Merrimack Council reviews elderly tax exemption increases with community input

Merrimack's Town Council is taking significant steps to address the financial challenges faced by its elderly residents. During a public hearing on April 10, 2025, council members discussed proposed changes to the town's elderly tax exemption program, which aims to provide much-needed relief to seniors struggling with rising property taxes.

The council is recommending an increase in the exemption amounts for elderly residents. For individuals aged 65 to 75, the exemption would rise from $85,000 to $115,000. Those aged 75 to 80 would see their exemption increase from $115,000 to $155,000, while seniors over 80 would benefit from a jump from $150,000 to $195,000. These adjustments are expected to provide approximately $700 in tax relief for each group, with a minimal impact of about one cent on the community's overall tax rate.

Community members voiced their support for the proposed increases, highlighting the financial strain many elderly residents face due to skyrocketing property values and taxes. Jane Scofield, a local accountant who assists seniors with their taxes, emphasized the need for further increases, suggesting that the exemption should be adjusted to reflect the significant rise in home values since the last adjustment in 2022. She argued that many seniors are struggling to afford their homes and that even a modest increase in the exemption could make a substantial difference in their financial well-being.

Another resident, Barbara McCormick, echoed these sentiments, advocating for a more equitable approach to tax exemptions based on home value rather than fixed amounts. She expressed concern over the increasing financial burden on seniors, particularly those on fixed incomes, and suggested that seniors over 70 should receive additional tax relief, especially from school taxes.

The council's discussions reflect a growing recognition of the challenges faced by the elderly population in Merrimack. As the town prepares for a revaluation in 2026, these proposed changes aim to provide immediate relief while addressing the long-term sustainability of the tax exemption program. The council is expected to continue deliberating on these recommendations, with the potential for further adjustments to better support the town's senior residents.