Londonderry veterans seek increased property tax relief amid rising housing costs

During a recent New Hampshire Senate meeting on March 25, 2025, discussions centered around the urgent need for increased tax relief for disabled veterans, particularly in the town of Londonderry. Veteran advocates highlighted the financial struggles faced by many, emphasizing that current tax credits are insufficient to keep pace with rising living costs and property taxes.

One veteran, who shared his personal experience of homelessness during his service, underscored the importance of tax relief in maintaining housing stability. He noted that the existing annual tax credit of $4,000 is quickly eroded by inflation and escalating property values, which have seen homes in Londonderry priced at over $6 million. This situation has made it increasingly difficult for veterans and low-income residents to afford living in their communities.

The meeting also explored potential changes to the tax credit structure. A proposal was discussed to shift from a fixed dollar amount to a percentage-based system, allowing towns to adjust tax credits based on local needs. This approach aims to provide more flexibility and ensure that tax relief keeps pace with property tax increases.

Advocates for veterans, including the speaker and fellow advocate Mara, called for greater awareness and support for the approximately 250 homeless veterans in New Hampshire. They stressed the need for local control in determining tax relief measures, which could empower towns to better support their veteran populations.

As the meeting concluded, the Senate acknowledged the importance of these discussions and the need for continued advocacy to ensure that veterans receive the support they deserve. The proposed changes to the tax credit system could significantly impact the financial well-being of veterans and their families, making it a critical issue for future legislative action.