Elderly Tax Exemption Qualifications

65-74 years of age - $40,000 off assessed value
75-79 years of age - $60,000 off assessed value
80+ years of age - $80,000 off assessed value

RSA 72:33, VI allows Selectmen or Assessing Officials to require those receiving tax exemptions or credits to re-file their qualifying information periodically but no more frequently than annually.  Failure to file such periodic statements may, at the discretion of the Assessing Officials, result in a loss of the exemption or tax credit for that year.

A Worksheet and a PA-29 form must be filled out when applying for an exemption or credit.  All information supplied will be treated confidentially and any supporting documents will be returned upon approval or denial of the application.  Please note the following income and asset limits when considering submission of your application:

• INCOME LIMITS:  Single $25,000     Married $40,000
• ASSET LIMITS:  Single $75,000     Married $75,000

If you hold a life estate in the property or your property is owned by a trust, you must also submit a completed form PA33 (Statement of Qualification) and submit a copy of the deed showing the assigned ownership of the life estate or a copy of the Declaration of Trust, including a list of beneficiaries or a completed Certificate of Trust per RSA 564-B: 10-1013.

All Exemptions must be filed by April 15th to qualify for that tax year. A three year NH residency is required for an elderly exemption and a five year NH residency is required for all other exemptions.