North Carolina homestead exemption
4 sourced points for North Carolina, each linked to the official page it comes from.
- The elderly or disabled homestead exclusion takes off the greater of the first $25,000 or 50% of your home's appraised value. You must be 65 or totally and permanently disabled on January 1, with 2025 income up to $38,800. ncdor.govOct 21
- The homestead exclusion is a one time application. You don't reapply unless your permanent residence changes, your income goes over the limit or you're no longer disabled. ncdhhs.govOct 21
- The circuit breaker deferment caps your tax at 4% or 5% of income if you've owned and occupied the home for the previous five years. You apply every year, and the last three years of deferred taxes become due with interest after a disqualifying event. ncdor.govOct 21
- The disabled veteran exclusion takes up to $45,000 off the value of your permanent residence, with no age or income limit. Even if you qualify for more than one program, you can pick only one. ncdor.govOct 21
The dates
| Date and source | Deadline | Applies to |
|---|---|---|
| January 31 every yearncdor.govOct 21 | Exemption filing Most other exemptions are due | All 100 North Carolina counties |
| June 1 every yearncdor.govOct 21 | Exemption filing Apply for senior, disability or veteran relief | All 100 North Carolina counties |