Senior, Veteran and Disability Property Tax Relief in New Hampshire

Elderly exemption: each city or town sets the exemption amounts, the income limit for each age group, and a net asset limit. The local income limit may not be less than $13,400 for a single person or $20,400 for married persons, and the asset limit may not be less than $35,000 (excluding the residence and up to the greater of 2 acres or the local minimum lot size). The applicant must have resided in New Hampshire for at least 3 consecutive years preceding April 1 of the year claimed.

Standard veterans' tax credit: $50 of property tax for qualifying resident veterans (generally at least 90 days of active service in a qualifying war or armed conflict, or discharge for a service-connected disability), their spouses and surviving spouses; a city or town may adopt an optional credit of $51 up to $750 (until April 1, 2027) or $51 up to $1,000 (from April 1, 2027) that replaces the standard credit. Service-connected total disability credit: a standard $700 yearly credit on residential property for a veteran the VA certifies as totally and permanently disabled from service, or a double amputee or paraplegic from a service-connected injury, and for a surviving spouse; a city or town may adopt an optional credit of $701 up to $5,000.

Low and Moderate Income Homeowners Property Tax Relief: a rebate of the state education property tax on the homestead for households with income of $37,000 or less (single) or $47,000 or less (married or head of household). The rebate equals the education tax on the lesser of the homestead's assessed value or $220,000 (adjusted by the local equalization ratio), multiplied by an income-based percentage: for single filers 100% below $23,100, 60% from $23,100, 40% from $27,800, and 20% from $32,400 to $37,000; for married/head of household 100% below $29,400, 60% from $29,400, 40% from $35,300, and 20% from $41,100 to $47,000. Apply to the Department of Revenue Administration between May 1 and June 30 following the due date of the final tax bill (late applications may be accepted until November 1 in limited circumstances).