Mecklenburg County Tax Benefits For You
It’s 2020 and a new tax year and the Mecklenburg County Assessor would like to remind homeowners of some important tax benefits that may be helpful to you. North Carolina…
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Photo by PixabayIt’s 2020 and a new tax year and the Mecklenburg County Assessor would like to remind homeowners of some important tax benefits that may be helpful to you. North Carolina allows low-income homestead exclusions for qualifying individuals. Qualifying owners must apply with the Mecklenburg County Assessor's Office between Jan. 1 and June 1. If you qualify, you may receive an exclusion of the taxable value of your residence of either $25,000 or 50% (whichever is greater).
As of Jan. 1 of the year for which the exclusion is claimed, applicants will need to meet the following requirements:
- The applicant's name must be on the deed or title to the residence.
- The residence must be the applicant's primary residence.
- The applicant must be a North Carolina resident.
- The applicant must be at least 65 years of age or totally and permanently disabled. Total and permanent disability is a disability that substantially hinders a person from obtaining gainful employment.
- If claiming disability, the applicant must provide proof of the disability in the form of a certificate from a physician licensed to practice medicine in North Carolina or a governmental agency authorized to determine qualification for disability benefits.
- The applicant must meet the combined spousal income eligibility limit, *whether or not both spouses are on the title. Income determination is described below.
For more information log onto the official website to see if you qualify.
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