Tax Deferrals

Elderly and Disabled Tax Deferral Program (RSA 72:38-a)

Any resident property owner may apply for a tax deferral if the person:

• Is either at least 65 years old or eligible under Title II or Title XVI of the federal Social Security Act for benefits of the disabled; and
• Has owned the homestead for at least 5 years; and
• Is living in the home

Tax deferral may be granted for all or part of taxes due, if in the opinion of the Assessing officials the tax liability causes the taxpayer an undue hardship or possible loss of the property. Applications must be made by March 1st following the issuance of the final tax bill for that year. If the property is subject to a mortgage, the mortgage holder must approve. Total tax deferrals shall not be more than 85% equity of assessed value of a property. Each approved deferral is recorded as a lien with Grafton County Registry of Deeds and accrues annual interest at 5%.

Elderly and Disabled Tax Deferral Application