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Old 06-15-2007, 02:07 AM
 
61 posts, read 162,813 times
Reputation: 32
Default What are the tax exemptions for the Senior Citizens?

Are there tax exemptions for Senior Citizens in retirement age? I understand that Charlotte is the retirement city choice today. In Miami, Florida, which used to be the retirement capital of USA, Senior Citizens have Homestead and Senior Citizen exemptions. That is if a couple make less that $21,000 or so a year they do not have to pay property or other taxes. Curious!
Thanks
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Old 06-15-2007, 04:36 AM
 
Location: Union County, NC
348 posts, read 21,056 times
Reputation: 115
I do know that when I was shopping for houses, and I asked one fellow what the property taxes were--he told me he paid half the taxes because he was over 65.
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Old 06-15-2007, 05:05 AM
 
204 posts, read 510,173 times
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I did a "google" on retirement living -taxes and found a great site that convinced us NC is for us. Also checked SC and that's great also. Currently live in MN which is NOT tax friendly. Good luck if you make the move-we are looking forward to it.
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Old 06-15-2007, 05:10 AM
 
204 posts, read 510,173 times
Reputation: 105
IWAKUNI-try RETIREMENT LIVING INFORMATION CENTER - Retirement Communities and senior lifestyle data.
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Old 06-15-2007, 07:52 AM
 
1,080 posts, read 2,993,086 times
Reputation: 564
Default Civil Service

So if I have this correct, civil service workers from NY only get $4,000 excluded for tax purposes, the rest is taxed? Ouch! For seniors over 65,
there income has to be under 20,500 for taxes to be half or be disabled? Ouch

These are things that we have to take into consideration.....property taxes at 100 % appraisal.......wow, the tax rate is low, but still you would pay more taxes because its at 100%......interesting. Decisions, decisions, don't know what to do?
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Old 06-18-2007, 10:39 PM
 
Location: Jackson, MS
473 posts, read 1,098,625 times
Reputation: 76
Red face Sc...

From what I understand, SC helps retirees on the taxes with exemptions but I do not believe NC does. I could be mistaken about NC but I'm fairly certain SC does.
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Old 06-19-2007, 07:39 AM
 
Location: Charlotte (Berewick)
255 posts, read 591,805 times
Reputation: 51
Florida and Tenn.
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Old 07-10-2007, 09:07 AM
 
Location: Charlotte, NC
3,196 posts, read 5,869,514 times
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Mecklenburg County posts the follwoing on the website.

Is there any tax relief available for elderly or disabled property owners?

Tax relief is available on the permanent residence of a homeowner who is either 65 years of age or older OR totally and permanently disabled and the owner's disposable income (including spouse) does not exceed $18,800. The qualifying owner(s) can receive $20,000 or 50 percent (whichever is greater) of the assessed value of the permanent residence excluded from taxation. The deadline to apply for this exemption is June 1st each year.
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Old 07-10-2007, 01:40 PM
 
Location: Union County, NC
2,112 posts, read 4,557,333 times
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Anyone happen to know if there are similar tax breaks for seniors in Union County?

Thanks!

Sara
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Old 04-16-2009, 07:49 PM
 
1 posts, read 6,134 times
Reputation: 14
What age is considered a Senior Citizen in NC
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