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Homestead Exclusion/Elderly and
Disabled
Q: What is the Elderly or Disabled Exclusion Homestead Property
Tax Relief?
A. The
Elderly or Disabled Exclusion provides property tax
relief for qualified North Carolinians who are age 65
and over or totally and permanently disabled. The
exemption excludes up to one-half of your home's
assessed value, or $25,000 (whichever is greater) from
property taxes.
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Example:
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Without Exclusion:
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With Exclusion:
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Value of Home
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100,000
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Value of Home
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100,000
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Less
Exemption Adj. Value of Home x 50% = 50,000
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100,000 - 50,000 = =50,000
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Multiplied by
Sample Tax Rate
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x .0078
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Multiplied by
Sample Tax Rate
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x. 0078
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Total Taxes
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= $780.00
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Total Taxes
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= $390.00
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Please note: This example is a comparative guide and is
provided as a general informational tool only. The tax
rate used in the example is county-wide general fund
rate in effect for the tax year 2008.
Q: What are the qualifications for the Homestead
Exemption?
A: You may be
qualified for the Homestead Exemption if:
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YOU ARE at least 65 years of age on January
1st of the tax year in which you wish to claim the
exemption; AND
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YOU AND YOUR SPOUSE'S income did not exceed
$27,100 for the year prior to which an application
is made. You must own your permanent residence,
including a manufactured home, and be a legal
resident of Bertie County;
OR
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YOU ARE certified totally and permanently
disabled by a licensed physician or governmental
agency; AND
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YOU AND YOUR SPOUSE'S income did not exceed
$27,100 for the year prior to which an application
is made. You must own your permanent residence,
including a manufactured home, and be a legal
resident of Bertie County.
JOINT OWNERS (other than husband and wife) who meet all
other requirements may be eligible for a partial
exemption not to exceed their proportionate share of the
valuation of the property.
Q: What is considered part of my Homestead/Permanent
Residence?
A. It
includes your dwelling, the dwelling site (not to exceed
1 acre), and related improvements such as a garage,
carport or storage building. The dwelling may be a
single family residence, a unit in a multi-family
complex, or a manufactured home.
Q: Do I have to apply in person?
A. For this
exemption, the qualifying homeowner may submit an
application
by mail, fax, or in person at the
Tax Department.
Q: How can I show that I am 100% totally and permanently
disabled?
A. You must
furnish a certification that you are totally and
permanently disabled from either a licensed physician (Physician
Certification of Disability)
or from a government agency such as the Social
Security Administration. The agency must have the proper
authority to determine qualifications for disability
benefits. If you or your spouse is over 65 years old,
you do not need to submit a certification of disability.
Q: What is
considered “INCOME” and how much can I make and still
qualify for the Elderly or Disabled Exclusion?
A. Income is
defined as all other moneys received from every source
other than gifts or inheritances from family members.
Income does include money received from social
security, disability, retirement and rental income. For
the year 2009, the income limit is $27,100. This
threshold is adjusted annually for cost-of-living.
Q: How do I
provide proof of income?
A. If you are
required to file a Federal Income Tax return you must
provide a copy of the first page of the return. For non
income tax filers, other proof of income is required.
(See Application for details) Proof of income must
reflect income for the year immediately preceding the
tax year for which an application is made. (For example,
if an application is submitted for 2009, income for 2008
must be reported.)
Q: When is the deadline to file an
application?
A.
Applications are timely filed if received by June 1st of
the year for which the exemption is applied.
Q: Do I need to reapply annually?
A. No. You do
not need to reapply annually. However, you must notify
the Tax Assessor if:
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You move, sell or rent your house, OR
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You make changes to the owners listed on the
deed, OR
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There is a change in your disability status,
OR
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Your income increases to greater than is
allowed to qualify
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