N.H. Admin. Code § Rev 603.02

Current through Register No. 44, October 31, 2024

Section Rev 603.02 - Full Revaluation Contract Services

For a full revaluation contract the following services shall be performed and provided by the contractor:

(a) Property data shall be collected and inspected as follows:

(1) All land parcels and any attributes that may affect the market value shall be listed accurately, which may include, but not be limited to:

a. Number of acres;

b. Road frontage;

c. Water frontage;

d. Water access;

e. Views;

f. Topography;

g. Access;

h. Neighborhood;

i. Betterments;

j. Approvals;

k. Easements;

l. Deeded restrictions; and

m. Other factors that might affect the market value;

(2) Every principal building(s), and any appurtenant building(s), or other improvements, shall be accurately measured and listed to account for the specific elements and details of construction that may affect the market value, which may include, but not be limited to:

a. The quality of construction;

b. The approximate age of the structure;

c. Depreciation factors;

d. Foundation type;

e. Basement area;

f. Insulation;

g. Roofing;

h. Exterior cover;

i. Flooring;

j. Interior finish;

k. Fireplaces;

l. Heating and air conditioning systems;

m. Solar collectors;

n. Plumbing and plumbing fixtures;

o. Electric service;

p. Story height;

q. The total number of rooms;

r. The total number of bathrooms;

s. The total number of bedrooms;

t. Sprinkler systems;

u. Elevators; and

v. Any other features, attributes, or factors that might affect market value;

(3) The contractor shall provide in the contract the employee protocol and procedure for inspection of the property as detailed in (9) below;

(4) When entrance to a building or a parcel of land cannot be obtained as detailed in (9) below, the contractor shall make:

a. A note of the date of the visit to the property; and

b. A notation of the reason the inspection of the property could not be obtained as detailed in (9) below;

(5) All full revaluation contracts shall provide the procedure for inspection, call backs, and notification;

(6) For a BTLA ordered full revaluation, the contractor shall make an attempt to inspect the property, unless prohibited pursuant to (9) below, and if the attempt is unsuccessful, the contractor shall:

a. Make a note of the date of the visit to the property;

b. Leave a notification card at the property requesting that the property owner call the contractor's designee, within a stated time frame as agreed upon by the municipal assessing officials and the contractor, to arrange for an interior inspection; or

c. Send a letter to the property owner requesting that the property owner call the contractor's designee, within a stated time frame as agreed upon by the municipal assessing officials and the contractor, to arrange for an interior inspection; and

d. Notify the municipal assessing officials that the property was not accessed and that the contractor has not been contacted by the property owner or occupant, within the prescribed time frame;

(7) For a BTLA ordered full revaluation, the municipal assessing officials, when notified by the contractor pursuant to (d) above:

a. May attempt to make arrangements with the owner or occupant for an interior inspection of the property; and

b. Shall notify the contractor within 10 working days of whether inspection arrangements were made;

(8) If the contractor or the municipal assessing officials are not able to arrange for an interior inspection, the contractor shall:

a. Estimate the value of the improvements using the best evidence available; and

b. Annotate the property record card accordingly; and

(9) The contractor shall complete interior inspection of all properties except:

a. Vacant or unoccupied structures;

b. Where multiple attempts for inspection have been made without success and the owner or occupant has not responded to the contractor or the municipal assessing officials' notifications;

c. Where postings prevent access;

d. When the owner has refused access to the contractor or designee;

e. Unsafe structures;

f. When inhabitants appear impaired, dangerous or threatening; and

g. Any other reason for which the municipal assessing officials agree that the property is inaccessible;

(b) The contractor shall provide to the municipality a complete copy of the:

(1) Field data collection card(s);

(2) Worksheet(s); and

(3) Other document(s) used in the valuation process; and

(c) For a BTLA ordered full revaluation the contractor shall provide monthly progress reports indicating the percentage of completion of the full revaluation to the municipal assessing officials and the DRA; all other contracts shall specify the reporting requirements.

N.H. Admin. Code § Rev 603.02

Amended by Volume XXXIV Number 19, Filed May 8, 2014, Proposed by #10581, Effective 5/1/2014, Expires5/1/2024.