[Adopted 6-8-1999 by Ord. No. O-98-15 (Sec. 2-742 of the 1987 Code); amended 10-24-2000 by Ord. No. O-00-91; 9-28-2004 by Ord. No. O-04-44; 3-22-2005 by Ord. No. O-05-74; 10-11-2005 by Ord. No. O-05-118]
[Amended 1-23-2007 by Ord. No. O-06-69; 11-27-2018 by Ord. No. O-18-029; 11-12-2019 by Ord. No. O-19-063; 12-13-2022 by Ord. No. O-22-036; 2-25-2025 by Ord. No. O-24-044]
The City of Nashua hereby adopts the provisions of New Hampshire Revised Statutes Annotated 72:37-b, as they may be amended from time to time, relative to exemption for the disabled. The optional exemption, based on assessed value, for qualified taxpayers shall be as follows:
A. 
Any person who is eligible under Title II or Title XVI of the Federal Social Security Act for benefits to the disabled shall receive a yearly exemption in the amount of $256,000 in the tax year beginning April 1, 2024, and $305,000 in the tax year beginning April 1, 2025.
B. 
A person who is eligible under Title II or Title XVI of the Federal Social Security Act on his or her sixty-fifth birthday shall remain eligible for a yearly exemption either in the amount of the exemption applicable under Subsection A or the amount of the elderly exemption granted to the person under § 295-3, whichever is greater.
C. 
Any person who at any time previously was eligible under Title II or Title XVI of the Federal Social Security Act for benefits to the disabled, but who is no longer eligible for such federal benefits due to reasons other than the status of that person's disability, shall be eligible for the exemption under Subsection A or B, provided that the person submits an affidavit from a physician licensed in New Hampshire that attests to the fact that the person continues to meet the criteria for disability that are used under Title II or Title XVI of the Federal Social Security Act.
D. 
The exemptions in Subsections A and B may be applied only to property which is occupied as the principal place of abode by the disabled person. The exemption may be applied to any land or buildings appurtenant to the residence or to manufactured housing if that is the principal place of abode. Nothing in this section shall preclude a qualified applicant from earning an income.
[Amended 11-24-2009 by Ord. No. O-09-78; 11-12-2019 by Ord. No. O-19-063; 12-13-2022 by Ord. No. O-22-036; 2-25-2025 by Ord. No. O-24-044]
A. 
No exemption shall be allowed under § 295-8 unless the person applying for an exemption:
(1) 
Had, in the calendar year preceding April 1, 2023, a net income from all sources of not more than $54,000, or if married, a combined net income from all sources of not more than $54,000. Starting in the calendar year preceding April 1, 2025, had a net income from all sources of not more than $57,000, or if married, a combined net income from all sources of not more than $67,000. The net income shall be determined by deducting from all moneys received, from any source including social security or pension payments, 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 in the course of conducting a business enterprise; and
(c) 
Proceeds from the sale of assets.
(2) 
Owns net assets not in excess of $162,000, excluding the value of the person's actual residence and the land upon which it is located, up to two acres. Starting for the April 1, 2025, tax year, owns net assets not in excess of $171,000, excluding the value of the person's actual residence and the land upon which it is located, up to two acres. "Net assets" means the value of all assets, tangible and intangible, minus the value of any good-faith encumbrances. "Residence" means the housing unit and related structures, such as an unattached garage or woodshed, which is the person's principal home, and which the person in good faith regards as home to the exclusion of any other places where the person may temporarily live. "Residence" shall exclude attached dwelling units and unattached structures used or intended for commercial or other nonresidential purposes.
(3) 
Has been a New Hampshire resident for at least five years.
B. 
Additional requirements for an exemption under § 295-8 shall be that the property is:
(1) 
Owned by the resident;
(2) 
Owned by a resident jointly or in common with the resident's spouse, either of whom meets the requirements for the exemption claimed;
(3) 
Owned by a resident jointly or in common with a person not the resident's spouse, if the resident meets the applicable requirements for the exemption claimed; or
(4) 
Owned by a resident, or the resident's spouse, either of whom meets the requirements for the exemption claimed, and when they have been married to each other for at least five consecutive years.