{"id":1422,"date":"2015-06-20T17:16:02","date_gmt":"2015-06-20T17:16:02","guid":{"rendered":"http:\/\/teammovemortgage.com\/?p=1422"},"modified":"2020-07-17T14:53:33","modified_gmt":"2020-07-17T14:53:33","slug":"nc-property-tax-discounts-programs","status":"publish","type":"post","link":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/","title":{"rendered":"North Carolina Property Tax Relief for the Elderly & Disabled"},"content":{"rendered":"

NC Property Tax Discounts Explained<\/strong><\/h2>\n

North Carolina provides qualifying residents\u00a0three\u00a0great cost saving programs.\u00a0 This article\u00a0will explain\u00a0NC Property Tax Discounts program benefits and requirements thoroughly.\u00a0 In addition to showing you how to save money on property taxes, contact us to discover the best mortgage.\u00a0\u00a0Mortgage loans available\u00a0to retirees and disabled include\u00a0VA<\/a><\/span>, USDA<\/a><\/span>, FHA<\/a><\/span>, NC Housing Down Payment Assistance, MCC income tax credits, and Reverse Mortgages.\u00a0 Keep in mind when purchasing a home, you must own the home first and then can apply for any property tax relief programs.\u00a0 Our goal is to ensure that qualifying NC residents save money.<\/p>\n

\u00a0The 3 NC Property Tax Discounts Offered Include\"save<\/strong><\/h2>\n
    \n
  1. Elderly or Disabled Exclusion – NC General Statute 105-277.1<\/li>\n
  2. Circuit Breaker Tax Deferment Program – NC General Statute 105-277.1B<\/li>\n
  3. Disabled Veteran Exclusion – NC General Statute 105-277.1C<\/li>\n<\/ol>\n

    Details of “Elderly or Disabled Property Tax Exclusion”:<\/strong><\/h2>\n

    This program\u00a0excludes\u00a0the first $25,000 or 50% of the permanent residence’s tax value.\u00a0 Though, NC tax offices use the higher of $25,000 or 50%.\u00a0\u00a0Therefore a reduced tax value shows on\u00a0the resident’s tax evaluation statement.\u00a0 If you do not qualify for the program in future years, the excluded value from previous years does not become taxable.<\/p>\n

    In order to qualify for the\u00a0Elderly or Disabled property tax relief in NC:<\/p>\n

      \n
    1. North Carolina resident 65 years old or more, or totally and permanently disabled; AND<\/li>\n
    2. Have an income of not more than $29,000 per year (as of 2014).\u00a0 The income\u00a0includes both the applicant and spouse<\/li>\n<\/ol>\n

      Details of “Circuit Breaker Tax Deferment Program”:<\/strong><\/h2>\n

      This program limits the property taxes\u00a0to a\u00a0percentage of the owner’s income.\u00a0 Taxes above the limit are deferred to a future date.\u00a0\u00a0The last 3 years of deferred taxes become payable with interest if a disqualifying event occurs.\u00a0 Disqualifying event definitions are very specific.\u00a0\u00a0First if the owner dies or transfers the property to another which doesn’t qualify.\u00a0 Secondly,\u00a0failure to use the home as the principal residence.\u00a0 Additionally, income under the limit ($29,000 in 2014),\u00a0limits the owner’s taxes to 4%.\u00a0\u00a0Income between\u00a0$29,000 and $43,500 limits\u00a0the taxes\u00a0to 5%.\u00a0 There is one drawback of this program.\u00a0\u00a0A new application must be completed each year.<\/p>\n

      In order to qualify for the Circuit Breaker Tax Deferment Program:<\/strong><\/p>\n

        \n
      1. At least 65 years old or totally and permanently disabled<\/li>\n
      2. Total income for both an applicant and spouse cannot exceed $43,500 (based on 2014 income limits)<\/li>\n<\/ol>\n

        Details of the “Disabled Veteran Property Tax Exclusion Program”:<\/strong><\/h2>\n

        Disabled and honorably discharged Veterans may qualify for a large tax break!\u00a0 Up to the first $45,000 in tax valuation is excluded in the\u00a0Disabled Veteran Exclusion\u00a0program.\u00a0 \u00a0First, the property must be a primary residence.\u00a0\u00a0Then, the property owner must have a service connected total and permanent disability.\u00a0 But a Veteran receiving benefits for specially adapted housing under 38 U.S.C 2101 may qualify as well.\u00a0 Renewal applications are not required unless the property owner disability or benefit status changes.<\/p>\n

