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TAX EXEMPTIONS


BLIND EXEMPTION: RSA 72:37
A resident who is legally blind is determined by the Blind Services Department of Vocational Rehabilitation, Division of the Education Department shall be exempt each year of the assessed value, for property tax purposes, of his or her residential real estate to the value of $30,000. Applications may be obtained from the Assessing Office.
* Applies only to residential property
* Applicant must be determined legally blind by NH Services for the Blind

Certification letters to be obtained from:

State of New Hampshire
Department of Education
Bureau of Services for Blind and Visually Impaired
21 S. Fruit Street, Suite 20
Concord, NH 03301-8530
Tel: (603) 271-3537
Fax: (603) 271-3816

Exemption: $30,000 reduction from the assessed value. Must be filed by April 15.

ELDERLY EXEMPTION: RSA 72:39-B
* The applicant must be 65 years of age on or before April 1st in the year they are applying for the exemption.
* The applicant must have been a New Hampshire resident for three years prior to April 1.
* The applicant must have owned the residence by April 1 individually or jointly, or if the residence is owned by a spouse, they must have been married for at least five years.
* If the applicant received a transfer of real estate from a person under the age of 65, related to him by blood or marriage, within the preceding 5 years, no exemption shall be allowed. RSA 72:40-a. Limitations.
* The applicant must have a net income of less than $25,000. If married, a combined net income of less than $33,000.
* Net income is to be determined by deducting from all monies received from any source whatsoever, 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 with conducting a business enterprise
c. Proceeds from the sale of assets

* The applicant cannot have assets in excess of $75,000, excluding the value of the dwelling. Any units of a multi-family home not occupied by the exemption recipient are considered to be an asset.
* The applicant, meeting the above statute requirements, will receive the following exemptions:
$40,000 Valuation Reduction (65-74 years of age)
$55,000 Valuation Reduction (75-79 years of age)
$75,000 Valuation Reduction (80 or more years of age)
* If your income or asset level changes and you no longer qualify for the exemption, you are obligated by law to advise the Assessing Department.
Applications must be received by April 15th.


DISABLED VETERANS OR WIDOW OF DISABLED VETERANS: RSA 72:35
Any person who has been honorably discharged from the military service and who has a total and permanent service-connected disability, or the surviving spouse of such a person shall receive a yearly tax credit of $1,500 of property taxes on his or her residential property.

* Exemption of $1,500 reduction of total real estate tax bill
* Disability must be total and permanent service-connected injury (regardless of dates served)
* Principle place of abode
* Owner of the property on April 1st of application year
* Apply with copy of letter from Veterans Administration certifying 100% total and permanent disability


VETERAN'S OR VETERAN'S WIDOW CREDIT: RSA 72:28
* A credit of $500.00 from real estate tax bill
* Honorable discharge from service
* Applicant must apply with a copy of DD214 or equivalent
* Applicant must own property on April 1st of year of application
* NH resident for 1 year prior to April 1st of the year of application
* Principle place of abode
* Notify Assessor's Office of any change of address

Must be in the armed service a minimum of 90 days during the following dates:

* April 6, 1917 and November 11, 1918 (extended to April 1, 1920 for service in Russia)
* December 7, 1941 and December 31, 1946 (including U.S. Merchant Marines)
* June 25, 1950 and January 31, 1955
* July 1, 1958 and December 22, 1961 if earned Vietnam service medal or expeditionary medal
* December 22, 1961 and May 7, 1975
* Any other war or armed conflict that has occurred since May 8, 1975, if earned armed forces expeditionary medal or theater of operations service medal

Effective April 1 2006 the Veterans Credit adds the Persian Gulf War to the list of qualifying wars or armed conflicts in which a veteran may have served for eligibility. The Persian Gulf War period began August 2, 1990 and continued until "the date thereafter prescribed by Presidential proclamation or by law."


ELDERLY AND DISABLED TAX DEFERRAL PROGRAM: RSA 72:38-a
Any resident property owner may apply for a tax deferral if the person:

* Is either at least 65 years old or eligible under Title II or Title XVI of the federal Social Security Act for benefits of the disabled; and
* Has owned the homestead for at least 5 years; and
* Is living in the home

Tax deferral may be granted for all or part of taxes due. Annual interest of 5% accrues.
Total tax deferrals shall not be more than 85% of assessed value of a property.
Tax deferral may be granted if in the opinion of the assessing officials the tax liability causes the taxpayer an undue hardship or possible loss of the property.
Applications must be made by March 1st following the issuance of the final tax bill for that year. If property is subject to a mortgage, motgage holder must approve.

 

SOLAR EXEMPTION - RSA 72:61

The solar exemption is equal to the cost, including installation, of the solar energy system up to $20,000.  Per RSA 72:61 solar energy system means a system which utilizes solar energy to heat or cool the interior of a building or to heat water for use in a building and which includes one or more collectors and a storage container.  It also refers to a system which provides electiricity for a building by the use of photovoltaic panels.  It must be an active system, not passive.  Application by April 15th of the tax year with the inclusion of costs (receipts) of the system installed.

 

WIND EXEMPTION - RSA 72:65

The wind exemption is equal to the cost, including installation, of solar energy system up to $20,000.  Per RSA 72:65 wind-powered energy system means any wind-powered devices which supplement or replace electrical power supplied to households or businesses at the immediate site.  Application by April 15th of the tax year with the inclusion of costs (receipts) of the system installed. 


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