Filing Deadline April 15

Applicants must re-qualify YEARLY for the Elderly Exemption

  • A resident of NH for 3 consecutive years preceding April 1 in the year which the exemption is claimed.
  • Must be the owner of record on or before April 1.
  • Must occupy as their primary abode the property for which the exemption is claimed.
  • Must be 65 on or before April 1 of year of application.
  • If the residence is owned by such person’s spouse, they must have been married to each other for at least 5 consecutive years.
  • 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 five (5) years no exemption will be allowed- RSA 72:40a, limitations.
  • Yearly Net Income (not adjusted) from any source whatsoever. Net income is determined by deducting the amount of any of the following: (expenses/cost incurred in conducting a business; life insurance proceeds on the death of an insured; or proceeds from the sale of  assests).
  •  Income Limitations; Single $38,600, Married $46,000.  ***Approved per warrant article vote(petition) March 13, 2012.
  • Asset Limitation: $85,000 excluding residence and the value of a minimum residential lot up to 2 acres of land.

Exemption Amounts: (Subject to Change) 
65-74     $69,000
75-79     $103,000
80+        $137,000

The Assessing Office must be notified of any changes in assest and/or income status.
Please note the worksheet has been revised as well as IRS Form 4506T has been added & must be completed.  A new worksheet will be available January 1, 2018 for the 2018 Tax Year.