Town of Hopkinton Elderly Exemption (RSA 72:39-a:) |
The Town of Hopkinton has adopted an Elderly Exemption program. The exemption is subtracted from the property assessment. The exemption for those who qualify is:
65 years of age and older as of April 1, 2008 = $60,000
Filing deadline is April 15, 2008 for the 2008 Tax Year
Filing Procedures:
A financial form, covering the full calendar year preceding April 1st, must be completed and submitted at the Assessor’s Office.
A permanent record card must be signed in person at the Assessor’s Office.
Listed below are the qualifications:
2007 ELDERLY EXEMPTION ELIGIBILITY REQUIREMENTS
Must be 65 years of age on or before April 1, 2008.
Must be the owner of record on or before April 1, 2008.
Must reside in the State of New Hampshire for 3 years on or before April 1, 2008.
Married couples must have been married for 5 years on or before April 1, 2008.
Must occupy as their principal abode the property qualifying for the elderly exemption.
Income qualifications will include any income from all sources in the calendar year preceding April 1st.
Single person income not to exceed $30,000
Married persons joint income not to exceed $40,000
Asset qualifications will include any assets on the date of application
Assets not to exceed $150,000 (excluding the home in which they reside)
All other real estate owned
Checking and/or savings account balances
CD’s, IRA’s, mutual funds, stocks, bonds
Automobile(s)
The following documents will be required to verify eligibility: (Please bring documentation with you when applying.)
Federal income tax forms
State interest and dividends tax forms
Statements for checking and/or savings accounts
Statements for CD, IRA, stocks and/or bonds
Revised: 05/21/2007
| 
