Local Option Elderly Exemption


New Hampshire



Variations in Receipt of Benefit

Other Variation in Receipt of Benefits

Benefit Type



The benefit is an exemption, the amount of which is established by adopting cities and towns, but which is to be no less than $5,000. Adopting localities may establish benefits levels for age groups: (a) 65-74, (b) 75-79, and (c) 80 and older.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type


Characteristics of Eligible Property

Only residential property is eligible for this program.

Eligibility Criteria



Income Ceiling

Principal Residence

Wealth Limit

Other Criteria

Description of Eligibility Criteria

To qualify for this program, individuals must be: (a) aged 65 or older; (b) have resided in the state for at least 3 years; (c) own and occupy the residence for which the exemption is sought; and (d) have income and assets below locally established ceilings. Locally established income ceilings must be at least $13,400 for an individual and $20,400 for a married couple. Locally established asset limits must be at least $35,000 and such limits do not include the value of the residence. Residential real estate owned by the spouse of a person eligible for this program is eligible provided the couple has been married at least 5 years.

Local Option in Adoption of Program

Local government must take action to opt in

Local Option Regarding Program Features

Local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Description of State Funding for Tax Loss

State statutes do no provide for state funding for local tax loss.

Record ID



Persons who are also eligible for the Local Option Disabled Exemption may choose the greater of the two, but may not take both exemptions. Income is calculated as the all receipts less life insurance paid for the death of an insured, business costs, and proceeds from the sale of assets.


N.H. Rev. Stat. Ann. § 72:39-a~b (in effect for 2015)

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