Laurie A. Ortolano Trust v. City of Nashua
Docket Nos.: 29472-18PT/29699-19PT
Page 17 of 18
8. 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.
9. The Property was listed for $799,999 on June 4, 2013. See Exhibit A, MLS listing.
Granted.
10. | The Taxpayer purchased the Property on January 3, 2014 for $725,000.
Granted.
11. Taxpayers presented no credible evidence that its purchase price of the Property was not
indicative of fair market value. See Society Hill at Merrimack Condominium Assoc, v. Town of
Merrimack, 139 N.H. 253, 255-256 (1994).
Denied.
12. The single-family housing market in Nashua was rising from mid-2013 through at least
2019.
Neither granted nor denied.
13. Taxpayers has not claimed economic hardship or an inability to pay and has not filed for
a tax deferment or any exemption.
Granted.
14. RSA 76:16, I(a) requires Taxpayer show “good cause” for abatement and “good cause” is
not boundless. See Barksdale v. Town of Epsom, 136 N.H. 511, 515 (1992).
Granted.
