Charlotte, NC - March 23, 2005 - Many senior citizens may be eligible for a break on their property taxes and not even know it. North Carolina gives elderly or disabled citizens an exemption of $20,000 -or 50% of the appraised value of their home - whichever is greatest. The deadline to apply for the exemption for the 2005 tax bill is June 1.
The property must be the permanent residence owned and occupied by a qualifying owner. To qualify, an owner must meet the following requirements as of January 1, 2005:
• At least 65 years of age or totally and permanently disabled.
• Has an income for the preceding year of not more than $19,200.
• North Carolina resident.
The application deadline for a senior citizen or disabled citizen who did not receive the exemption last year is June 1. Anyone who received the exemption last year does not need to re-apply.
In Mecklenburg County, an application for exemption can be obtained from the office of Property Assessment and Land Records Management at 700 East Stonewall Street, Charlotte. To receive an application in the mail, call 704-336-4600.