HANOVER, N.H. (AP) — Dartmouth College, the largest property owner in Hanover, is joining critics of the town’s recent revaluation process.
The college pays about $8 million per year in property taxes on dorms, offices, commercial buildings and rental properties it owns. It recently asked Grafton County Superior Court to grant a refund of up to $576,000 on 38 of those properties. Dartmouth says it calculates the value of the properties at $51.6 million, but the town’s assessed value was $86.8 million.
The Valley News reports that the town is facing backlash from residents and merchants over the results of its 2018 revaluation, with some assessments nearly doubling. In August, 66 property owners filed a petition with a state board seeking to force a do-over. The town has defended the revaluation process.
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