If you intend to apply for the Elderly or Disabled Exclusion which offers property tax relief, the deadline is this week! With a June 1 deadline and Memorial Day on Monday, you're almost out of time. The property tax relief program lets elderly or totally and permanently disabled homeowners in North Carolina exclude the greater of the first $25,000 or half of the appraised value of their permanent residence. So, it can save quite a bit of money in property taxes. Still, homeowners must apply … 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...