§ 44-3-32. Portsmouth — Tax exemption for the elderly.
(a) The town council of the town of Portsmouth may provide an ordinance for exemptions,
partial or total, from taxation on parcels of real property located in the town which,
as of the date of assessment, are owned and occupied wholly or partially as dwellings
by persons who are citizens and residents of the town and who have attained the age
of sixty-five (65) years. Each exemption is in the form of a credit against the taxes
assessed on the real property. The amount of the credit with respect to each person
is based on the annual income of that person. The maximum income for which each
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§ 44-3-32. Portsmouth — Tax exemption for the elderly.
(a) The town council of the town of Portsmouth may provide an ordinance for exemptions,
partial or total, from taxation on parcels of real property located in the town which,
as of the date of assessment, are owned and occupied wholly or partially as dwellings
by persons who are citizens and residents of the town and who have attained the age
of sixty-five (65) years. Each exemption is in the form of a credit against the taxes
assessed on the real property. The amount of the credit with respect to each person
is based on the annual income of that person. The maximum income for which each stated
credit amount shall be allowed is set by the town council by resolution in January
of each year provided that "income� includes the aggregate income of the person and
all other persons residing with him or her; provided further, that "income� is computed
on a calendar-year basis and includes all income of every nature and description,
whether or not taxable, and whether earned or unearned, and includes but is not limited
to dividends, interest, gross rents, gains, gifts, pensions, all types of compensation,
and social security and veterans' benefits. Only one exemption shall be allowed with
respect to any one building; provided, that the exemption shall be allowed for single
or multiple family dwellings and other buildings so long as the person resides in
the dwelling. The exemption shall not be allowed unless the person entitled to it
has presented to the tax assessor on or before June 1 of each year for which the exemption
is sought an application for the exemption and due evidence that he or she is entitled
to it, including, for example but not by way of limitation, certified birth records,
voter registration records, and statements of annual income sworn or affirmed by the
applicant before a person qualified to administer oaths. Such information shall be
kept confidential by the tax assessor.
(b) Each exemption terminates immediately:
(1) Upon the alienation of the real property;
(2) In the event the person ceases to occupy the real property as his or her dwelling;
or
(3) Upon the death of the person.