Elderly & Disabled Tax Deferrals

ELDERLY & DISABLED DEFERRAL GUIDELINES under RSA 72:38-a

A Deferral is a postponement of your payment for property tax bills. 

FILING PERIOD:

  • After the December tax bills are mailed out 
  •  Deadline is March 1st of the following year

TO QUALIFY YOU MUST:

  • An Application, State Form PA-30, and the Income and Expense form must be completed and filed with the Assesseing Department after the December tax bill is received and no later than March 1st of the following year. Click here to download the Elderly & Disabled Tax Deferral Application Packet
  • Be at least  65 years of age ; OR eligible under Title II or Title XVI of the federal Social Security Act for benefits for the disabled
  • Have owned the homestead for at least 5 consecutive years if the person qualifies as an elder applicant, OR has owned the homestead for at least one year if the person qualifies as a disabled applicant
  • Be living in the home
  • If property is subject to a mortgage, the mortgage holder must approve in writing
  • A tax deferral may be granted for all or part of taxes due,  if in the opinion of the assessing officials the tax liability causes the taxpayer an undue hardship or possible loss of the property

IFYOUR APPLICATION FOR TAX DEFERRAL IS APPROVED

  • A lien is placed on your property
  • There is an annual interest of 5% added to the deferral amount
  • The total tax deferrals shall not be more than 85% of the of the properties equity value
  • You may repay the City at any time you are able
  • When the owner of a property subject to a tax deferral dies, the heirs, heirs-at-law, assignee, or devisee shall have first priority to redeem the estate by paying in full the deferred taxes plus any interest due.  If the heirs, heirs-at-law, assignees, or devisees do not redeem the property within 9 months of the date of death of the property owner, the municipality may commit the accrued amount of the deferral to the collector of taxes with a warrant signed by the assessing officials requiring him or her to collect it.
  • When the owner of a property subject to a tax deferral sells or otherwise conveys the property, the owner or grantee shall pay in full the deferred taxes plus any interest due and the municipality shall provide recorded written release or satisfaction of the notice of tax deferral. If the owner or grantee, who shall be deemed to have notice of and shall take title to the property subject to the notice of tax deferral, does not pay the accrued amount on the property within 9 months of the date of sale or conveyance of the property, the municipality may commit the accrued amount of the deferral to the collector of taxes with a warrant signed by the assessing officials requiring him or her to collect it.
  • If your property is held in a trust, you must supply a copy of theTrust, Trust Amendments, and a ‘Statement of Qualification’ PA-33 form with the Assessing Department

You must notify the Assessor’s Office of any change in address or status.