The program gives qualified homeowners in Buncombe County a grant up to $300, and those living within the City of Asheville could receive up to $500. Grantees may choose to have funds applied to their property tax bill and/or directly to mortgage or homeowner’s insurance.
Mobile-home owners can now receive the grants, while those who own multiple dwellings or receive other tax reductions will no longer be eligible. Those with “liquid resources” (cash or financial assets that could be converted to cash within a week) of more than $60,000 will also be disqualified, a change from the terms recommended by county staff.
As presented to the Buncombe Board of Commissioners during a March 29 work session, County Manager Avril Pinder hopes to expand her current staff of over 1,600 employees by more than 70 in the next budget cycle, which starts in July.
Residents who have owned their primary residence for at least five years and make no more than 80% of the area median income — $60,100 for a family of four — could apply for aid to cover property tax increases starting Sunday, Aug. 1.
Buncombe County’s fiscal year 2021-22 budget — passed unanimously by the Board of Commissioners on June 15 — includes an effective property tax increase of 2 cents per $100 of valuation. It also includes $300,000 toward property tax relief grants.
