Tax Relief

Some New Hampshire owners can apply for property tax relief

CONCORD, NH – Low and middle income homeowners in New Hampshire are getting property tax breaks – but the application deadline is fast approaching.

According to the NH Department of Revenue Administration, a single person who owns a home but earned $ 20,000 or less in 2020, as well as a married or householder with an adjusted gross income of $ 40,000 or less, can apply for a property tax break. Applicants must own a homestead that is subject to state education property tax – that is, all but about two dozen, mostly wealthy, communities.

The applicants also had to be resident in the homestead from April 1, 2020. The application deadline is June 30th.

Last year, the DRA has distributed more than $ 886,700 and nearly $ 45 million since the program began in 2002.

“We are committed to providing as much support as possible to our taxpayers,” said the Department’s Commissioner Lindsey Stepp. “Although the COVID-19 situation has improved since then last year, we understand that many face financial challenges. We will work with qualified individuals to ensure they have the opportunity to apply for tax breaks. “

The application form (Form DP-8) is available on the NHDRA website, linked here. The ministry said that older versions of the form will not be accepted. Applicants must also submit their individual income tax returns with the application.

The state tax authority cannot determine a person’s federal tax liability. Applicants unsure whether or not to file state applications can contact the IRS at 1-800-829-1040.

If an applicant is not required to file with the IRS, they should tick the appropriate box on Form DP-8.

Homesteads held in trust must also be verified by presenting an escrow document – however, homeowners who own property in a trust may still be eligible for relief, the department said.

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