Homestead Exclusion for Senior and Disabled Citizens

State

North Carolina

Year

2018

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Exemption

Benefit

Qualifying owners shall receive an exemption from assessed value equal to the greater of the first $25,000 or 50% of the appraised value of the residence.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for the relief. Up to one acre of land on which the residence is located is also eligible for the exclusion. Residential property can include a single family residence, an unit in a multi-dwelling complex, or a manufactured home.

Eligibility Criteria

Age

Disability

Homeowner

Income Ceiling

Description of Eligibility Criteria

The applicant must be at least 65 years old or be totally and permanently disabled. They must not exceed an income threshold set forth below. Additionally, they must be a North Carolina resident. For 2019, an applicant's 2018 income cannot exceed $30,200. For 2018, an applicant's 2017 income cannot exceed $29,600. The limit was adjusted annually by the percentage of any cost-of-living adjustment made to Social Security. Income is defined as all money received from every source including Social Security benefits, retirement payments, proceeds from insurance policies, interest, dividends, etc. A person is totally and permanently disabled if they have a medical impairment that prevents them from obtaining gainful employment. It also must appear reasonably certain that the disability will continue without substantial improvement. Application deadline is 1 June annually.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

Local government covers all of its tax loss

Description of State Funding for Tax Loss

The statue is silent regarding whether or not the state reimburses the local governments for any tax loss.

Record ID

NC101_RR18

Footnotes

An owner who receives this benefit may not receive other property tax relief. An otherwise qualifying owner does not lose the benefit because of a temporary absence from their residence for medical reasons or if the qualified owner is confined to a rest home or nursing home. During this period, the residence must be unoccupied or occupied by the owner's spouse or other dependent. To receive the benefit, an application must be submitted by June 1st of the year preceding the year that the benefit is claimed.

Sources

N.C. Gen. Stat. § 105‑277.1 (in effect for 2018)
Application for Property Tax Relief
Property Tax Forms, North Carolina Department of Revenue, (2019)
[https://www.ncdor.gov/documents/av-9-2019-application-property-tax-relief Accessed 11/07/2018]
View Archived Source

2018 Application for Property Tax Relief - Elderly or Disabled Exclusion, North Carolina Department of Revenue (2018)
[https://files.nc.gov/ncdor/documents/files/av-9_2018.pdf Accessed on 10/31/2018]
View Archived Source
Application for Property Tax Relief
Property Tax Forms, North Carolina Department of Revenue, (2018) [https://www.ncdor.gov/taxes-forms/property-tax/property-tax-forms#exemption-and-exclusion-forms accessed 06/26/2018]
View Archived Source

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