North Carolina law provides three types of property tax relief for North Carolina residents.
Elderly or Disabled Exclusion: (G.S. 105-277.1)
This program excludes from property taxes, the greater of $25,000 or 50% of the appraised value of a permanent
residence owned and occupied by a qualifying owner. To be eligible for this exclusion you must be a permanent resident of Chatham County, age 65 or older, with an income not exceeding $29,500 or a permanent resident of Chatham County, totally and permanently disabled, with an income not exceeding $29,500. To view our informational brochure, click here.
Disabled Veteran Exclusion: (G.S. 105-277.1C)
This program excludes the first $45,000 of the appraised value of a permanent residence owned and occupied by a Chatham County resident, who is either an Honorably Discharged Veteran or the surviving spouse of an Honorably Discharged Disabled Veteran who has not remarried.Form NCDVA-9 must be completed by the North Carolina Veterans Association. The completed NCDFA-9 form and application must be filed at our office. The forms are available upon request. To view our informational brochure, click here.
Circuit Breaker Property Tax Deferment: (G.S. 105-277.1B)
This program allows taxes billed each year to be limited to a percentage of the qualifying owner’s income. However, taxes in excess of the limitation are deferred and remain a lien on the property. The three most current years of deferred taxes prior to a disqualifying event will become due and payable, with interest, on the date of the disqualifying event. You must file a new application for this program each year. To be eligible for this deferment you must be a permanent resident of Chatham County with an income not exceeding $44,250.To view our informational brochure, click here.
Income: Income is defined as all 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 members, for married applicants residing with their spouses, the income of both spouses must be included, whether or not the property is in both names.
Disqualification: If you have been receiving benefits from the Elderly or Disabled Exclusion and your income now exceeds $29,500, you must notify our office. If the person receiving any of the above benefits is now deceased, then the heirs or trustee must notify our office. Failure to make notification for disqualifying events will result in disqualification and recovery of the exclusion amount along with penalties and interest.
Applications: Application for this exemption must be filed with the Tax Listing Office before June 1 of the year in which you meet the above qualifications. To apply for this exclusion due to being permanently disabled, you must attach a certificate 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. You will receive notification if the application is denied. Applications for the exemption are available in person, mail or email. You can contact us at 919 542 8250
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