Elderly Exemption

Qualifications for the Elderly Exemptions (RSA 72:39-a +72:39b)

Filing Deadline April 15

Applicants must re-qualify Every Other Year (Bi-Annually) 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  assets).
•  Income Limitations; Single $40,500, Married $46,000.  *Approved per warrant article vote March 28, 2023.
• Asset Limitation: $125,000 excluding residence and the value of a minimum residential lot up to 2 acres of land.

Exemption Amounts (Subject to Change) 

The Assessing Office must be notified of any changes in asset and/or income status & change of address.