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. Residence means the housing unit, and related structures such as an unattached garage or woodshed, which is the person's principal home. Residence shall exclude attached dwelling units and unattached structures used or intended for commercial or other nonresidential purposes.

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 exclude the value of the residence and the land on which it is located (up to two acres or the minimum single family residential lot size). 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. The property can be either wholly owned or partially owned by the person eligible. Net income excludes social security and pension payments, as well as life insurance paid on the death of an insured.

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. Applicant must file for the benefit every year and must be eligible for the benefit as of April 1st of the filing year.


N.H. Rev. Stat. Ann. § 72:39-a~b (in effect for 2022)
New Hampshire, Department of Revenue Administration, Permanent Application For Property Tax Credits/Exemptions, Form PA-29
[https://www.revenue.nh.gov/forms/2022/documents/pa-29-2022-print.pdf Accessed 10/30/2023]
View Archived Source

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