Board Of Aldermen

Residential Style Summary

4/1/2020- 7/16/2021

Group Summary by Style 9/1/2021
; MANCHESTER, NH

Mixed Use 22% Modular Home 43%

Mobile Home 40%

Four to Eight Family 76%

Exempt 28%

Total 40%

Manchester NH 2021 Revaluation Summary of Values Conclusions

Vision Government Solutions has completed a preliminary valuation of all the properties in Manchester
NH for their 2021 Revaluation. A complete review and analysis of all properties was performed. This
included the updating of all construction costs, land values and income and capitalization rates for the
commercial properties.

Total Commercial/Industrial/Exempt 1,964
Improved Parcel Count |
Total Measures 1,901
Total Interior Inspections | 0
Total Percent Complete Measured 97%
Refusals to Date 3

Y The callback letter has been approved.

¥ Ward 1 residential class mailed 6/30/2021.

¥ Ward 2 residential class mailed 8/13/2021.

Ward 3 residential class appointments will be scheduled for December 2021.

Task 300/400

On Track: Residential valuation is scheduled to commence in 2022.

On Track: Preliminary analysis in 2022.

¥ Data Collection guidelines have been completed. Lister's information has been completed
and the police department has been informed of all aspects of the data collection phase
of the revaluation.

M

Data entry will be ongoing throughout the project, commencing after June 2020.
v¥ Usernames and passwords have been assigned and will have people associated with them
do the data entry.

v Daily communication with the Assessor's office is on-going concerning the progress of the
data collection as well as any issues to be addressed.

Project Status Report

City of Nashua NH Date: oO VISION

GOVERNMENT SOLUTIONS
INT o)¥/=11 1) of 2) am 4 Oa

CODE TASK

100 Bonding, Office Set-up, Project Set-up, Public Relations

200 Data Collection, Data Mailers, Building Permits, Sales Inspections, Quality
Control and Data Entry

300 Residential Valuation

400 Commercial/Industrial Valuation

500 Residential Field Review, Data Entry

600 Commercial/Industrial Field review, Income Production, Reconcile Cost, and
Income

700 Digital Imaging, Documentation

Nashua NH 2020/2022

Cyclical Revaluation

OVISION

GOVERNMENT SOLUTIONS

Final USPAP Compliant Appraisal Manual completed and turned over to DRA and

TIMELINE PROJECT TASK

March 2, 2020

Assessor's office - November/December 2022

Start-Up Meeting with Board of Assessor’s and DRA March

February 2020 Create Data Collection Guidelines
March 2020 - Data Collection at 28,559 Properties with Images
December 2021

July 2021 - May 6
2021

Callback Letters/Appointments

2021 - April 2022

Special Board of Aldermen 11-15-2021 Page 13

of revenue that needs to be raised and that's your tax rate. That's kind of simplifying the process but that's essentially
what it is.

Special Board of Aldermen 11-15-2021 Page 12
Alderwoman Lu

So just to clarify, | had asked whether you found many errors with the measure and the list and Miss Perry said well |
don't know what you would call a lot but | don't think there are a lot. | was just for the purpose of getting a useful answer,

| was just trying to say maybe you can tell me what percent of inspections that would be considered a high number to
find an error in. But it sounds as though are you hesitant to just close that loop for me?

June Perry

Special Board of Aldermen 11-15-2021 Page 11

Richard Vincent, Chief Assessor

So if you're looking at a shopping center where you don't care if Gamestop is in there and how much they're generating,
we want to know what the property itself will generate for rent for each store.

Alderwoman Lu
Thank you. Could | just ask two more questions?

President Wilshire

Yes.
Alderwoman Lu
Thank you. Has Vision found many errors in the measuring list?

Mike Tarello, Vice President