Tax Credits and Exemptions

Tax Credits available for New Hampton property owners:


    Veteran's standard tax credit ($500)
    All Veteran's Tax Credit ($500)
    Service Connected Total Disability credit ($2,000)


Tax Credits are deducted from the taxes due.


Exemptions available for New Hampton property owners:


Elderly  as follows:
 

Income and Asset Limitations

 

Income - Single

Income - Married          

Asset Limit - Single / Married

$30,000                        

$40,000                        

$75,000

 

Amount of Exemption

 

65 to 74 years of age       

75 to 79 years of age       

80+ years of age

$35,000

$45,000

$125,000                               

 


Disabled (based on qualifying improvements to property)


Blind ($15,000)


Exemptions are deducted from the assessed value of the property prior to applying the tax rate.

All credits and exemptions require submission of a completed Form PA-29, Permanent Application For Property Tax Credit/Exemptions, which may be obtained at the Selectmen’s Office or mailed by request. Additional documentation is required with submission of the application. Please contact the Selectmen’s Office for list of required documentation and qualification guidelines.