FAQs
Why did our property revaluations go up by so much?
This was due to State requirement. Hooksett reduced it's overall tax rate. The changes seen are happening at a state level.
How is an assessment determined?
The Assessor’s Office studies the market and collects information about properties to estimate the fair market value. Please remember that the Assessor’s Office does not determine the total amount of taxes collected. It is the Assessor’s responsibility to find the fair market value of your property so that you may pay only your fair share of the taxes. The amount of taxes you pay is determined by a tax rate applied to your property’s assessed value. The tax rate is based on the funds needed to provide the services included in the approved town/school budget. Each year, sometime in October, this tax rate is set and it is reflected on the final tax bill which is due sometime in December.
When will the next re-assessment be?
Legislation passed in 2002 states that each municipality must "value anew" all property at least once every 5 years, beginning in 2003. At this time the next update/re-assessment is scheduled for 2025.
When was Hooksett's last re-assessed (revaluation)?
Hooksett completed a statistical update with values as of April 1, 2013; the previous update was in 2008. The 2013 update project was conducted by Vision Appraisal Services with the assistance of Town Staff and review by the New Hampshire Department of Revenue Administration.
What is the current tax rate per thousand?
The official 2022 tax rate is $24.05 per thousand.