The value of all property in Manchester increased by almost half — 48% ‑ over the past five years, according to preliminary data released by city officials on Oct. 13
The valuations, compiled due to a citywide revaluation, add up to $23.09 billion. The current value of city properties is $15.56 billion, which was based on assessments made during the city’s last revaluation.
Manchester property values went up nearly 50% in the latest assessment.
The city provided the data to the NH Business Review upon request.
Earlier this month, the city sent updated values to the owners of the 33,800 parcels of property in the city. The city also said the tax rate is expected to significantly drop in the face of the higher values.
But that doesn’t mean a property owner’s tax bill won’t go up. Revaluations shift the property tax burden. If an owner’s assessment increases more than that of the overall tax base, the revaluation will likely mean a tax increase next year.
Vision Government Solutions performed the revaluation for the city.
Assessors divide the tax base into several classes of property such as single-family homes, commercial property, industrial property and others.
Increases in nonresidential commercial property, industrial property and condos came in below the overall 48% increase in values. That means those classes will likely see less of a tax increase or even a tax cut.
The category of three-family apartment buildings saw the biggest increase —74% — followed by four-plus unit apartment buildings and complexes, which saw a 58% increase.
The total value of tax-exempt properties increased 35%, to $2.31 billion.
The city cautioned that these numbers are preliminary and will change as owners challenge their assessments.
An owner can challenge an assessment by logging onto www.vgsi.com/schedules. The deadline for doing so is Friday, Oct. 16.
Note: The accompanying chart does not list all property classes, most of which are of little aggregate value such as raw land, manufactured homes, and multiple use category.
The value of all property in Manchester increased by almost half — 48% ‑ over the past five years, according to preliminary data released by city officials on Oct. 13 The valuations, compiled due to a citywide revaluation, add up to $23.09 billion. The current value of city properties is $15.56 billion, which was based on assessments made during the city's last revaluation.
This year’s Advanced Manufacturing and High Technology Summit kicked off with a topic universal to all employers: how to build the workforce of tomorrow. The 24th annual event organized by the New Hampshire Manufacturing Extension Partnership on Oct. 9 featured a keynote panel discussion featuring representatives from the state’s university and community college systems.
Back in 1992, political strategist James Carvell came up with the phrase, “It’s the economy, stupid,” to help Democrat Bill Clinton defeat incumbent Republican President George H.W. Bush.
Permitting and construction of new homes is up, but it’s still at historic lows and not enough to keep up with demand. The recent housing production is mostly single-family, with a smattering of multi-family developments but relatively few duplexes, triplexes and fourplexes.
New Hampshire in general, and its legal profession in particular, suffered a huge loss when Jack B. Middleton died on Sept. 8. The president of McLane Middleton, he recently marked 70 years of active law practice with that firm.
New Hampshire’s life sciences industry is expanding quickly, but the workers employers need range far beyond biomedical scientists — from manufacturing technicians and engineers to project managers, supply-chain specialists and finance professionals. At the Empower Life Sciences event hosted by…
It's still a fact in 2026 that New Hampshire has the second oldest population in the United States — 43.4 median age — tied with Vermont and topped only by Maine. Most senior citizens in New Hampshire say it's a great place to retire. But it depends on life's circumstances.
SB 482, which goes into effect in December, sets a daily conversion limit of $2,000 per digital transaction kiosks.
New report cites Tradeport’s ‘uniquely important role in New Hampshire’s economic architecture’ as executive director looks toward ‘retooling’ for life science users
