Agenda

3.5

3.6

(b)
(c)

(d)

(e)
(f)

3.4.2

3.4.3

Cost Approach:

(1) The cost approach, when utilized, shall be implemented by calibrating
and appiying iand vaiuation tabies, building vaiuation tabies and unit
costs as follows:

(a) Investigate, with documented analysis, land values for
residential, commercial, industrial and any other special use
properties in the area;

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:

3.3

Market Analysis
3.3.1 A DRA-certified property assessor supervisor shall conduct the full statistical
revaiuation market anaiysis.

3.3.2. A DRA-certified property assessor assistant, under the guidance of a DRA-
certified property assessor or a DRA-certified property assessor supervisor,
may validate or invalidate sales for the market analysis.

3.3.3

3.3.4

3.2

3.1.7

3.1.8

Company shall provide to Municipality a complete copy of the field data
collection cards, worksheets and other documents used in the valuation
process.

Company shall provide monthly progress reports indicating the percentage
of completion of the full statistical revaluation to the municipal assessing
officials.

Property Record Cards

3.2.1

3.1.2

3.1.3

3.1.4

3.1.5

3.1.6

between April 1, 2016 and March 31, 2018 to verify existing data and
conditions of the sale. Company shall visit each Residential property that
soid between April i, 2017 and March 31, 2018 to verify existing data and
conditions of the sale.

2.6 Confidentiality

2.6.1

Company, municipal assessing officials or municipal employees shall not
disciose any preiiminary values to anyone or permit anyone to use or access
any data on file during the course of the revaluation project, except the
municipal assessing officials and the Commissioner of the DRA, or their
respective designees, until the values have been submitted to the municipal
assessing officials and made public.

2.7 Compensation and Terms

2.7.1

2.7.2

2.7.3

Cost:

2.7.4

2.7.5

2.4

2.3.4

officials (as described in Section 3).

The revaiuation shall be considered satisfied and in its final form only when:

(1) The final values are submitted to and accepted by the municipal
assessing officials;

(2) All products required by the contract are delivered to Municipality and
the DRA;

(3) The DRA has completed its final monitoring report;

(4) All other terms of the contract have been satisfied.

Personnel

2.4.1

2.4.2

2.4.3

2.4.4

2.4.5

2.4.6

(f) Supervise informal reviews of property assessments with the property owner;

(g) Oversee any revaluation by assisting the municipality to ensure the revaluation is performed in
accordance with state laws and ruies;

(h) Assist the municipality to ensure that compliance with the contract is adhered to; and,

(i) Submit a signed and dated statement to the DRA attesting to the qualifications at all levels of
certification to be true, accurate and correct.

2. RESPONSIBILITIES AND SERVICES TO BE PERFORMED BY COMPANY

Uniform Standards of Professional Appraisal Practice (USPAP) means the generally accepted and
recognized standards of appraisal practice printed by The Appraisal Foundation as authorized by
Congress as the source of appraisal standards and appraiser qualifications. Rev 601.44

USPAP Compliant Report means an appraisal report based upon the standards established by the
ASB pursuant to RSA 21-J:14-b I, (c.) Rev 601.45

DUTIES OF:

DRA-Certified Building Measurer and Lister Duties Asb 304.01