Exemptions for the elderly are covered in Chapter 72:39-a of the statute adopted by the Bedford Town Council.
Elderly Exemption application can be found HERE.

Age Requirement

Applicant must be 65 years old before April 1 of the tax year for which the application is being made.

Income Requirement (2022)*

Single:  $51,520

Married:   $69,680   
*Figures are based on 4 times the 2021 Federal Poverty Level
Income includes:
  • Dividend/interest income
  • Rental income
  • Retirement/pension payments
  • Social security
  • Support from others
  • Wages
The following is not counted as income:
  • Expenses and costs incurred in the course of conducting a business enterprise
  • Life insurance paid on the death of an insured
  • Proceeds from sale of assets


You may be asked to provide a copy of your Federal and State income Tax returns.


Net Assets (excluding the value of your actual residence) may not exceed $150,000. This includes:
  • Bonds
  • Cars
  • CDs
  • Checking accounts
  • Expensive jewelry
  • IRAs
  • Other real estate
  • Savings
  • Stocks

Land as an Asset

You can exclude the greater of up to two acres, or the minimum zoning lot size for a residence in your zoning district. The remainder of the land is included in the $150,000 limit at the fair market value and not the assessed value. “Net Assets” means the value of all assets tangible and intangible, minus the value of any good faith encumbrances.

Residential Requirements

You must have resided in the state for at least 3 years and owned your home individually or jointly on April 1st in the tax year for which you are applying. If the real estate is owned by your spouse, you must have been married for at least 5 years.

Applications for Exemption

Applications (PDF) must be filed by April 15 and not afterwards for current year. The application is permanent as long as you own your home or until your financial circumstances change. The Assessor(s) may review your application during subsequent tax years to determine continuation of eligibility. You must notify the Assessing Staff if you no longer qualify because of changes in income or assets.

Exemption Amounts

Age (as of April 1 of current tax year)
65-74 $90,100
75-79 $96,000
80+ $141,600
The amount of the exemption is subtracted from the total assessment before the rate is applied. The exemption amount is set by the Town Council.