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.