Section Rev 2803.03 - Equalization Ratio(a) The department shall use the weighted mean ratio to adjust a municipality's modified assessed valuation.(b) The department shall use the weighted mean ratio calculated to one tenth of one percent.(c) If the weighted mean ratio does not accurately represent a municipality's level of assessment, the department shall determine an alternate ratio in accordance with the manual.(d) The criteria for an alternate ratio in (c) above shall be:(1) The sample of sales does not contain the minimum of 20 valid sales;(2) An unexplained increase or decrease in the ratio that is more than 10% different than the increases or decreases of the ratios in any of the surrounding municipalities;(3) An unexplained increase or decrease in the ratio that is more than 10% different than the increases or decreases of the ratios in any other municipalities within the same cooperative or regional school district;(4) Supplemental data and information provided by the municipality shows that the sample of sales of properties is generally not reflective of the property comprising the municipality's valuation base;(5) Data and information provided by the municipality shows the weighted mean ratio is unduly affected by multi-modal assessments in the municipality;(6) A municipality requests, prior to the calculation of the total equalized valuation, separate assessment ratios by stratum provided that the strata: a. Contain at least 20 valid sales; andb. Have a confidence interval, calculated with a 90% confidence level, that is wholly outside the confidence level of other strata;(7) For (5) and (6) above, the municipality shall have provided accurate assessed value information consistent with the strata category used for the application of separate assessment ratios; and(8) In applying the separate ratios, a single, weighted overall ratio for the municipality shall be based upon the separate ratios and the total assessed valuation of each strata to adjust:a. Payments-in-lieu-of taxes, including renewable generation facility property subject to a payment in lieu of taxes agreement under RSA 72:74.d. Current use values for a municipality's equalization ratio; ande. Compute the municipality's total equalized evaluation, where applicable.N.H. Admin. Code § Rev 2803.03
#8258, eff 1-15-05; ss by #10277, eff 2-22-13
Amended byVolume XXXV Number 18, Filed May 7, 2015, Proposed by #10763, Effective 4/22/2015, Expires4/22/2025.Amended by Volume XLII Number 49, Filed December 8, 2022, Proposed by #13488, Effective 11/15/2022, Expires 11/15/2032