Updated march 2020
Corona Virus Decreases Real Estate Values
As of March 2020, The Corona Virus also known as the COVID-19 pandemic has caused serious disruption to the real estate market. In some cases, businesses have closed completely, and some may never open again. Some tenants find it impossible to pay rent. Some landlords cannot make mortgage payments. In New Hampshire the assessing date is April 1, 2020 which is directly in the cross hairs of this horrific pandemic. The filing deadline for Tax Year 2020 is generally March 1, 2021. If your property value has been negatively affected by the pandemic it would be prudent to file an abatement application before March 1, 2021. The application should among other things alleged a reduced market value because of the pandemic. Proving and quantifying the disruption in market value may prove difficult. So often trying to prove and quntify a self-evident reality can prove to be oddly vexing.
David G. Saliba
Saliba & Saliba
American Property Tax Counsel (APTC)
