Frequently Asked Questions

The Assessing Agent is inspecting your property to verify Information listed in the Assessing Departments database and capture all improvements made to your property that affect the value. Means of obtaining and verifying information include both interior and exterior inspections, taking measurements and pictures, reviews, and conversations with property owners.

A Revaluation is the process of performing all of the necessary Market Analysis and Valuation steps to determine accurate and equitable values for all properties within a municipality. The purpose of a Revaluation is not to raise taxes. It is to create an equitable distribution of the property taxes, based on market value, required to meet the needs of local government, schools and the county.

The year 2026 will mark 5 years (2021) since the last city-wide revaluation was conducted in Concord/Penacook. Over time the real estate market changes, thus changing market values. Further, different types of properties will change at different rates (i.e. commercial versus residential). A revaluation will account for changes in market value and provide equity between individual assessments. The State of New Hampshire’s laws require that cities and towns complete a revaluation at least once every five years to bring properties to current market value and distribute an equitable portion of the total tax burden.

The Assessing Department maintains a complete record for each City property. Information is kept current through permit inspections, sales inspections, periodic re-inspections and exterior reviews. The records are available for review both online and during business hours at the assessing office. This information is used to develop the new assessments. 

Market value is determined by the activity in the real estate market and the general economy. The value of each property is based on an analysis of the market data (real estate transfers, etc.) for the year(s) prior to the effective date of the revaluation. Market value generally means the most probable price that a property should bring in a competitive and open market,[LB1] [RJ2]  under all conditions requisite to a fair sale. It is the Assessor’s job to research and analyze the values in any particular area or neighborhood. In effect, they do what a seller would do to determine the selling price when listing a property for sale. Factors that are reviewed for each property include location, size and quality of construction, age and condition of the improvements, site characteristics, zoning restrictions (if any), etc.

In an appreciating market the value of a property is on the rise (increase in value over time). In a depreciating market the value of a property is declining (decrease in value over time). The current real estate market can be described as a sellers’ market as sellers are commanding historically high prices for the real estate they are selling and thus value is increasing. This is confirmed because sale prices are typically higher than list prices, marketing time is very low with some properties selling before being listed on the open market, and the supply or inventory of real estate being depleted.  

The new Revaluation assessments will be announced in the summer of 2026 and finalized prior to the final 2026 property tax bill (December 2026).

No. Please do not use the current tax rate to estimate the tax bill. An increase in property value does not necessarily result in an increase in a tax bill.

No. The new assessment will not reflect any exemptions and/or credits. It will include current use assessment valuations for properties enrolled in current use. Adjustments for exemptions and/or credits will be applied to the tax bill of qualifying property owners.

Any taxpayer who believes their new assessment exceeds fair market value or is disproportionately assessed may file an abatement in accordance with RSA 76:16 after receiving their final 2026 tax bill and no later than March 1, 2027.

No. The City, School or County will not receive any additional revenue from any revaluation or other property value update. By bringing property assessment to fair market value, a revaluation results in an equitable redistribution of each property’s portion of the amount needed to be raised by taxes.