Elderly Exemption

Auburn offers an exemption from a portion of property taxes, for certain low-income elderly property owners.  The application is attached below and available at the town offices.  Income and asset limites were revised by Town Meeting in 2024.  Application Deadline April 15.

Income Limits
Single, widow, divorced - $35,000 (Gross income) Married / civil union - $50,000 (Gross income)

Asset Limits
Assets cannot exceed $50,000 – not including your primary and legal residence in Auburn, NH.
If your residence is a 2 or more-family residence, the multi-unit portion of the property is considered an asset.

Qualifications
• Must be 65 years of age on or before April 1st
• Must be the owner of record on or before April 1st
• Must reside in the State of New Hampshire for 3 consecutive years on or before April 1st
• Married couples/civil unions must be married for 5 consecutive years on or before April 1st
• The residential property for which the property tax exemption is sought must be occupied as their principal place of abode.

Exemption Amount
Applicants meeting all state statutory requirements will be eligible for the following assessment reduction:
65 – 74 years of age $200,000 assessment reduction
75 – 80 years of age $230,000 assessment reduction
80+ years and older $280,000 assessment reduction

Required Documentation
The following documents will be required to verify your eligibility, including but not limited to:
• Complete year end (DECEMBER 1-31st) statements for all bank accounts
• Age verification: a copy of your driver’s licenses, birth certificate or passport
• Entire federal income tax filing with all 1099’s for the year preceding
• Rollover documentation with 1099’s
• Complete year end statements for CD’s, IRA’s, 401K, stocks and/or bonds, money markets, etc…
• Life Insurance Certificate: indicated whole or term policy and statement of value
• Social Security 1099’s
• Statement of VA benefits
• Trust document: entire document if not previously provided

Important
• Failure to apply by April 15th will result in the removal/denial of the property tax exemption
• Failure or refusal to provide income and asset documentation for verification will result in the removal/denial of the property tax exemption
• Should you no longer qualify due to income, asset or a change to your permanent residency, you are obligated to advise the Assessing Department at 603/483-5052 ext. 4.
• If applicant or spouse is receiving a property tax exemption, tax credit or homestead exemption in another town, city or state, applicant is not eligible for a property tax exemption in Auburn.