Application for Property Tax Credits/Exemptions

Per the 2020 Grafton Town Warrant, Articles 17 & 18

RSA 72:28b, the All Veteran's Tax Credit was adopted.  Any resident, spouse or surviving spouse of any resident who served not less than 90 days on active service in the armed forces of the United States and was honorably discharged or an officer honorably separated from services and is not eligible for or receiving a credit under RSA 7:28 or RS A72:35 is eligible to receive a $500 credit (the same amount as the Standard or Optional Veterans Tax Credit previously adopted.)

The Elderly exemption for property tax in the Town of Grafton is based on assessed value for qualified taxpayers as follows: for persons 65 years of age up to 74 years, $25000; for persons 75 years of age to 79 years of age $30,000; for persons 80 years of age or older $35,000. To qualify the person must have been a New Hampshire resident for at least three consecutive 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 to each other for at least 5 consecutive years. In addition, the taxpayer must have a net income of not more than $25,000 or if married, a combined net income of less than $36,000 and own net assets not in excess of $40,000 (if single) or $50,000 (if married), excluding the value of he person's residence.