Disabled Exemption

The Town of Northwood has adopted an exemption for the disabled. Any person who is eligible under Title II or Title XVI of the federal Social Security Act for benefits to the disabled can receive a yearly exemption, if qualified.

Exemption: $15,000 reduction from the assessed value.

Deadline

Filing deadline is April 15. Applications are accepted after January 1.

Filing Procedures

1.) An Income and Asset Statement, covering the full calendar year preceding April 1st, must be completed and documentation submitted to the Assessor’s Office.

2.) A permanent application for property tax credits must be completed and submitted to the Assessor’s Office.

Summary of Disabled Exemption Eligibility Requirements

  • Must be the owner of record on or before April 1.
  • Must reside in the State of New Hampshire for 5 consecutive years on or before April 1.
  • If real estate is owned by a spouse, they must have been married for 5 consecutive years on or before April 1.
  • Must occupy the property as their principal place of abode to qualifying for the exemption.
  • Must be under the age of 65 on April 1. (Social Security disability benefits convert to retirement benefits at age 65. Taxpayer may apply for the elderly exemption.)

Income Qualifications

Income qualifications will include any net income (not adjusted) from all sources in the calendar year preceding April 1st.

  • Single person income not to exceed $18,000
  • Married persons joint income not to exceed $26,500

Asset Qualifications

Asset qualifications will include any assets as of the date of the application

  • Assets not to exceed $35,000 (excluding the home they reside in)
  • Any other real estate owned anywhere (individually, jointly, in common, fractional etc.) including land, mobile homes, condos, timeshares, etc.
  • Checking and/or savings account balances
  • CD’s, IRA’s, mutual funds, stocks, bonds, annuities, etc.
  • Any and all vehicles registered in your name including motor vehicles, cars, trucks, RV's, trailers, etc
Forms
    • You might need the free Acrobat Reader to view or print these PDF form(s).
    • Download, print, fill-out/complete the form(s), sign and date the form(s).
    • Submit the form(s) with required documents listed above to the Town of Northwood Assessing Office
    • FORMS REQUIRED:
    • 1.)TAX EXEMPTION QUALIFICATIONS / REQUALIFICATIONS WORKSHEET
    • 2.) PERMANENT APPLICATION FOR PROPERTY TAX CREDITS/EXEMPTIONS - PA-29 FORM
    • 3.) PROOF OF DISABILITY
    • 4.) IF PROPERTY/ESTATE IS IN A TRUST - PA-33 FORM
    Assessing