and RSA 76:17, whose compensation has been agreed upon by the parties to the contract as stipulated in

3.8.3

3.8.4

3.9

Section 2.7; and,

Appeals to the BTLA or Superior Court:

(1} For the rate set forth in Section 2.7.2, Contractor will support and defend values established by
Contractor that may have been lowered by municipal assessing officials but shall not be required to
support or defend values that have been increased by the municipal assessing officials.

All documentation utilized or obtained during the defense of assessed value process shall be relinquished to

Municipality.

Additional Contractor Scope of Work from Municipality RFP

3.9.1 Contractor shall

(a)
(b)
(3)
(d)
{e)
(D
(g)
(h)
(i)
@)
(k)
)
(m)
(n)
(0)
(p)

(q)

participate in a start-up meeting with the Municipality and DRA.

make callbacks to maximize the entry rate for property inspections.

update images for each property.

complete data entry at every stage of the project.

analyze all Residential qualified sales for a period of one year prior to the assessment
date of April 1, 2022.

analyze all Commercial/Industrial/Apartment qualified sales for a period of two years
prior to the assessment date of April 1, 2022.

complete an analysis of all retumed Income and Expense Statements and input data to
create market rents, expenses and vacancies.

update all land, building and depreciation tables as required by sales analysis, Income
and Expense Surveys and the Marshall & Swift cost manuals.

generate cap rates using the latest publication of investor surveys and those extracted
directly from the market.

reconcile cost and income values to within 10% of each other.

Field review all properties in the field.

update the use of the effective year built consistently throughout the Municipality.
submit all final values to the municipal assessing officials for review.

post all values on Contractor website, on the City of Nashua website and on one
additional public place to be determined by the Municipality.

work closely with the Municipality at all stages of the update to ensure a successful
project.

Mail notices and conduct informal hearings for Municipality taxpayers to discuss their
assessment.

Work closely with the Municipality at all stages of the update to ensure a successful
project.

3.9.2 Contractor shall furnish all Iabor, materials, supplies and equipment, and will perform all work
for the project in strict accordance with the contract specifications and should be in compliance
with the State of New Hampshire Department of Revenue Administration Administrative Rules
governing revaluations and any relevant applicable mules and standards as adopted by the
Assessing Standards Board.

3.9.3 Contractor field personnel should carry suitable [ID cards, which should include an up-to-date
photograph, supplied by the Contractor and signed by the Municipality.

15

Page Image
Finance Committee - Agenda - 2/19/2020 - P34

Footer menu

  • Contact