2022 Revaluation

Notices of the value change were mailed to all homeowners on Friday, August 5, 2022.  If you did not receive a letter, please check to make sure that our office has your correct mailing address on our property look up page.  Click here if you need to update your address.   Informal hearings will be held the week of August 22-26.  To schedule a phone or in-person appointment, please call the office at 432-6104.

Every year the Town of Derry Assessing Department monitors qualified sales and the real estate market in general in Derry.  The Assessor’s Office does this to make sure that current assessments are close to 100% of full, fair market value as required by the State of New Hampshire Department of Revenue Administration.  For the final 2021 tax year, Derry's median ratio was calculated to be 79.1%. During this most recent year of qualified sales, the overall median assessment to sale ratio dropped to 73.9%.This means that sale prices were approximately 26% higher than pre-revaluation assessments.  

Based on these studies, the Assessing Department has completed a town-wide revaluation to all properties values for the 2022 tax year.  Town wide assessments have been adjusted to account for the increasing real estate market.  Current assessments are now reflective of full market value.

Property Sales by Style (April 1, 2021 - March 31, 2022)

Assessed Values by Owner

Assessed Values by Location

Frequently Asked Questions About Property Updates

Why must we go through another valuation update?
State law requires a full value reassessment at least every five years. This is so that assessments will reflect current market value, Statewide. As the real estate market changes (up or down), if assessments stay the same, this puts our assessments out of sync with the current market. The Town is required to have assessments between 90% and 110% of current market values when conducting a revaluation or update. 

What if I disagree with the new assessment?
If you would like to discuss the 2022 assessed value of your property, please call the Assessing Department at (603) 432-6104 to schedule aninformal hearing. These appointments will be available between August 22th and August 26th. Taxpayers may request either an informal hearing conducted over the phone, or in-person.

The normal abatement and appeal process is still available to all taxpayers. This involves filing an application after receipt of the fall tax bill (Nov/Dec 2022) and before the following March 1, 2023, requesting that the Town Council and assessors reconsider the assessment. If it is found that the application has merit, an abatement of taxes will be issued. If a taxpayer is still dissatisfied after the decision of the Selectmen, they may file with the Board of Tax & Land Appeals in Concord, or the Superior Court, but not both, prior to September 1, 2023.

What is the new tax rate?
The new tax rate will be established by the Department of Revenue Administration later this year. An increase in property value does not necessarily mean an increase in your property tax bill.  DO NOT USE the current tax rate to estimate your taxes.  An increase in town-wide value generally results in a decrease to the tax rate.

How was the assessment determined?
The Assessing Department utilized 659 qualified sales (list is located on this webpage) from April 1, 2021  through March 31, 2022.  Outline below are predominate property types which show the estimated ratio of assessments to sale prices.  The first ratio is what the Town of Derry’s valuation before the update and the second shows the correction in assessments and the current assessment to sale price: