Laurie A. Ortolano Trust v. City of Nashua
Docket Nos.: 29472-18PT/29699-19PT
Page 14 of 18
3. The Property was assessed for $681,900 for tax year 2018.
Granted.
4, Taxpayer filed an abatement for tax year 2018.
Granted.
5. The City’s Board of Assessors granted an abatement and revised the Property’ tax year
assessment to $651,900.
Granted.
6. The equalization median ratio for tax year 2018 in the City was 94.8%.
Granted.
7. Based on the 2018 median ration [sic] of 94.8%, the indicated market value of the
revised assessment for the Property for tax year 2018 was $687,658 ($651,900 / .948).
Granted.
8. The tax rate for tax year 2018 was $21.21.
Neither granted nor denied.
9. The City’s expert report prepared by Vern J. Gardner, Jr. MAI, SRA, estimates a market
value of $750,000 as of April 1, 2018.
Granted.
10.‘ In determining the market value of property, the New Hampshire Supreme Court has
repeatedly found that the purchase price is the best indicator of fair market value. See Appeal of
Lakeshore Estates, 130 N.H. 504, 508 (1988); see also Berthiaume v. City of Nashua, 118 N.H.
646 (1978) and Porrvu v. City of Nashua, 118 N.H. 632 (1978).
Neither granted nor denied.
