Goffstown updates town property values
The state Department of Revenue requires all towns to reassess property values every five years, and Goffstown conducts periodic updates to stay current with market values.
This process avoids inequalities and property owners paying more than market value. The 2013 values are proposed until the Board of Selectmen reviews and accepts the listed values.
The town also analyzes market values, which change on a regular basis. The town looks at market trends and regularly updates property values to avoid a total revaluation, which could cost the town about $500,000, he said.
In 2012, the assessment to sales ratio was 101.6 percent, meaning values were 1.6 percent higher than selling prices. The current ratio for 2013 is about 100 percent.
To review the property value updates and obtain abatement forms, visit www.goffstown.com/assessing-office, or contact Bartlett at 497-8990, ext. 113. The information is also available at the assessor’s office, 16 Main St., Monday through Friday, from 8 a.m. to 4 p.m.
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