Tax Relief in North Carolina,

 

Certain homeowners may qualify for one of three programs offering property tax relief in the state.

1. Low Income Homestead Exclusion  North Carolina allows low-income homestead exclusions for qualifying individuals. Qualifying owners must apply with the Assessor's Office between January 1 and June 1. If you qualify, you can receive an exclusion of either $25,000, or 50% (whichever is greater) of the taxable value  of your residence. The taxable value is determined as of January 1 of the year for which the exclusion is claimed.

Requirements:

  • The applicant's name must be on the deed or title to the residence.
  • The residence must be the applicant's primary residence.
  • The applicant must be:
  1. A North Carolina resident.
  2. At least 65 years of age or totally and permanently disabled. Total and permanent disability is a disability that substantially hinders a person from obtaining gainful employment.
  3. If claiming disability, must provide proof of disability in the form of a certificate from a physician licensed to practice medicine in North Carolina or from a governmental agency authorized to determine qualification for disability benefits.
  4. Meet the combined spousal income eligibility limit*, whether or not both spouses are on the title. Income determination is described below.

 

2. Disabled Veterans Homestead Exclusion North Carolina excludes from property taxes the first $45,000 of assessed value for specific real property or a manufactured home which is occupied as a permanent residence by a qualifying owner.

Applicants for this exclusion must meet the following requirements, regardless of age or income:

  • Be an honorably discharged veteran who has a 100% total and permanent disability that is service-connected or be the unmarried surviving spouse of a qualifying veteran.
  • Be certified by the U. S. Department of Veterans Affairs of the permanent total disability that is service-connected.
  • Be a qualifying veteran with specially adapted housing per 38 U.S.C. 101.
  • There is no age or income requirement.