Save on property taxes in North Carolina (65+)
North Carolina homeowners 65 and older may qualify for a significant reduction in their property tax bill.
The NC Elderly or Disabled Homestead Exclusion reduces the taxable value of your home, which lowers your property tax bill. The exclusion is the greater of $25,000 or 50% of the appraised value of your permanent residence and up to one acre of land — whichever amount is larger. For most homeowners, this means your property is taxed as if it is worth significantly less than its full appraised value.
To be eligible, you must: (1) be age 65 or older, or be totally and permanently disabled; (2) own and occupy the home as your permanent residence as of January 1 of the tax year; (3) have a household income for the preceding calendar year of $38,800 or less (2026 income limit); and (4) be a North Carolina resident. If the home is jointly owned, all owners must meet the qualifications unless one is a qualifying surviving spouse.
Note: An owner who receives this exclusion may not also receive other property tax relief programs.