Bill > HB101

This bill creates a new property tax exemption for elderly homeowners in New Hampshire, allowing towns and cities to provide tax relief for residents who are 72 years of age or older. To qualify, an individual must have lived in New Hampshire for at least 10 consecutive years, own their primary residence (either individually or jointly) for at least 2 consecutive years, and have a residence valued up to $530,000. The exemption ensures that qualifying taxpayers receive at least $5,000 in tax relief, and defines "residence" as the housing unit and related structures that the person considers their primary home, excluding commercial or non-residential spaces. The bill allows municipalities to adopt or rescind this exemption through a specific procedure, and expands the definition of property ownership to include properties held in grantor/revocable trusts or with beneficial life interests. Homeowners must apply for the exemption by April 15, filing a signed application with their local selectmen or assessors, and they have the right to appeal if their application is denied. The new tax exemption will take effect on April 1, 2026, providing potential financial relief for senior homeowners in the state.

Government Affairs

https://gc.nh.gov/bill_status/legacy/bs2016/bill_docket.aspx?lsr=8&sy=2025&sortoption=&txtsessionyear=2025&txtbillnumber=HB101