N.H. Admin. Code § Rev 611.03 - Market Capitalization Rate

(a) The commissioner shall annually by March 31 establish a market capitalization rate, as referenced in RSA 75:1-a, VI, for each county in the state.

(b) At least 30 days prior to establishing a market capitalization rate, the commissioner shall notice a public hearing in order to obtain public input regarding the establishment of the market capitalization rate pursuant to (a) above.

(c) At the public hearing, written and oral testimony shall be accepted concerning how the capitalization rate shall be established, including but not limited to:

(1) The industry resources that should be considered prior to establishing the capitalization rate;

(2) The proper method for calculating the capitalization rate;

(3) The geographic area adjustments that should be made so that the market capitalization rate adequately reflects the geographic area where a property is located; and

(4) Any other information relevant to the establishment of a market capitalization rate pursuant to RSA 75:1-A, VI.

(d) The commissioner shall consider all relevant written and oral testimony received at the public hearing when establishing a market capitalization rate.

Notes

N.H. Admin. Code § Rev 611.03

Derived From Volume XXXV Number 45, Filed November 12, 2015, Proposed by #10968, Effective 11/3/2015, Expires 11/3/2025. Amended by Number 15, Filed April 11, 2024, Proposed by #13916, Effective 3/28/2024, Expires3/28/2034 (see Revision Note #2 at chapter heading for Rev 600).