Disabled Exemption-

2024 Disabled Property Owners Exemption RSA 72:37-b

Applications accepted after January 1, 2024       -      Deadline to apply is April 15, 2024 

          

To qualify you must beUnder 65 years of age - and the owner of record on or before April 1, 2024

  • A resident of NH for 5 years on or before April 1, 2024
  • If real estate is owned by a spouse, they must have been married for 5 consecutive years on or before April 1, 2024
  • Must be (or have been) receiving Title II or Title XVI Social Security Disability (Social Security Disability benefits convert to retirement benefits at age 65)
  • Property where exemption is claimed must be applicant’s principal place of abode, to the exclusion of others.

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

Warrant article for the March 2024 Town ballot vote is requesting an increase of the income limits for single and married.

TOTAL ASSETS (as of December 31, 2023) excluding the value of your dwelling unit:

Single person cannot exceed $160,000   -    Married couple cannot exceed $160,000

Warrant article for the March 2024 Town ballot vote is requesting an increase of the asset limits for single and married.

  • 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:

  • 2023 Form SSA 1099 – Social Security Benefit Statement
  • 2023 Federal income tax return (if you file) including all W2’s, 1099’s, etc. 
  • 2023 VA benefits statements
  • 2023 1099 for Unemployment benefits statement
  • 2023 State Interest and Dividends Tax Forms
  • Bank Statements -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)
  • Copy of 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 qualifyyour exemption will be in the amount of $160,000 deducted from your total assessed value and according to the percentage of ownership per RSA 72:41 Proration.

Warrant article for the March 2024 Town ballot vote is requesting an increase of the exemption amount.

Click here for the 2024 Disabled Exemption application.