2021 Assessing Update

Our Assessor, Corcoran Consulting Associates, has recently completed a cyclical revaluation of all properties within the Town of Holderness for the 2021 tax year.  The purpose of a revaluation is to update all assessments to current market value to ensure a proportionate and equitable distribution of taxation across a community. 

Market value is defined as the amount of money a typical, well informed purchaser would be willing to pay for a property in an “arms-length” transaction, also known as a qualified sale.  An arms length transaction is one where the buyer and seller are not related, willing parties are not under pressure to sell or buy and the property is available on the open market and not under foreclosure or part of an auction.

Market value is determined by the general economy and the overall real estate market.  The real estate market in Holderness, like most of the towns in our State, has shown a continual increase in activity and steadily rising prices, particularly among waterfront properties, over the past three years.  Accordingly, those properties and most properties in Holderness have increased in value over that time.

A full list of values is available here, (or list in excel format).

An increase in the market value of your home does not necessarily translate to an increase in the amount of taxes you will pay.  An increase in the total valuation of all properties in Town may result in a decrease in the tax rate which can offset some of the increase in valuation.  The property tax rate is based, as always, on the combined budgets for the Town, School District and the County.   The tax rate is determined by taking the total of those budgets divided by the overall valuation of the Town to arrive at a tax rate that will raise the necessary funds to support the voted appropriations.

The amount of your Fall tax bill will be based on the new assessed value of your property and the new tax rate which will be established by the New Hampshire Department of Revenue Administration and the Town of Holderness.  It will be adjusted for any increase/decrease in the tax rate versus the estimated bill you received in the spring of 2021.

As always, you have the option to file for an abatement should you question your new valuation.  You can find directions for filing and the necessary forms on the Town website at the following link  https://www.nh.gov/btla/forms/documents/abatement.pdf.

**2021 Valid Sales used for update.