Short answer
Yes, if your town agrees it's a hardship. Under RSA 72:38-a, a homeowner who is 65 or older, or eligible for Social Security disability benefits, can ask to put off all or part of the property tax on the home they live in. The deferred taxes become a lien on the home, with interest at 5 percent a year, and are repaid when the home is sold or the owner passes away. Apply by March 1 after the tax bill.
Who qualifies?
- You're 65 or older and have owned your home for at least five years in a row, or
- You're eligible for Social Security disability benefits and have owned your home for at least a year.
- You live in the home.
- The town's assessing officials agree that the tax would cause undue hardship or could cost you the home.
The town decides each year, and towns can require you to reapply annually.
How much can be deferred?
All or part of the tax, up to a total of 85 percent of your equity, meaning the home's equalized value minus the mortgage and other earlier liens. Interest builds at 5 percent a year on the deferred amount, and the deferral is recorded at the county registry of deeds.
Do I need my lender's OK?
Yes. If you have a mortgage, the mortgage holder has to approve the deferral. The town's lien stays behind your mortgage. If your taxes are paid through escrow, talk with your servicer first so your escrow payments are adjusted. See NH tax bills and escrow.
When does it have to be repaid?
When you sell or transfer the home, the deferred taxes and interest are due, and the town records a release once they're paid. When the owner passes away, heirs have the first right to pay it off and keep the home. In either case, the town can send the amount to the tax collector if it isn't paid within nine months.
What other options should I compare?
The elderly exemption, the veterans' credits and the state's low and moderate income homeowners property tax relief can lower the bill instead of deferring it; see NH property tax relief. Homeowners 62 or older might also compare a reverse mortgage or a HELOC. Tom can help you compare the loan side.
Sources
Checked November 2, 2026. Rules and dates change, so confirm current details before you rely on them.
General information only, not tax or legal advice. Program availability, eligibility and terms vary by lender and are subject to change and to underwriting approval. Not a commitment to lend.