        In order to qualify for the Disabled Veteran Property Tax Exclusion Program:<\/strong><\/p>\n

          \n
        1. Honorably discharged disabled veterans OR<\/li>\n
        2. Unmarried surviving spouse may be eligible for a reduction in property tax<\/li>\n
        3. No age or income restriction on this program<\/li>\n<\/ol>\n

          Hopefully this article on NC property tax discounts\u00a0helps you or someone you know save money.<\/p>\n","protected":false},"excerpt":{"rendered":"

          NC Property Tax Discounts Explained North Carolina provides qualifying residents\u00a0three\u00a0great cost saving programs.\u00a0 This article\u00a0will explain\u00a0NC Property Tax Discounts program benefits and requirements thoroughly.\u00a0 In addition to showing you how to save money on property taxes, contact us to discover the best mortgage.\u00a0\u00a0Mortgage loans available\u00a0to retirees and disabled include\u00a0VA, USDA, FHA, NC Housing Down Payment […]<\/p>\n","protected":false},"author":2,"featured_media":1423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,33,97,17,191,40,48],"tags":[9,10,12,13,16,310,89,401,90,18,188,189,190,311,192,20,47,103,49,21,139],"class_list":["post-1422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1st-time-buyers","category-frequently-asked-questions","category-interesting","category-products","category-reverse-mortgages-retirement-living","category-tips","category-va-loans","tag-first-time-buyers","tag-homebuyers","tag-lumberton-board-of-realtors","tag-mortgage-faqs","tag-north-carolina","tag-pinehurst-southern-pines-association-of-realtors","tag-property-tax","tag-property-tax-exemption","tag-property-tax-rates","tag-realtors","tag-retired","tag-retirees","tag-retirement-home","tag-sanford-area-association-of-realtors","tag-senior-citizens","tag-team-move","tag-va-home-loans","tag-va-refinance","tag-va-requirements","tag-wrar","tag-wrightsville-beach-nc"],"acf":[],"yoast_head":"\nThere are 3 NC Property Tax Discounts Available for Elderly & Disabled<\/title>\n<meta name=\"description\" content=\"NC Property tax discounts are fully explained in this article. See if you qualify for one of the 3 property tax relief programs offered by North Carolina\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"There are 3 NC Property Tax Discounts Available for Elderly & Disabled\" \/>\n<meta property=\"og:description\" content=\"NC Property tax discounts are fully explained in this article. See if you qualify for one of the 3 property tax relief programs offered by North Carolina\" \/>\n<meta property=\"og:url\" content=\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/\" \/>\n<meta property=\"og:site_name\" content=\"Team Move Mortgage Blog\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-20T17:16:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-17T14:53:33+00:00\" \/>\n<meta name=\"author\" content=\"Russell Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Russell Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/\"},\"author\":{\"name\":\"Russell Smith\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37\"},\"headline\":\"North Carolina Property Tax Relief for the Elderly & Disabled\",\"datePublished\":\"2015-06-20T17:16:02+00:00\",\"dateModified\":\"2020-07-17T14:53:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/\"},\"wordCount\":545,\"publisher\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"first time buyers\",\"Homebuyers\",\"Lumberton Board of Realtors\",\"Mortgage FAQ's\",\"North Carolina\",\"Pinehurst Southern Pines Association of Realtors\",\"Property tax\",\"property tax exemption\",\"property tax rates\",\"Realtors\",\"retired\",\"retirees\",\"retirement home\",\"Sanford Area Association of Realtors\",\"senior citizens\",\"Team Move\",\"VA home loans\",\"VA refinance\",\"VA requirements\",\"WRAR\",\"Wrightsville Beach NC\"],\"articleSection\":[\"1st Time Buyers\",\"Frequently Asked Questions\",\"Interesting\",\"Products\",\"Reverse Mortgages - Retirement Living\",\"Tips\",\"VA Loans\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/\",\"name\":\"There are 3 NC Property Tax Discounts Available for Elderly & Disabled\",\"isPartOf\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2015-06-20T17:16:02+00:00\",\"dateModified\":\"2020-07-17T14:53:33+00:00\",\"description\":\"NC Property tax discounts are fully explained in this article. See if you qualify for one of the 3 property tax relief programs offered by North Carolina\",\"breadcrumb\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/teammovemortgage.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"North Carolina Property Tax Relief for the Elderly & Disabled\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#website\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/\",\"name\":\"Team Move Mortgage Blog\",\"description\":\"Team Move Mortgage Blog and Resources\",\"publisher\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/teammovemortgage.