Exemptions are a reduction in the assessed value of your property. Application forms are available in the Assessing Office at Town Hall. The following exemptions are available in Amherst:
- 65 to 74 Years Old $71,000
- 75 to 79 Years Old $107,000
- 80 Years Old or Older $142,000
Blind Exemption: $35,000
Disabled Exemption: $61,000
Solar Energy Exemption: 100% of the Added Value
Elderly Exemptions: To qualify, the applicant must have been a New Hampshire resident for at least three (3) 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. In addition, the taxpayer must have a net income* of not more than $41,760 or, if married, a combined net income* of less than $57,000 and own net assets not in excess of $150,000 excluding the value of the person’s residence and two acres of land.
*Net income as defined in RSA 72:39-a is determined by deducting from “all monies received” including social security or pension payments, the amount of any of the following: Life insurance paid on the death of an insured; expenses and costs incurred in the course of conducting a business enterprise; and/or proceeds from the sale of assets.
Blind Exemptions: To qualify, the applicant must be legally blind as determined by the blind services program, bureau of vocational rehabilitation, department of education.
Disabled Exemptions: To qualify, the applicant must be eligible under the federal Social Security Act for benefits to the disabled, must meet the income and asset requirements as stated in the elderly exemption qualifications, and must have been a New Hampshire resident for at least 5 years prior to April 1st.
Solar Energy Exemption: To qualify, the applicant must provide evidence (through a finalized building permit or a physical inspection) of the existence of functioning solar energy equipment in the residence. The exemption is equal to 100% of the added valuation of the solar heating or cooling system so there is no added tax to the property owner for a solar energy system.