This Exemption reduces the taxable value of the real estate for qualified taxpayers, as follows:
For a person 65 to 74 years of age, the reduction of $96,000. from the assessed value
For a person 75 to 79 years of age, the reduction of $144,000. from the assessed value
For a person 80 years of age and older, the reduction of $198,000. from the assessed value
To qualify, the applicant must be 65 by April 1st and have been a New Hampshire resident for, at least, the last 3 years. Your real estate must be your permanent place of residence and if the real estate is owned by such person's spouse, they must have been married for at least 5 years.
Income & Asset Limits
A single person's net income may not exceed $36,800.
If married, a combined net income may not be more than $51,700.
Excluding your home, your assets may not exceed $125,000.