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Bill would let towns exempt part of residential value for residents aged 72+; municipal association warns of broad tax shift
Summary
Sponsor said the local option targets long‑term New Hampshire residents; the New Hampshire Municipal Association opposed the bill as written because it lacks means testing and could shift significant tax burden to other taxpayers.
Representative Belcher introduced House Bill 101 on Jan. 13, a local‑option measure that would let municipalities exempt up to $530,000 of residential valuation for residents age 72 and older who meet several residency and ownership conditions.
Belcher said the measure targets longtime New Hampshire residents who have lived in the state at least 10 years and held title on their property at least two years; the bill applies only to the residential portion of property and excludes attached dwelling units…
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