real estate property tax exemptions in NC for age 65 and over?

[ladyshasta2]

Originally Posted by Asheville Native

Basically a big fat NO!

Well, I know of someone who told me they are not paying the whole amount of real estate tax rate, but, I didn't want to get noisy and ask if it were town or county taxes. I don't think this person has much money but they are over 65. So, why are you saying NO, what is your reason and where is your info coming from?

[Asheville Native]

Originally Posted by ladyshasta2

Well, I know of someone who told me they are not paying the whole amount of real estate tax rate, but, I didn't want to get noisy and ask if it were town or county taxes. I don't think this person has much money but they are over 65. So, why are you saying NO, what is your reason and where is your info coming from?

Senior/Disability Assistance

North Carolina excludes from property taxes the greater of twenty-five thousand dollars ($25,000) or fifty percent (50%) of the appraised value of a permanent residence owned and occupied by a qualifying owner. Claimant must be a North Carolina resident, 65 years of age or totally and permanently disabled (physician's statement required), and has a combined income of both spouses for the preceding year not to exceed $27,100

A combined income of $27,100, ain't much.

[Theboatguy]

Best to move to a county where the taxes are less .

[ladyshasta2]

you might be right. Thanks! If I were in a county that excludes property tax and they deceided to change things, then I might lose the property. Think I best just make sure that I can pretty much pay the taxes, w/o help.

[ladyshasta2]

Thanks to all of you who answered my question!