Age alone does not qualify you to receive the elderly exemption. On March 17, 2009, the Mayor and City Council adopted a resolution granting the elderly exemption. As part of this resolution, they set guidelines for income and assets. Income from all sources for a single person should not exceed $18,900. and for a married couple it should not exceed $26,400. Assets should not exceed $35,000. excluding the value of a person’s residence and land upon which it is located up to two acres. Therefore, the Board of Assessors needs proof that you meet the guidelines set. The taxpayer must provide supporting documentation as noted on the questionnaire. The taxpayer must also have been a New Hampshire resident for at least five years, own the real estate individually or jointly, or if the real estate is owned by such person’s spouse, they must have been married for at least five (5) years.