Do senior citizens get a discount on property taxes in NC?
Answer: Yes but there are strict income limits. I suggest visiting the website of the county the seniors live in. There are also strict time limits for applying.
North Carolina will exclude from property taxes the first $20,000 or 50% (whichever is greater) of assessed value for real property, or a mobile home, occupied by the owner as their permanent residence. The deadline to submit a completed application form is JUNE 1. To qualify for the exclusion, applicants must meet both of the following requirements:
1. Must be 65 years old or older, or totally and permanently disabled. If not 65 years old but total and permanently disabled, you will need a certificate from a physician licensed to practice medicine in North Carolina. It is essential that the certificate state your disability is total and permanent.
2. Total annual income for both applicant and spouse must not exceed $19,700. Income is defined as the adjusted gross income in accordance with the Internal Revenue Service plus other moneys received other than gifts or inheritance from a spouse, ancestor or descendant. For married applicants residing with their spouse, the income of both spouses must be included even if only one is an owner of the property.
You may obtain an application form by calling (919) 856-5400.
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