What are the common exemptions to property taxes?

Property taxes in New Hampshire are levied on many types of property, including real estate, personal property, and vehicles. However, there are some common exemptions that property owners may be eligible to receive. One of the most common exemptions is the elderly exemption. To qualify, the property owner must be at least 65 years of age, have an income of less than $50,000 (for 2020), and have owned and occupied the property as their principal residence for at least three years. Another common exemption is the disabled veterans’ exemption. To qualify, the property owner must have been honorably discharged from the military, have a disability rating of at least 10%, and have owned and occupied the property for at least five years. Finally, there is the veteran’s exemption. To qualify, the property owner must have served in the military for at least 2 years, with at least 1 year of service during a wartime period, and must be a veteran or surviving spouse of a veteran. These are the most common exemptions to property taxes in New Hampshire. While they may provide some relief to property owners, it is important to be aware of other potential tax exemptions that may be available. It is also important to consider any applicable state or local regulations to ensure you are taking advantage of all potential exemptions.

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What are the common exemptions to property taxes?

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