North Carolina offers three property tax relief programs for the permanent residence of qualified homeowners. A permanent residence includes the dwelling, the dwelling site (up to one acre), and related improvements.

To apply for the 2024 Property Tax Relief, please complete the application HERE.

1. Elderly or Disabled Exclusion: This program excludes the greater of the first $25,000 or 50% of the appraised value of the permanent residence of a qualifying owner. A qualifying owner must either be at least 65 years of age or be totally and permanently disabled. The owner cannot have an income amount for the previous year that exceeds the income eligibility limit for the current year, which for the 2024 tax year is $36,700. See G.S. 105-277.1 for the full text of the statute.
2. Disabled Veteran Exclusion: This program excludes up to the first $45,000 of the appraised value of the permanent residence of a disabled veteran. A disabled veteran is defined as a veteran whose character of service at separation was honorable or under honorable conditions and who has a total and permanent service-connected disability or who received benefits for specially adapted housing under 38 U.S.C.2101. The applicant must have been disabled as of January 1 of the year in which the benefit is requested. There is no age or income limitation for this program. This benefit is also available to a surviving spouse (who has not remarried) or either (1) a disabled veteran as defined above, (2) a veteran who died as a result of a service-connected condition whose character of service at separation was honorable or under honorable conditions, or (3) a servicemember who died from a service-connected condition in the line of duty and not as a result of willful misconduct. See G.S. 105-277.1C for the full text of the statute.
3.  Circuit Breaker Tax Deferment Program: Under this program, taxes for each year are limited to a percentage of the qualifying owner's income. A qualifying owner must either be at least 65 years of age or be totally and permanently disabled. For an owner whose income amount for the previous years does not exceed the income eligibility limit for the current year, which for the 2024 tax year is $36,700, the owner's taxes will be limited to four percent (4%) of the owner's income. For an owner whose income exceeds the income eligibility limit ($36,700) but does not exceed 150% of the income eligibility limit, which for the 2024 tax year is $55,050, the owner's taxes will be limited to five percent (5%) of the owner's income. (Information source: AV-9 2024 Application for Property Tax Relief)