Elderly

Exemption for the Elderly (RSA 72:39-A)

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.
• See additional Elderly Exemption - Qualifications (PDF)

Any resident who may be eligible must file an Elderly Exemption Qualification Worksheet (PDF) along with the Permanent Application for Property Tax Credit / Exemption PA-29 (PDF).

If your property is held in a trust, you must complete a Statement of Qualification PA-33 (PDF) along with the Permanent Application for Property Tax Credit / Exemption PA-29 (PDF)

If your income or asset levels change and you no longer qualify for the exemption, you are obligated by law to advise the Assessing Department.