In a recent meeting of the Candia Board of Selectmen, residents expressed significant concerns over a dramatic increase in land assessments that has left many feeling financially burdened. The new valuation of land in Candia has been set at $228,700 per acre, a figure that has nearly doubled the taxable value for some property owners. One resident highlighted that their 4.4 acres saw an assessment jump from $35,000 to $268,000, a staggering increase that has raised eyebrows across the community.

The uniformity of this assessment has sparked frustration among homeowners, particularly those with modest properties or less than three acres of land. Many feel that the "cookie cutter" approach to valuation does not accurately reflect the diverse nature of properties in Candia and could hinder efforts to promote affordable housing in the area.

During the meeting, residents sought clarity from the Board regarding the rationale behind the new assessment formula. While the Selectmen acknowledged that the assessments are determined by the New Hampshire Department of Revenue Administration (DRA), they were unable to provide specific explanations for the steep increases. One Selectman noted that the value of land is based on its potential to support a home, regardless of the size of the parcel, which has contributed to the uniform valuation.

Residents are now left grappling with the implications of these assessments, particularly as they await their tax bills. The process for seeking an abatement on these assessments is available, but many fear they may not qualify due to the stringent criteria set forth by the town.

As the community navigates these changes, the Board of Selectmen is urged to consider the impact of such assessments on local residents and the broader goal of maintaining affordable housing options in Candia. The discussions from this meeting underscore the need for transparency and responsiveness from local government as residents seek to understand and address the financial challenges posed by these new valuations.