Home Real Estate Housing market trends expected to drive values up, tax rate down

Housing market trends expected to drive values up, tax rate down

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The city of Keene is gearing up for its regular five-year revaluation, and given the rising cost of homes in the past year or so, property owners can expect their assessments to increase.

However, City Assessor Dan Langille said Thursday that while property values are expected to go up, this would cause Keene’s tax rate to dip due to the additional revenue coming in. He, along with a pair of representatives from Vision Government Solutions, gave the City Council a presentation that night on the revaluation process.

“What we’re seeing is a significant increase in taxable value for the city,” Langille said. “And as a result, we’re going to see a decrease in the tax rate. At this time, we do not know what that rate will be; that’s determined in the fall by the New Hampshire Department of Revenue.”

The city’s tax rate determines the amount taxpayers must pay based on the assessed value of their property. The values the city sets will be…

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