North Carolina Property Tax Relief

The North Carolina Property Tax Relief programs allow eligible homeowners to exclude a certain amount from the value of their permanent residence for purposes of appraisal for property taxes. Individuals can only claim one of the exclusions even if they are eligible for both. The same application form is used to apply for either of these exclusions.
Elderly or Disabled Exclusion
This program excludes the greater of the first $25,000 or 50% of the appraised value of the permanent residence of a qualifying owner. A qualifying owner must EITHER be at least 65 years of age OR totally and permanently disabled at any age. Furthermore, the owner cannot have income that exceeds $28,000

Disabled Veteran Exclusion
This program excludes up to the first $45,000 of the appraised value of the permanent residence of an honorably discharged veteran who has a total and permanent disability that is service-connected OR receives benefits for specially adapted housing. There is no age or income limitation for this program.

Individuals can only claim one of the exclusions even if they are eligible for both.

Applications for this program must be filed by June 1st, 2013.

Reapplications
If you are approved for the exclusion, you do not need to submit additional applications in future years in order to continue to receive the exclusion. However, you are required to reapply if there is a change in your circumstances that could impact your eligibility for the exclusion (for example, your permanent residence has changed, your income not exceeds the current annual income limit, or your disability status has changed). If you are unsure about whether you need to reapply or not in future years, please contact your County Tax Assessor.

The relevant tax assessment year is from July 1, 2013 through June 30, 2014; the benefit will be effective for this year.

Last Update 3/2013