What it means: This Article has the same wording as Article 29, but applies to people with disabilities. It concerns the amount of assessed value that is subtracted from the property valuation before calculating taxes owed for people who meet the criteria. For these purposes, a person is considered “disabled” if he or she meets the criteria for disability that are used under Title II or Title XVI of the federal Social Security Act.
For perspective, in 2022 (the most recent year published by the state of NH as of this writing) exemptions reduced the Town’s taxable Valuation by roughly $30 Million, of which the exemption for people with disabilities represents about 8% or $38,000 redistributed.
Fiscal impact: There is no direct tax impact, but to the degree that this Article, if approved, reduces the taxable base, it will mean that other taxpayers will pick up the difference.