Does North Carolina offer special housing tax benefits for older citizens?
North Carolina offers older and disabled homeowners the Homestead Exemption, which allows qualifying homeowners a reduction on their property tax. The first $20,000 in appraised value of a permanent residence owned and occupied by a qualified owner is excluded from taxation. A qualifying owner: (1) is at least 65 years of age or totally and permanently disabled; (2) has an income for the preceding calendar year of not more than $15,000; and (3) is a North Carolina resident. For more information, contact your local county tax office.
