[Adopted 3-8-1983 ATM by Art. 3; amended 3-9-2004; 3-13-2007 ATM by Art. 23; 3-12-2019 ATM by Art. 15; 3-10-2020 ATM by Art. 18; 3-9-2021 ATM by Art. 25; 3-8-2022 ATM by Art. 18; 3-28-2023 ATM by Art. 31]
A. 
The Town modifies the provisions of RSA 72:39-a to qualify for the elderly exemption from property tax in the Town of Raymond, based on assessed value, for qualified taxpayers, as follows:
(1) 
The taxpayer must have a net income of not more than $35,490 or, if married, a combined net income of less than $48,116; and
(2) 
Own net assets not in excess of $74,865, excluding the value of the person's residence.
B. 
The exemption amounts will remain the same as follows:
(1) 
For a person 65 years of age up to 75 years: $141,000.
(2) 
For a person 75 years of age up to 80 years: $155,000.
(3) 
For a person 80 years of age or older: $183,000.
To qualify, the person must have been a New Hampshire resident for at least three consecutive 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 to each other for at least five consecutive years.