AMENDED ELDERLY EXEMPTION PER TOWN MEETING 03/13/03

The Town of Wilton has modified the Elderly Exemptions per RSA 72:39 from property tax in the Town of Wilton, based on assessed value, for qualified taxpayers, to be as follows:

    For a person 65 years of age up to 75 years     $15,000
    For a person 75 years of age up to 80 years     $20,000
    For a person 80 years of age or older               $30,000

To qualify a person must have been a resident for at least five years, own real estate individually or jointly, or if the real estate is owned by such person's spouse, they must have been married for at least five years.  In addition, the taxpayer must have a net income of not more than:

    $20,000 for a single person
    $40,000 for a couple

and own assets not in excess of $50,000 excluding the value of the person's residence.

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