The optional exemptions, based on assessed value, for qualified
taxpayers shall be as follows: for a person 65 years of age up to
75 years, $45,000; for a person 75 years of age up to 80 years, $60,000;
and for a person 80 years of age or older, $75,000. To qualify, the
person must have been a New Hampshire resident for at least five years
and own the real estate individually or jointly or, if the real estate
is owned by his spouse, they must have been married for at least five
years. In addition, the taxpayer must have a net income of less than
$10,000 or, if married, a combined net income of less than $12,000
and own net assets not to exceed $100,000, excluding the value of
the person's residence.