3.2
3.1.3.1 | Contractor will provide opportunity for evening and weekend inspections.
3.1.4 The municipal assessing officials, when notified by Contractor pursuant to 3.1.3:
(1) May attempt to make arrangement with the owner or occupant for an interior inspection of the
property; and,
(2) Shall notify the contractor within 10 working days of whether mspection arrangements were made.
27,2
2.7.3
2.7.4
2.7.5
2.7.6
YearofWork % or#of Parcels Type of Work Annual Payment
2020 37% Measure/List $415,000
2021 32% Measure/List $365,000
2022 31% Measure/List & Cyclical Revaluation $345,000
The amount or terms of compensation to be paid by Municipality for assessing services to support and
defend assessments that are appealed to the BTLA or superior court, if not included in Section 3 of the
agreement, quoted on a hourly or daily basis plus expenses is: $125 hourly / $1,000per day.
(5) The DRA has completed its final monitoring report;
(6) Values established by Contractor have been defended through the municipal abatement process, as
described under RSA 76:16, for the year of the full statistical revaluation, and,
(7) All other terms of the contract have been satisfied.
2.4 Personnel
2.5
2.6
2.7
2.4.1
24.2
2.4.3
2.4.4
2.4.5
2.4.6
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.
a. The annual maintenance of assessments by using the base year data collection manual and USPAP-
compliant report; and
b. The use of the computer assisted mass appraisal system existing models and cost data established by a
DRA-certified property assessor supervisor during the year of the last revaluation for new appraisals;
(2} Perform abatement reviews and the defense of value under the supervision of a DRA-certified property
ASSeSSOT SUPETVISOT;
(3) Perform sale validation; and
report, and providing for statistical testing whether by either:
(a) A full revaluation; or,
(b) A full statistical revaluation.
The term includes “reappraisal,” “reassessment,” and “value anew.”
Rev 601.41 “Sale Validation” means the process of verifying a real estate sale transaction to determine whether the sale
was a valid or an invalid indicator of the market value of the sold property. The term includes “sale verification” and “sale
qualification.”
Rev 601.23 “Final Monitoring Report” means the DRA’s final letter to the municipality for any revaluation or partial
update.
Rev 601.24 “Full Revaluation” means the revaluation of all taxable and nontaxable properties in a municipality, with a
complete measure and listing of all taxable and nontaxable properties to occur at the same time of the establishment of the
new base year, to arrive at full and true value as of April 1. The term includes “full reappraisal” and “full reassessment.”
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.
CYCLICAL REVALUATION CONTRACT
BTLA REASSESSMENT ORDER
SUBJECT: “CYCLICAL REVALUATION” means the revaluation of all taxable and non-taxable properties in a Municipality,
combining a complete measure and listing of all taxable and nontaxable properties over time, excluding utilities except for
land, and updating an establishment of the new base year, to arrive at full and true value as of April 1.
State of New Hampshire
Department of Revenue Administration
109 Pleasant Street
PO Box 487, Concord, NH 03302-0487
Telephone (603) 236-5000
www. revenue.nh.gov
Lindsey M. Stepp MUNICIPAL AND PROPERTY
Commissioner DIVISION
Carallynn J. Lear sector
Assistant Commissioner February 7, 2020
Samuel T. Greene
Assistant Director
City of Nashua
Attn: Kim Kleiner, Administrative Services Director
229 Main Street
Nashua, NH 03061
Re: 2020-22 Cyclical Revaluation Contract
Dear Ms. Kleiner,
