June 1 is deadline for elderly, disabled tax relief Print
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Qualified elderly or disabled county residents have until Monday, June 1 to apply for tax relief through exclusions allowed through North Carolina general statutes.

These include the Elderly and Disabled Exclusion, also known as the Homestead Exclusion; a Disabled Veterans exclusion and a tax deferment option called the Circuit Breaker Program.

The Disabled Veterans exclusion provides an exemption of $45,000 and is available to any disabled veteran as long as the disability is service-connected, a permanent and total disability, and he or she was honorably discharged.

The Circuit Breaker Program allows taxes billed each year to be limited to a percentage of the qualifying owner’s income. The program is aimed at elderly and disabled persons, just like the Homestead Exemption. However, it is a deferment rather than an exclusion of taxes.

The Circuit Breaker Program allows eligible applicants to limit the amount of income that can be taxed. If an applicant earns $28,100 or less, taxes would be limited to 4 percent of their income.  If an applicant earns more that $28,100 up to $42,150, taxes would be limited to 5 percent of their income.

The Homestead Exclusion remains available for any elderly or disabled homeowner. The qualifying income limit for 2013 is $28,100. Applicants must be at least 65 years of age, as of January 1 of the current year, or totally and permanently disabled. The exclusion applies only to a homeowner’s primary residence and involves a reduction of $25,000 or 50 percent of the value of the home and one acre of land, whichever is greater.

Applications, forms, complete eligibility guidelines are available by clicking on Taxes Online on the county web page, www.haywoodnc.net, or by contacting the Personal Property Division of the Assessor’s Office at 828.452.6640.

 

For more information, contact:
David Teague, Public Information Officer
Haywood County
828-452-7305; 828-400-9691 or
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