[Adopted 9-19-1989]
[Amended 9-14-1998 by Ord. No. 98-4; 6-3-2002 by Ord. No. 03-02; 2-19-2003 by Ord. No. 03-03; 1-5-2004 by Ord. No. 06-04; 3-1-2004 by Ord. No. 07-04; 4-4-2005 by Ord. No. 10-05; 11-5-2018 by Ord. No. 04-19; 2-6-2023 by Ord. No. 06-23[1]]
The optional adjusted elderly exemptions shall be, for a person 65 years of age up to 75 years, $76,600; for a person 75 years of age up to 80 years, $116,100; for a person 80 years of age or older $267,000 of assessed value. To qualify the person must have been a New Hampshire resident for at least five years, own the real estate individually or jointly, or if the real estate is owned by such person's spouse, they must have been married for at least five years. In addition, the taxpayer must have a net income of not more than $35,800 or, if married, a combined net income of less than $44,700, and own net assets not in excess of $74,300 excluding the value of the person's residence. Under no circumstances shall the amounts of the exemption for any age category be less than $5,000.
[1]
Editor's Note: This ordinance provided an effective date of 4-1-2023.