Article 19 - of$150,000 to engage the services firm to perform a Town-wide revaluation  (214 Views)  (1 Comments)

Warrant Article Created By: Selectmen

Results Votes in Favor Votes opposed Total Votes Required To Pass
1711 979 50%
Rational Taxpayer's recommends voting Yes

Shall the Town of Hampton vote to raise and appropriate the sum of$150,000 to engage the services of a licensed revaluation firm to perform a Town-wide revaluation of property in the Town of Hampton as required by the State Constitution and the Department of Revenue Administration during the tax year 2019. This shall be a non-lapsing appropriation per RSA 32:7, VI and will not lapse until the revaluation is completed or by March 31, 202 1, whichever is sooner) (Majority vote required)

Recommended by the Board of Selecrmen 5-0-0

Recommended by the Municipal Budget Committee 6-1-1

Fiscal Impact Note (Finance Dept.) The estimated 2019 tax impact on $ 150,000 is $0.045 per $ 1,000 valuation (four point five cents per thousand dollars of valuation).



Posted in: Favorable, Money


# Jerry Znoj Tuesday, February 5, 2019 5:10 PM
Houses are selling in Hampton for a greater amount of money than they are assessed for hence the need for this re-assessment. The State requires the assessment to be at least 90% of market value and the current percentage is at 90 % and dipping below that percentage as I understand it. Reassessment then becomes a requirement. Good news if you selling!

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