- Your Government
- Elderly Exemption-
2023 Elderly Property Owners Exemption RSA 72:39-a
Applications accepted after January 1, 2023 - Deadline to apply is April 15, 2023
To qualify you must be: 65 years of age - and Owner of record on or before April 1, 2023
- A resident of NH for 3 consecutive years on or before April 1, 2023
- Married couples must have been married for 5 consecutive years on or before April 1, 2023.
- Property where exemption is claimed must be applicants principal place of abode, to the exclusion of others
- If applicant received a transfer of real estate from a person under the age of 65; related to him by blood or marriage, within the preceding 5 years, no exemption shall be allowed - RSA 72:40a, limitations
TOTAL INCOME from all sources including any retirement income and Social Security
Single person cannot exceed $45,000 per year - Married couples cannot exceed $55,000 per year
TOTAL ASSETS (as of the date of this application) excluding the value of your dwelling unit:
Single person cannot exceed $160,000 - Married couple cannot exceed $160,000
- Include all personal property such as cars, trucks, RV’s, trailers, antiques, furniture & jewelry.
- Checking and Savings account balances.
- CD’s, IRA’s, mutual funds, stocks, bonds, annuities, money markets, life insurance cash value, etc.
- Any other real estate owned in the United States or Abroad (individually, jointly, in common, fractional) including land, mobile homes, condos, timeshares etc. Supporting documents must be supplied.
- Other assets tangible or intangible less any good faith encumbrance.
All Income & Assets must be verified with the proper documentation:
- 2022 Federal income tax return (if you file) including all W2’s, 1099’s, etc.
- 2022 Form SSA 1099 - Social Security Benefit Statement
- 2022 VA benefits statements
- 2022 Form 1099 -Unemployment benefits statement
- Bank Statements – the most current 3 months (full copies) for all checking and savings accounts
- Current statements for CD, IRA, 401K, stocks and/or bonds, money markets, “Surrender Value” of life insurance policies, etc.
- Property Tax Inventory Forms filed in any other town
- Copy of your Trust and Trust Amendments. (Attorney’s affidavit may be required annually)
- Driver’s license or Birth Certificate
- Current mortgage statement if you own more than a single-family home.
- Documentation of any Alimony, Child Support, Rental, and Assistance from others.
If you qualify - exemption will be according to age and percentage of ownership RSA 72:41 Proration
- 65 – 74 years of age are allowed $160,000 deducted from total assessed value
- 75 – 79 years of age are allowed $190,000 deducted from total assessed value
- 80 + Years of age – the exemption is equal to the FULL VALUE OF YOU HOME
Click here for the 2023 Elderly Exemption Application.