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Elderly Exemption Application & Information

Elderly Exemption

Elderly Exemption (RSA 72:39-a)

*Click here for complete packet 

Any resident who may be eligible to receive the elderly exemption must file a Permanent Application State form PA-29 (PDF) with the Select Board’s Department. Filing period is January - April 15th.

Guidelines:

The current guidelines are as follows:

  •             65-74 is 25,000 off the value of the property.
  •             75-79 is 30,000 off the value of the property.
  •             80-older is 50,000 off the value of the property.

 

Qualifications:

            Income:          Single not over $20,000

                                    Married not over $25,000

            Assets:           Single not over $50,000

                                    Married not over $50,000

 

*(This does not include the home in which you live, and up to 1 acres of land that the home is located.)

  1. The applicant must be 65 years of age on or before April 1st in the year they are applying for the exemption.
  2. The applicant must have been a New Hampshire resident for three years prior to April 1.
  3. The applicant must have owned the residence by April 1 individually or jointly, or if the residence is owned by a spouse, they must have been married for at least five years.
  4. If the 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 5 years, no exemption shall be allowed. RSA 72:40-a, Limitations.
  5. Net income is to be determined by deducting from all monies received from any source whatsoever, the amount of any of the following, or the sum thereof:  a.) Life insurance paid on the death of an insured. b.) Expenses and costs incurred with conducting a business enterprise. c.) Proceeds from the sale of assets.
  6. If your property is held in a trust, you must supply a copy of the trust instrument and "A Statement of Qualification" (PA-33) (PDF) must be completed and submitted with documents. (All documents submitted shall be handled to protect the privacy of the applicant).
  7. Notify the Selectmen’s Office of any change of address

Along with your application the following documents must be submitted for review.  These items will be returned to you after the Town has completed reviewing your application. 

  1. Previous years Federal income tax return or IRS form 8821
  2. State interest and dividends tax forms
  3. W-2, 1099, pension statements and any other proof of income
  4. Your social security statements- SSA-1099
  5. Bank Statements for the past 6 months on all accounts
  6. List of Assets and values

Applications must be received by April 15th.