Section Env-Dw 1002.22 - Appraisal Requirements(a) The appraisal required by Env-Dw 1002.19(b)(3) shall be completed in accordance with this section.(b) The required appraisal shall be conducted by an appraiser as defined in RSA 310-B:2, XIX, who has at least 2-years' experience in water supply land appraisals or conservation interest appraisals, as appropriate for the application.(c) An appraisal shall be conducted for the grant property and for the match property based on the terms of the document prepared pursuant to Env-Dw 1002.24 to transfer the conservation interest and the survey performed pursuant to Env-Dw 1002.19(b)(2).(d) The appraisal shall determine the fair market value of the grant property and of the match property.(e) The appraisal shall be completed prior to the grant being awarded but no earlier than one year prior to the estimated date of transfer of the conservation interest, subject to (f), below.(f) The department shall accept an appraisal that was completed more than one year prior to the estimated date of the transfer of the conservation interest if the applicant submits a written request to do so together with an update letter from an appraiser who meets the requirements of (b), above, that a market analysis shows that the fair market value of the property is within 5% of the value shown by the appraisal.(g) If real estate prices have dropped in the county in which the grant or match property is located to such an extent that the validity of the original appraisal can reasonably be questioned, the department shall request the applicant to submit either: (2) An update letter from an appraiser who meets the requirements of (b), above, that a market analysis shows that the fair market value of the property is within 5% of the value shown by the appraisal.(h) The applicant shall submit the appraisal to the department.(i) The department shall accept the appraisal if the appraiser certifies under penalty of false swearing that the appraisal: (1) Meets the requirements of this section; and(2) Was conducted in accordance with the requirements established by or under RSA 310-B in effect at the time the appraisal was conducted.N.H. Code Admin. R. Env-Dw 1002.22
(See Revision Note at part heading for Env-Dw 1002) #9490, eff 6-23-09
Amended by Volume XXXVIII Number 02, Filed January 11, 2018, Proposed by #12441, Effective 1/1/2018, Expires 1/1/2028.