Tax Relief Programs

Tax Relief Programs

Need help paying property taxes?

Residents who are:

• 65 or older and living on a low income
• 100% disabled and living on a low income
• A veteran with a total and permanent service-connected disability or an unmarried surviving spouse may qualify for a reduction in their property tax bill through three tax relief programs authorized by the state of North Carolina.

Tax Relief Programs:

• Senior & Disabled Program
• Tax Deferment (Circuit Breaker)
• Disabled Veteran Program

Per state law, the deadline to apply is June 1, but late applications may be accepted for good cause on a case-by-case basis through December 31. Forgetting or not knowing about the program are typically not valid reasons for lateness. Examples of good cause include physical or mental illness, death of an immediate family member, military deployment, or delay in receiving disability certification.

North Carolina state law allows property tax relief for low-income seniors and disabled homeowners, as well as disabled veterans or their unmarried surviving spouse. There are three programs authorized by the General Assembly, with requirements that Wake County must follow. These programs can significantly reduce property tax bills for qualifying owners.

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Program Highlights:

Reduce the taxable value of your home: 
Homeowners who are 65 and older or 100% disabled can get $25,000 or up to 50% off their home value, whichever is greater, if they meet certain income and ownership requirements. Married couples can qualify even if only one partner is 65+ or disabled. This tax relief does not need to be paid back. 
 
OR

Pay only a percentage of your income: 
Seniors and those 100% disabled who’ve owned and occupied their homes for more than five years can choose a program that ensures their property tax bill will not be more than 4-5% of their income. Homeowners might have to pay some of this tax relief back, for example, if they move or sell their home. 
 
OR

Veteran Discount: 
Veterans with a total and permanent service-connected disability, or their unmarried surviving spouse, can get $45,000 off their property value, no matter what their income. This tax relief does not need to be paid back.