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Assessor recommends valuation adjustments and abatement grants for several properties
Summary
The town assessor reviewed multiple abatement requests: a recommended reduction of the Red Carpet hotel assessment to about $1.1 million (abatement ~$9,730), abatement for a town‑owned Main Street property ($28,009.87), and recommended adjustments for Mayhew parcels affected by drainage and condition issues.
The Select Board heard a detailed abatement report from the assessor (S5) covering several properties.
On 166 Highland Street (Red Carpet hotel), the assessor reported the property was purchased in April 2024 for $1,000,000 and that the assessed value of $1,500,000 appears to exceed market indicators; the assessor recommended lowering the value to approximately $1,100,000 and an abatement of about $9,730 plus interest. On 295 Main Street (a parcel the town now owns identified as Shiv Hospitality in the record), the assessor noted outstanding taxes and recommended an abatement adjustment totaling $28,009.87. For two Mayhew parcels on Old Hebron Road, the assessor described stormwater and drainage impacts and recommended lowering improvement and land-condition factors, resulting in a recommended reduction in assessed value and modest abatement amounts.
The assessor also recommended an adjustment to a barn improvement that would increase the barn assessment from $3,200 to $40,500 to better reflect its value under RSA guidance. Board members reviewed the supporting inspection notes and documentary evidence and asked staff to provide backup materials for the record.
