Property Tax Relief Programs

Property Tax Relief Programs

For qualified homeowners in the state of North Carolina, there are three property tax relief programs for permanent residences.  Permanent residences include the dwelling, the dwelling site (up to one acre) and related improvements.

Elderly or Disabled Exclusion – NC General Statute 105-277.1

This program excludes from taxation the first $25,000 or 50% (whichever is greater) of assessed value for the permanent residence.  Exclusion means some of the value will not be considered when your tax bill is created.  If you do not qualify for the program in future years, the excluded value from prior years does not become taxable.  You must be either 65 years of age or older or be totally and permanently disabled.  In addition, your 2023 income cannot exceed $36,700.

Circuit Breaker Tax Deferment Program – NC General Statute 105-277.1B

This program limits the amount of annual property taxes the owner pays on their permanent residence.  Taxes above the limitation amount are deferred, which means delayed until a future date.  The last three years of deferred taxes become payable with interest if a disqualifying event occurs.  Examples of disqualifying events include the death of the owner or transfer of the property where the owner’s share is not passed to another qualifying owner, and failure to use the property as the owner’s permanent residence.  You must be either 65 years of age or older or be totally and permanently disabled.  Additionally, if your income is $36,700 or less, your taxes will be limited to 4% of your income.  If your income exceeds $36,700 but does not exceed $55,050 your taxes will be limited to 5% of your income.  ***An annual application is required for this program.***

Disabled Veteran Exclusion – NC General Statute 105-277.1C

This program excludes up to the first $45,000 of the appraised value of the permanent residence of a disabled veteran or the unmarried surviving spouse of a disabled veteran.  For the purposes of this program, 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.  There is no age or income requirement for this program, but part of the application must be completed by the Department of Veterans Affairs.  For more information regarding Veterans services offered in Vance County, click here.

Property Tax Relief Applications

2024 Application for Elderly/Disabled, Veteran & Circuit Breaker Program (AV-9)

Certification for Disabled Veteran’s Property Tax Exclusion (NCDVA-9)

Certification of Disability for Elderly/Disabled Homestead Exclusion (Disabled) (AV-9A)

Application for Property Tax Exemption (AV-10)

Present Use Information (AV-4)

Application for Present-Use Program (AV-5)


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