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#organization\",\"name\":\"Team Move Mortgage Blog\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png\",\"contentUrl\":\"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png\",\"width\":317,\"height\":86,\"caption\":\"Team Move Mortgage Blog\"},\"image\":{\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37\",\"name\":\"Russell Smith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g\",\"caption\":\"Russell Smith\"},\"sameAs\":[\"https:\/\/teammovemortgage.com\"],\"url\":\"https:\/\/teammovemortgage.com\/blog\/author\/russellsmith\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"There are 3 NC Property Tax Discounts Available for Elderly & Disabled","description":"NC Property tax discounts are fully explained in this article. See if you qualify for one of the 3 property tax relief programs offered by North Carolina","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/","og_locale":"en_US","og_type":"article","og_title":"There are 3 NC Property Tax Discounts Available for Elderly & Disabled","og_description":"NC Property tax discounts are fully explained in this article. See if you qualify for one of the 3 property tax relief programs offered by North Carolina","og_url":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/","og_site_name":"Team Move Mortgage Blog","article_published_time":"2015-06-20T17:16:02+00:00","article_modified_time":"2020-07-17T14:53:33+00:00","author":"Russell Smith","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Russell Smith","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#article","isPartOf":{"@id":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/"},"author":{"name":"Russell Smith","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37"},"headline":"North Carolina Property Tax Relief for the Elderly & Disabled","datePublished":"2015-06-20T17:16:02+00:00","dateModified":"2020-07-17T14:53:33+00:00","mainEntityOfPage":{"@id":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/"},"wordCount":545,"publisher":{"@id":"https:\/\/teammovemortgage.com\/blog\/#organization"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#primaryimage"},"thumbnailUrl":"","keywords":["first time buyers","Homebuyers","Lumberton Board of Realtors","Mortgage FAQ's","North Carolina","Pinehurst Southern Pines Association of Realtors","Property tax","property tax exemption","property tax rates","Realtors","retired","retirees","retirement home","Sanford Area Association of Realtors","senior citizens","Team Move","VA home loans","VA refinance","VA requirements","WRAR","Wrightsville Beach NC"],"articleSection":["1st Time Buyers","Frequently Asked Questions","Interesting","Products","Reverse Mortgages - Retirement Living","Tips","VA Loans"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/","url":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/","name":"There are 3 NC Property Tax Discounts Available for Elderly & Disabled","isPartOf":{"@id":"https:\/\/teammovemortgage.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#primaryimage"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#primaryimage"},"thumbnailUrl":"","datePublished":"2015-06-20T17:16:02+00:00","dateModified":"2020-07-17T14:53:33+00:00","description":"NC Property tax discounts are fully explained in this article. See if you qualify for one of the 3 property tax relief programs offered by North Carolina","breadcrumb":{"@id":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/teammovemortgage.com\/blog\/nc-property-tax-discounts-programs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/teammovemortgage.com\/blog\/"},{"@type":"ListItem","position":2,"name":"North Carolina Property Tax Relief for the Elderly & Disabled"}]},{"@type":"WebSite","@id":"https:\/\/teammovemortgage.com\/blog\/#website","url":"https:\/\/teammovemortgage.com\/blog\/","name":"Team Move Mortgage Blog","description":"Team Move Mortgage Blog and Resources","publisher":{"@id":"https:\/\/teammovemortgage.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/teammovemortgage.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/teammovemortgage.com\/blog\/#organization","name":"Team Move Mortgage Blog","url":"https:\/\/teammovemortgage.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png","contentUrl":"https:\/\/teammovemortgage.com\/blog\/wp-content\/uploads\/2026\/02\/team_move_logo-1.png","width":317,"height":86,"caption":"Team Move Mortgage Blog"},"image":{"@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/fbcb9952207d77d752ba9074b82fad37","name":"Russell Smith","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/teammovemortgage.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b9cf1b757a19f9e1f5cb92936b94ade3f42fa9c7b0a26278141331f05509b596?s=96&d=mm&r=g","caption":"Russell Smith"},"sameAs":["https:\/\/teammovemortgage.com"],"url":"https:\/\/teammovemortgage.com\/blog\/author\/russellsmith\/"}]}},"_links":{"self":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/1422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/comments?post=1422"}],"version-history":[{"count":1,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/1422\/revisions"}],"predecessor-version":[{"id":9523,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/posts\/1422\/revisions\/9523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/media?parent=1422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/categories?post=1422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/teammovemortgage.com\/blog\/wp-json\/wp\/v2\/tags?post=1422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}