Section Rev 409.03 - Additional Eligibility Requirements(a) The applicant shall not be eligible for an elderly exemption unless, in addition to meeting the ownership requirements of Rev 402.03, and the residency requirements of Rev 409.02, the applicant also meets the following requirements:(1) The applicant is 65 years of age or older on April 1 in the tax year in which the elderly exemption is claimed;(2) In the calendar year preceding April 1 in the tax year in which the elderly exemption is claimed, the applicant does not have a net income or, if married, a combined net income, greater than the maximum amount adopted by the municipality in accordance with Rev 413; and(3) The applicant does not own net assets or, if married, combined net assets, greater than the maximum amount adopted by the municipality in accordance with Rev 413.(b) The maximum combined net asset amount for married persons adopted by the municipality shall continue to apply to a surviving spouse until: (1) The sale or transfer of the property by the surviving spouse; or(2) The remarriage of the surviving spouse.N.H. Admin. Code § Rev 409.03
(See Revision Note at chapter heading for Rev 400) #9309, eff 10-30-08; Amended by Volume XXXVI Number 45, Filed November 10, 2016, Proposed by #12027, Effective 10/28/2016, Expires 10/28/2026; renumbered by #12925 (formerly Rev 408.03 )Amended by Number 19, Filed May 9, 2024, Proposed by #13943-B, Effective 4/27/2024, Expires 4/27/2034.