City of Nashua Elderly Exemption (RSA 72:39-a:)
The City of Nashua has adopted an Elderly Exemption program. The exemption is subtracted from the property assessment. The exemption for those who qualify is:
Exemptions: 65-74 years of age as of April 1st = $155,000
75-79 years of age as of April 1st = $180,000
80 years of age and older as April 1st = $225,000
Filing deadline is April 15, 2010 ****Applications accepted after January 1, 2010****
Filing Procedures:
1) An Income and Asset Statement, covering the full calendar year preceding April 1st, must be completed and submitted at the Assessor’s Office.
2) A permanent record card must be signed in person at the Assessor’s Office.
SUMMARY OF 2010 ELDERLY EXEMPTION ELIGIBILITY REQUIREMENTS
- Must be 65 years of age on or before April 1, 2010.
- Must be the owner of record on or before April 1, 2010.
- Must reside in the State of New Hampshire for 3 consecutive years on or before April 1, 2010.
- Married couples must have been married for 5 consecutive years on or before April 1, 2010.
- Must occupy as their principal abode the property qualifying for the elderly exemption.
Income qualifications include any net income (not adjusted) from all sources in the calendar year preceding April 1st.
- Single person income not to exceed $36,000
- Married persons joint income not to exceed $40,000
Asset qualifications will include any assets on the date of application.
- Assets not to exceed $125,000 (excluding the home they reside in)
- Any other real estate owned anywhere (individually, jointly, in common, fractional etc.) including land, mobile homes, condos, timeshares, etc.
- Checking and/or savings account balances
- CD’s, IRA’s, mutual funds, stocks, bonds, annuities
- Any and all vehicles registered in your name including motor vehicles, cars, trucks, RV's and trailers
The following documents will be required to verify eligibility: (Please bring documentation with you when applying.)
- Property Tax Inventory Forms filed in any other town
- Federal income tax forms including all 1099 forms
- State interest and dividends tax forms
- Statements for checking and/or savings accounts
- Statements for CD, IRA, stocks and/or bonds
- Statements of Social Security income
- Statement of VA benefits
- Drivers license or birth certificate
- Documentation of any fuel, electric or finanical assistance received
Click here for the 2010 Elderly Exemption Application form.
Applications for the 2010 tax year will also be available in the Assessors Office after January 1, 2010. Application filing deadline is April 15, 2010.