On April 8, 2024, City Council voted, effective April 1, 2024, to modify the tax credit amounts for RSA 72:28 - Optional Veterans’ Tax Credit and RSA 72:28-b - All Veterans’ Tax Credit, income and asset amount for the RSA 72:39-a - Elderly Exemption, and exemption amount for the 72:37 -Blind Exemption.
Changes are as follows:
Tax credit amounts for the Optional Veterans’ tax credit and the All Veterans’ tax credit were increased from $200 to $300 per tax year.
Elderly Exemption net income for single applicants was increased to not more than $42,000. The net income for married applicants was increased to not more than $60,000. The asset limit for both single and married applicants, not including your primary residence if it is a single family, of not more than $150,000.
Blind Exemption amount was increased to $125,000.
The deadline for applications for credits and exemptions are due April 15, 2024. Information may be found in the Assessing Office, on the City website at www.concordnh.gov/assessing, or you may call 603-225-8550 or email assessing@concordnh.gov.