N.C. property tax assistance programs are available, apply through Buncombe County

Press release from Buncombe County

Struggling to pay your property taxes? You may qualify for North Carolina Tax Relief. Did you know North Carolina state law allows property tax relief for low-income seniors and disabled homeowners, as well as disabled veterans or their unmarried surviving spouse? There are three programs authorized by the General Assembly, with requirements that Buncombe County must follow. These programs are offered for the permanent residence for qualified homeowners and can significantly reduce property tax bills. There is still time to apply; the application process is open Jan. 1-June 1. Late applications may be considered for good cause through December 31.

Property Tax Exclusion for Elderly Adults or Disabled Adults 

Homeowners who are 65 and older or 100% disabled can get $25,000 or up to 50% off their property assessment, whichever is greater, if they meet certain income and ownership requirements. Married couples can qualify even if only one partner is 65+ or disabled. This tax relief is an exemption, not a deferment.


Homestead Circuit Breaker Property Tax Deferment

Seniors and those disabled who’ve owned and occupied their homes for more than five years can choose a program that ensures their property tax bill will not be more than 4-5% of their income. This is a deferred tax and homeowners will have to pay up to three years of the deferred tax upon a disqualifying event. For example, a disqualifying event would be if you move or sell your home.


Veterans With Service-Connected Disabilities

Veterans with a total and permanent service-connected disability, or their unmarried surviving spouse, can get $45,000 off their assessed value, no matter what their income. This program is an exemption not a deferment; the amount excluded would not be due in the future.

Requirements and more details

Visit buncombecounty.org/taxrelief or call a Buncombe County tax specialist at (828) 250-4915 to see if you might qualify and/or to apply.

About Community Bulletin
Mountain Xpress posts selected news and information of local interest as a public service for our readers. To submit press releases and other community material for possible publication, email news@mountainx.com.

Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.