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Derry (N.H.).

Annual reports of the Town of Derry, New Hampshire (Volume 2003) online

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Standards State wide. The Legislature created two new boards that will establish standards for assessing
statewide, they are: the Equalization Standards Board, and the Assessment Standards Board. The
Equalization Standards Board will establish rules and regulations regarding the State's equalization
process (including the process for sales to assessment ratio studies). The Assessment Standards Board
will establish rules and regulations regarding the assessment of property, exemptions, abatements, and
other fiinctions within an assessing environment.

As always, I thank my staff for a job well done. They are Ms. Barbara Chapman, Deputy Assessor; Ms.
Geraldine LaPlume, Secretary; Ms. Susan Conroy, Secretary; Ms. Margo Ryan, Assessing Clerk. Also,
my thanks and sincere appreciation are extended to the following: Other Town Departments; our
Consultants for the heavy amount of field work they complete; and to the State of New Hampshire,
DRA for their support through the school funding issues.

My staff and I wish to thank the public for their assistance, understanding and patience. Here's looking
forward to a very healthy and productive Fiscal Year 2004 (Tax Year 2003).



Respectfully Submitted,

a)(wid Jf. QonuM, CMA, CNHA

Assessor



13



State ofCh[ezv O-Caiufsfiire
'Department of'K^venue S^cCministration

Community Services (Division

TO'Bo7cl313

_ _ Concord, 9{H 03302-1313

Stanley ^ SirnoLU March 14, 2003

Commissioner




TOWN OF DERRY
OFFICE OF SELECTMEN
14 MANNING ST
DERRY NH 03038



Dear Selectmen/Assessing Officials:



As you know, the Department of Revenue Administration is charged with the responsibility of annually
equalizing the local assessed valuation of municipalities and unincorporated places throughout the state. The Department
has conducted a sales-assessment ratio study using market sales, which have taken place in your town between October 1,
2001 and September 30, 2002. Based on this information, we have determined the average level of assessment of land,
buildings and manufactured housing as of April 1, 2002.

The sales values have been determined from revenue stamps and verified whenever possible. When it
appears that changes in the assessed values of properties have been made solely because of the sale price, the assessed
values prior to the sale have been used.

Based on the enclosed survey, we have determined the overall sales-assessment ratio for the land, buildings,
and manufactured housing in your town for Tax Year 2002 to be 76.9%. This ratio will be used to equalize the modified
local assessed valuation for aU land, buildings and manufactured housing in your municipality. This ratio does not include
any public utility property in your town, nor will it be used to equalize the net local assessed valuation of public utilities.

In an effort to provide municipalities with more detailed information regarding their level of assessment (i.e.,
equalization ratio) and dispersion (i.e., coefficient of dispersion and price-related differential), we have prepared separate
analysis sheets for various property types (stratum). See attached summary sheet showing your municipality's stratified
figures and a further explanation of the D.R.A.'s stratified analysis.

Please review the enclosed list of sales used in determining vour sales-assessment ratio. If any incorrect
data has been used, or if you would like to meet with me to discuss this ratio, please contact me inunediatelv.

You will be notified of your municipality's total equalized valuation when the Department has completed its
process of calculating the total equalized valuation.

Sincerely,

C. Kennedy
Stipervisor VII



S:\EQUALIZATION\2002\2002RatioLir

9i(eedj and preferences _for communication aids invited.

wzuw. state. nli. us /revenue TeC. (603)271-2687

1'D'D Access: %eCay 0^ 1-800-7 5 S -2964

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16



DATE 03-13-03



M/^0 STUDY PREPARED BY DRA



2002 FINAL FULL R^O STUDY PI^PARED. ^Y DRA
DERRY (Approved by



'D



PAGE A-1



REPORT CRITERIA



Ratios For Date Range: 10-01-2001 thru 09-30-2002
Ratios were calculated using stipulated year assessments



Sorted by: VERNO LOW-TO-HIGH



COOES BELOW-LEFT WERE USED



COOES BELOW-RIGHT WERE NOT USED



[ANY] CLASS

[ANY] PROPS

[ANY] MODS

[ANY] SPCLS



CLASS []

PROPS []

MODS []

SPCLS []



CUSTOMIZED SELECT STATEMENTS AND SORTING PHRASES



No special select or sorting command statements were used



RATIOCS) USED FOR EQUALIZATION

2002 2001 2000
Indicated Ratio: 76.9* 90 68

See Extended Statistics "*" below for 2002 ratio source.



BASIC STATISTICS SECTION (Not Trimmed)



#Sales in Date Range: 836

#Sales in Strata: 836

#Sales Used: 692

%Sales Used: 83%

#Sales Used W/PA34: 581

%Sales Used W/PA34: 84%



Mean Ratio:
Median Ratio;
WtMean Ratio:
COD (median);



80.6%
76.7%
77.6%
15.0



Price Related Differential (PRO): 1.04



RDC Town Code:

Valid Sales:

Trimmed Sales:

Untrimmed Sales:

Trim Factor:
Lo Trim Point:
Up Trim Point:
Minimum Ratio:
Maximum Ratio:
Minimum SaleS: 6,000
Maximum SaleS



EXTENDED STATISTICS SECTION



062


Weighted Mean:


76.9*


COD:


10.8


PRO:


1.00


692


Wt.Mean lo 90%CI:


75.8


COD lo 90%CI:


10.2


PRO lo 90%CI:


1.00


16


Wt.Hean up 90%CI:


77.9


COD up 90%CI:


11.4


PRD up 90%CI:


1.02


676


Median Ratio:


76.7


Weighted COO:


10.9


COV:


14.4


3.0


Median lo 90%CI:


75.6


Med. Abs. Dev.:


6.5


25th Percentile:


70.4


31.2


Median up 90%CI:


77.4


Med. Pet. Dev.:


8.5


75th Percentile:


83.5


122.8


Mean Ratio:


77.2


Coef. Cone. 10%:


68.6


Broaden Median:


76.7


34.8


Mean lo 90%CI:


76.5


Coef. Cone. 15%:


83.8


Geometric Mean:


76.4


1170.0


Mean up 90%CI:


77.9


Coef. Cone. 20%:


89.7


Harmonic Mean:


75.5


6,000


Av. Sale Price:


184,586


Coef. Cone. 50%:


97.8


Std. Deviation:


11.1


1,650,000


Av. Market Value:


142,002


Coef. Cone. 100%:


99.4


Normality Test:


Reject



BATCH NUMBER S062-030313- 093431



JOB TYPE MULTI -REPORT
17



REPORT NUMBER 1 of 21



SCHEDULE OF TOWN PROPERTY



NAME OF PROPERTY

Deny Municipal Center

Town Hall

Libraries (Deny Public & Taylor)


2 4 5 6 7 8 9 10 11 12 13 14 15 16

Online LibraryDerry (N.H.)Annual reports of the Town of Derry, New Hampshire (Volume 2003) → online text (page 2 of 16)