2022 Revaluation

Nashua's Assessing Department has contracted with Vision Government Solutions. Each VGSI employee will be wearing an identification badge and driving a marked vehicle. Nashua Police also have vehicle makes, models, and registration numbers, as well as, the names of each contractor. Do not hesitate to call Police 603-594-3500 or Assessing 603-589-3040 with concerns.

Valuation Update: Final 2022 Assessed Values Available 
The values here reflect the Final 2022 Assessed Values.

Some of the most frequent questions the City has been receiving regarding the revaluation are:

What is a revaluation?

A revaluation is the process of conducting the data collection and market analysis necessary to equalize the values of all properties within the city, bringing all to, at, or near 100% as of April 1, 2022. This ensures that all contribute an equitable portion of the total tax burden.

Property Inspections - What to expect?

The City of Nashua has contracted Vision Government Solutions to perform the 2022 City-wide Revaluation. 

The City of Nashua’s Assessing Department have full-time Assessors available Monday-Friday, 8:30 am to 4:30 pm.

In an effort to maintain fair and equitable assessments for all purposes, your property may be visited and inspected for the following:

1. Building Improvements/Demo (Based on issued Building Permits) 
2. Sales Inspections
3. Cyclical Inspections
4. Property Owner Requested Inspections

Depending on the reason for the assessor’s visit, you may not receive notice ahead of time. If you have any questions about your property or about a potential visit, please contact the Assessing Office at 603-589-3040.

All assessing staff will adhere to the following guidelines:

1. Staff will be wearing identification badges, will have signs on their vehicles and will have introduction letters from the City.
2. A typical inspection takes around 20 minutes. If no one is home, exterior measurements will be taken, which may involve entering side and/or backyards.
3. If an adult property owner is home, staff will request an interior inspection to confirm data. Interior inspections are important to ensure accurate, fair and equitable assessments for all properties.
4. The homeowner is encouraged to provide information that may not be apparent to the assessor at the time of inspections, such as: seasonal wetness, cracked foundations, leaking roofs, easements, etc.

What is market value and who determines my property value?

Market value is determined by people, by the activity in the real estate market, and the general economy. In the context of the 2022 revaluation, market value is based on an analysis of the sales in Nashua from 4/1/2021 to 3/31/2022, which consisted of validated sales of all property types. A review of the sale properties was conducted and family, bank, and similar type sales were excluded from analysis. 

How do I know if my assessment is equitable?

There are two good methods of determining this. First, compare your property to similar ones that have recently sold; your assessment should be in line with these sale prices. Second, if no recent sales are available, compare your assessment to similar properties in your area; your assessment should be in line with those similar properties. 

Remember, however, that very few properties are exactly alike.   Your assessment should be comparable, but it will seldom be exactly the same as a similar property. 

Will a revaluation increase my property taxes?

Although a revaluation may result in increases to nearly all individual property assessments, that does not mean that all property owners’ taxes will increase. This is because the assessments, collectively known as the total valuation, serve only as a basis used to determine the annual tax rate necessary to satisfy the total tax burden; the tax burden being the amount we must raise to operate the local government and support the many services we have come to expect such as schools, police, etc. Simply put, if a revaluation were to double the City’s total valuation and the tax burden remained the same, the tax rate would be cut in half. 

That said, it is important to remember that, for any number of reasons, not all properties will increase the same percentage. For some, the percentage may be higher and, in turn, the amount of property taxes higher, as well. Using the new total valuation and the budgets approved by the City, the tax rate will be set in October/November. Your December tax bill will reflect the impact, if any, of your new assessment on your property taxes.

What if I disagree with my assessment? 

Any property owner who believes their assessment is unfair can apply for an abatement after receipt of their December property tax bill and prior to March 1st. Abatement forms can be obtained at the Assessing Office.