- Upon approval of qualifications for the elderly exemption the water & sewer departments will automatically be notified.
- If you feel you qualify for an exemption, fill out the application then schedule an appointment with our office.
- Print and sign the Elderly Exemption Certification Affidavit.
To qualify you must be:
- The owner of record on or before April 1st
- A resident of NH for 3 consecutive years on or before April 1st
- If real estate is owned by a spouse, they must have been married for 5 consecutive years on or before April 1st
- 65 years of age on or before April 1st
- Must reside at property where exemption is claimed
- Applicants owning fractional property interest can receive a tax credit and/or exemption in proportion to their percentage of ownership interest
- If a property is held in a trust or a life estate, the applicant is required to complete a PA-33 form
Total income from all sources including any retirement income and Social Security:
- Single person cannot exceed $32,000 per year
- Married person cannot exceed $45,000 per year
Asset qualifications will include any assets on the date of your application
Total allowed assets of $75,000 for single taxpayers and $100,000 for married taxpayers, excluding the value of your dwelling unit:
- 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, life insurance policies, money market etc.
- Any other real estate owned anywhere (individually, jointly, in common, fractional) including land, mobile homes, condos, timeshares etc.
- Other assets tangible or intangible less any indebtedness.
You must provide the following (if filed):
- Property Tax Inventory Forms filed in any other town
- Federal income tax form with W2’s attached including all 1099 forms
- State Interest and Dividends Tax Forms
- 3 months of statements for checking and/or savings accounts
- Statements for CD, IRA, 401K, stocks and/or bonds, life insurance policies, money market, etc
- Statements of Social Security income and/or statement of VA benefits
- Copy of the Trust if property is owned by a trust
- Drivers license or birth certificate, Power of Attorney documentation
If you qualify your exemption will be:
- 65-74 years of age are allowed $109,500 assessed value deducted from total assessed value.
- 75-79 years of age are allowed $148,500 assessed value deducted from total assessed value.
80+ years of age are allowed $195,500 assessed value deducted from total assessed value.