North Carolina excludes from property taxes a portion of the appraised value of a permanent residence owned and occupied by North Carolina residents aged 65 or older or totally and permanently disabled whose income does not exceed $29,500 annually. The amount of the appraised value of the residence that may be excluded from taxation is the greater of twenty five thousand dollars ($25,000) or fifty percent (50%) of the appraised value of the residence. Income is defined as monies received from every source including Social Security benefits, retirement payments, proceeds from insurance policies, interest, dividends, etc. It does not include gifts or inheritances from a spouse or immediate family member.
To apply for this exclusion, you may print an application which you can complete and return to us. To apply for this exclusion due to disability, you must attach a certification of Disability (Form AV-9A) which certifies that you are totally and permanently disabled from a physician licensed as a medical doctor in North Carolina or a governmental agency authorized to make such a determination. The deadline for submitting applications is June 1. Only original, signed applications will be accepted. E-mailed or faxed applications will not be accepted. You will receive written notification if the application is denied.
If you have previously received this exclusion, you do not need to apply again unless you have changed your permanent residence. If you have received the exclusion, and your income now exceeds $29,500, you must notify our office. If you received the exclusion because you were totally and permanently disabled, and you are no longer totally and permanently disabled, you must notify our office.
If the person receiving the exclusion has died, the person required by law to list the property must notify our office. Failure to make any of the notices required by law before June 1, will result in penalties and interest.