Elderly Exemption

Amount

If an applicant qualifies the amount of the exemption is determined by age:

  • Ages 65 to 74 receive $120,000 deducted from the assessed value of the home.
  • Ages 75 to 79 receive $180,000 deducted from the assessed value of the home.
  • Ages 80 or older receive $245,000 deducted from the assessed value of the home.

Requirements

  • Has lived in NH for 3 years on or before April 1st 
  • Has an income from all sources not exceeding $41,000 if single, or $55,000 if married - money from Social Security, retirement funds, interest on IRA or CD
  • Total assets not exceeding $140,000 - assets include proceeds from the sale of assets, IRA certificates, CDs, savings and checking accounts, stocks and bonds, jewelry, furniture, automobiles, RVs, other real estate, and life insurance paid on the death of an insured
  • The property you are looking to put the exemption on must be the primary residence of the qualifying owner.

Notes on the Exemption

  • If the property is owned by a husband and wife, only one exemption is given.
  • If the property owner marries at least 5 years prior, can receive the elderly exemption.
  • Property cannot be transferred by a blood relative within 5 years of April 1st of tax year.

Deadline to File

The deadline to file is April 15th.

How to File

Please read the following instructions for the Elderly Exemption here.

To file, please fill out the Elderly Exemption Application (PDF) and a PA-29 (PDF)

The application is also available at the Assessing window at Town Hall, located at:
33 Geremonty Drive
Salem, NH 03079