08/29/2026
Great analysis of revaluation impact on different classes of property, and of course on the taxes property owners pay. Key insight is that residential owners now pay a greater share of the tax pie.
A ninety percent increase on a significant expense is challenging to any household. That is what happened to manufactured homes.
Assessments on manufactured homes, listed as mobile homes in the assessing data, rose 89.9 percent. That is the largest increase of any property class in Portsmouth. It is 265 parcels and a small share of the total levy.
My first post used 1,200 parcels I pulled by hand. I now have all 9,131 taxable parcels. Here is what the full data shows.
Residential went from 59.2 percent of Portsmouth's taxable value to 65.3 percent. Commercial fell from 30.8 to 26.8 percent, industrial from 9.9 to 7.9 percent. Of 9,131 parcels, 7,580 bills went up and 1,551 went down.
I led with hotels last time. The bigger story is office buildings. Twenty five of the city's ninety nine office buildings did not just rise slowly, they lost assessed value outright. One fell from $28.2 million to $15.1 million. For comparison, four of 4,300 single family homes lost value. Office buildings shed about $2.66 million in annual tax. Industrial warehouses shed about $598,000.
I gave you medians. A median hides how much variation is inside a class. 791 residential parcels saw their bill go down. If yours was one of them, nothing I wrote described your situation.
Single family homes had a median increase of 61 percent, but the middle 80 percent ran anywhere from 48 to 80 percent, and 312 homes came in below the 44.3 percent break even and got a cut. Condominiums were wider, 40 to 84 percent, with 384 below break even. It runs the other way too. Sixteen of the 99 office buildings rose enough to pay more.
So your class tells you the odds, not where you specifically ended up.
That said, the classes are not close. 93 percent of single family homes landed above break even against 84 percent of office buildings below it. The overlap is at the edges, not the middle.
If your assessment moved very differently from similar properties near you, that is what the abatement process is for, and the spread is the evidence for that conversation. Records are public and you can look up your neighbors.
Two notes on method. I screened out 96 parcels that changed more than 200 percent. Those are vacant lots built on, subdivisions and conversions rather than revaluation. And I am working from the 2023-2024 file, so abatements and permits since then are not reflected. There is never a perfect snapshot. This is trends in broad strokes.
Thanks to Jim Smalley, who pushed me on the distributions and made the point that single figures only tell part of the story. He was right.