Contract assessor says Plaistow property values rose about 42% in statistical revaluation

KRT, the town’s contract assessor, told the Plaistow Select Board on Monday, Aug. 11, that a statistical revaluation covering sales from April 1, 2024, through March 31, 2025, produced preliminary assessed values that raise the town’s total assessed value by about 42 percent. Kevin Lean, an appraiser with KRT, said single-family homes rose about 46.7 percent and condominiums about 42.7 percent.

The revaluation matters because local property tax bills are derived from the town’s total assessed value and the tax rate set later by the town, school and county. "What you're looking at is the pot of money that we need to raise," Kevin Lean said, explaining that a higher assessment base can be offset by a lower tax…