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Propertytax Relief
Propertytax Relief
North Carolina residents who are 65 years old or older, or who are totally and permanently disabled are entitled to some relief from property taxes if they meet certain requirements. To get tax relief, you must: Be a North Carolina resident 65 years old or older, or totally and permanently disabled; and Have an income of not more than $25,600 per year (as of August 2008; income cutoff is increased annually based on cost-of-living). Homeowners whose incomes are too high for the property tax exemption may be able to apply for a partial property tax deferral. In addition, partial exemptions may be allowed in cases where the property is owned by two or more non-spouse owners where one is eligible and the other is not (e.g., mother and daughter).
3508 Bush Street Raleigh, NC 27609-7509 PO Box 28066 Raleigh, NC 27611-8066 919-877-5700 www.nchfa.com
No tax dollars were used for this brochure - it was funded in part with a grant from the Office of the Commissioner of Banks