Exclusion for Elderly and Disabled

Homestead Exclusion for Elderly (NCGS 105-277.01)

The application period is January 1 to June 1

Qualifying owners benefit by having the greater of $25,000 or 50% of the value of their permanent residence excluded from taxation. To qualify, the property owner must meet the following requirements on January 1 of the year he/she applies:

  • Is at least 65 years of age or 100% totally and permanently disabled.
  • Has an income for the prior year of not more than the statutory limit. For 2013 applications based on 2013 income, that limit is $28,600.
  • Is a Cabarrus County resident.
  • Home that application is made for must be applicant's permanent residence.

Income is defined as all other moneys received from every source, other than gifts or inheritances received from a spouse, lineal ancestor, or lineal descendant. For married applicants residing with their spouses, the income of both spouses must be included, whether or not the property is in both names.

Disabled Veteran Exclusion (NCGS 105-277.1C)

The application period is January 1 to June 1

Program excludes the first $45,000 of value from property taxes on the permanent residence. To qualify, the property owner must meet the following requirements as of January 1st of the year he/she applies:

  • Have a 100% permanent and total service connected disability or receive benefits under 38 U.S. C. 2101 (specially adapted housing). This benefit is also available to the unmarried surviving spouse of a disabled veteran.
  • Is a Cabarrus County resident.
  • Home that application is made for must be applicant's permanent residence.

Homestead Circuit Breaker Deferment (NCGS 105-277B)

Application Deadline - June 1

Program defers some property tax on the permanent residence by limiting current year property taxes to either 4% or 5% of income (depending on current year income level). To qualify, the property owner must meet the following requirements as of January 1 of the year he/she applies:

  • Is at least 65 years old or permanently and totally disabled.
  • Has household income for 2013 of not more than $28,600 for 4% limit or $42,900 for 5% limit.
  • Is a Cabarrus County resident.
  • Home that application is made for must be applicant's permanent residence.

The current year plus the most recent three years of deferred taxes become a lien on the residence and become due with interest upon one of the following disqualifying events: 1) the owner transfers the residence; 2) the owner dies; or 3) the owner ceases to use the property as a permanent residence. Once a deferred tax bill is no longer the current year bill or one of the most recent three years tax bills, the bill is released and not payable by the taxpayer. Multiple owners of a permanent residence must all qualify for the circuit breaker before a deferment of taxes will be allowed to any owner.

Income is defined as all other moneys received from every source, other than gifts or inheritances received from a spouse, lineal ancestor, or lineal descendant. For married applicants residing with their spouses, the income of both spouses must be included, whether or not the property is in both names.

Contact Land Records at (704) 920-2127 with any questions regarding these programs or to schedule an appointment.