Taxpayer Exemptions

Exemption Information for Disabled, Elderly, and Blind
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If you are elderly, disabled, blind, a veteran or veteran’s spouse and this is your primary residence, you may be eligible for one or more of the following tax exemptions or credits.  If you feel you may be eligible, you must apply prior to April 15th to be considered for the next tax cycle.  Contact the Assessor’s Office at (603) 529-1515 for additional information on any of the following:

 

Blind ExemptionThe Town of Weare offers a decrease from the assessed value of $15,000 of every inhabitant owning residential real estate, and this must be the applicants primary residence who is legally blind, as determined by the administrator of blind services of the vocational rehabilitation division of the education department.

 

Disabled ExemptionThe Town of Weare offers a decrease from the assessed value of $60,000 of any person eligible under the Federal Social Security Act for benefits to the disabled, and who has been a New Hampshire resident at least 5 years by April 1st of the year the exemption is claimed. This must be the applicants primary residence.

  Income Limits Asset Limits
Disabled Single $  13,400 $  35,000
Disabled Married $  20,400 $  35,000

 

Elderly Tax ExemptionThe Town of Weare offers decreases from the assessed value of $70,000 of any person between the age of 65 to 74 years or age.  Any person between the ages of 75 to 79 years of age $90,000 from the assessed value.  If the applicant is 80+ in years $300,000 from the assessed value of the property based on certain income and asset limitations as follows and who has been a New Hampshire resident at least 3 years by April 1st of the year the exemption is claimed and this must be the applicants primary residence.

  Income Limits Asset Limits
Single – Elderly $  33,000 $  80,000
Married – Elderly $  44,000 $  80,000

                                                                                         

Income Limitations include income from any source including social security or pension but excludes life insurance paid on the death of insured, expenses and costs incurred in the course of conducting a business enterprise; and proceeds from the sale of assets.

Asset Limitations include the value of all assets tangible and intangible but excludes the value of the person’s actual residence and the land upon which it is located up to the greater of 2 acres or the minimum single family residential lot size specified in the local zoning ordinance and the value of any good faith encumbrances.