What is market value?

Finding the market value of your property involves discovering the price most people would pay for it in its present condition. It’s not quite that simple, however, because the assessor has to find what this value would be for every property, no matter how big or how small. The assessor’s job doesn’t stop there. Each year it has to be done all over again, because the market value of almost everything changes from one year to the next – as we all know. Towns in New Hampshire have traditionally not maintained assessments at 100% of market value on a yearly basis.

Show All Answers

1. What is market value?
2. Why have a property tax?
3. How is property appraised?
4. Why do assessed values change from year to year?
5. How does assessed value affect the tax rate?
6. What are your rights and responsibilities?