Portsmouth to mail out new valuations Friday

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Logo_PortsmouthPORTSMOUTH — All valuations for local real estate have been completed and notices of any changes will be mailed on Friday, March 14, the Town of Portsmouth has announced.

The town contracted with Vision Government Solutions (VGS) to conduct a statistical property tax revaluation. The last revaluation for the town was conducted in 2010. The new assessments will reflect the company’s estimate of the market value of each property as of Dec. 31, 2013.

Property owners will be given a toll-free number to call in order to set up informal hearings with VGS staff in the Town Council chambers at Town Hall. Those who wish to use the web access can schedule their own appointments. Additionally, all the new valuations and assessment data will be available on the VGS website (www.vgsi.com) with the links shown on individual notices.

Hearings begin next Thursday, March 20, and property owners will have until March 28 to schedule an appointment. All taxpayers who have concerns with their new assessments are encouraged to make an appointment with VGS in order to review their assessment data.

There are three reasons someone should appeal their new valuation with Vision:

The data on file is incorrect. The data will be reviewed with the property owner and inspections can be scheduled once a hearing has taken place.

The individual has recently received a different opinion of value. Examples are a recent appraisal, the property being listed on the market for less than the appraised value or a refinancing appraisal. If this type of documentation is to be presented, bring a copy of the documents and not your personal copy since they will not be returned.

Similar properties have significantly different assessments. 

Once the hearings are completed, a second notice will be mailed to all those who appealed their assessments telling them the results of their appeal. Taxpayers will still have the ability to appeal to the local tax assessor and Tax Assessment Board of Review.

Assessments will not be finalized until after the hearing process is complete and all changes have been reviewed and processed.

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