Assessing

The primary function of the Alton Assessor’s Office is the annual assessment (as of April 1 of each year) of properties located within the Town to determine their market value for tax purposes.

Other functions performed in the assessor’s office include:

• Continuous update of property owners’ names and addresses;
• Tax map updates and verification of deed histories and sales research;
• Administration of timber and excavation taxes;
• Administration of current use program;
• Administration of tax credits and exemptions;
• The review and recommendations of Abatements;

The Value that Assessors strive for is market value. Market value is the most probable value. It is not the highest, lowest, or average price. It is expressed in terms of money. It implies a reasonable time for exposure to the market. It implies that both buyer and seller are informed of the uses to which the property may be put. It requires an arm’s length transaction in an open market. It requires a willing buyer and a willing seller, with no advantage being taken by either buyer or seller. It recognizes the present use as well as the potential use of the property.

Real Estate Assessments

The Assessment Office is the source of details of the status of April 1 of each year for each property’s Real Estate Assessment. The Office also conducts local review of assessments appealed to the state. Additional information found at the Assessment Office includes:

1. Assessment of current use land
2. New construction/discoveries
3. Sale reviews
4. Changes in use/approvals resulting from Zoning Board of Adjustment and Planning Board