[Adopted 9-9-1991 by Ord. No. O91-01[1] ]
[1]
Editor's Note: This ordinance also superseded former Art. VI, Optional Adjusted Elderly Tax Exemption, adopted 10-13-1987 by Ord. No. O87-6.
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.