Too many people think they're stuck renting, but help is out there. Some programs specifically exist to help renters with low to moderate income achieve home ownership. Mortgage Credit Certificate (MCC) The NC Housing Finance Agency lets qualifying home owners claim a tax credit up to $2,000 every year they live in the home. The Mortgage Credit Certificate (MCC) can significantly reduce your federal income liability and leave you with more money to put toward mortgage payments. Typically, it … Continue reading...
NC Property Tax Relief Deadline Approaching For Disabled Veterans
North Carolina's disabled veterans may qualify for property tax relief. The tax relief program excludes up to the first $45,000 of the appraised value of the disabled veteran's permanent residence. Unlike other tax relief programs, North Carolina set no income limit for this tax relief for veterans. A disabled veteran must have their character of service at separation listed as honorable or under honorable conditions to qualify. Also, the disabled veteran must have a total and permanent … Continue reading...
North Carolina Application for Property Tax Relief Must Be Filed Annually, Deadline: June 1st
North Carolina property owners should be aware that the annual Application for Property Tax Relief is due by June 1 this year. The Application for Property Tax Relief extends to people who are elderly or disabled or are disabled veterans. Applications for the following three property tax relief programs are due in less than one month: Elderly or Disabled Exclusion (G.S. 105-277.1) Disabled Veteran Exclusion (G.S. 105-277.1C) Circuit Breaker Tax Deferment Program (G.S. … Continue reading...
Property Tax Relief Options Offered By North Carolina
Did you know that some North Carolina homeowners can benefit from one of three state programs that offer property tax relief? It's true! If you are a disable vet, low-income, or elderly, you might qualify for property tax relief! Deferral Program for Disabled or Elderly Homeowners The first program is a deferral program. It makes it so that eligible property owners can defer their property taxes to pay at a future date. Many choose to use this program until they sell their property. It … Continue reading...