North Carolina offers three property tax relief programs for the permanent residence of qualified homeowners. The owner must meet all eligibility requirements as of January 1st of the year in which they are applying for relief:
Elderly or Disabled Exclusion: Applicants must be 65 years of age or totally and permanently disabled. In addition, the previous year's total income for both the applicant and the spouse cannot exceed $38,800. For unmarried joint property owners, each owner must apply separately, and benefit limitations may apply based on the percentage of ownership.
Circuit Breaker Tax Deferment Program: Applicants must be 65 years of age or totally and permanently disabled. The previous year's total income for both the applicant and spouse cannot exceed $58,200. For unmarried joint property owners, each owner must apply and qualify separately. In addition, all owners must have owned and occupied the residence for the previous five years.
Disabled Veteran Exclusion: Honorably discharged disabled veterans or their unmarried surviving spouse may be eligible for a reduction in property tax. There are no age or income limitations on this program. To request an application for tax relief, please call our office at 910-875-8751 or click on the link at the left.
The deadline to submit an application is June 1 of the current year.