Tuesday, September 30, 2008

Property Tax Homestead Exemption Passed for Disabled Vets

A Property Tax Homestead Exemption is now available for disabled veterans in North Carolina. The act passed during the last session of the North Carolina General Assembly allows for an exemption from tax on the first $45,000 in value of an appraised residence owned and operated by an eligible veteran. Eligible veterans are defined as those who are honorably discharged and permanently and totally disabled by a service disability. Proof of disability through a letter or other documentation from the United States Government of the United States Department of Veterans Affairs is required for application. Documentation of eligibility can also be obtained through your regional Veterans Affairs office-simply request a letter of certification of disability. To apply for the homestead exemption, request a form through your county’s tax department.

To view the bill, please click here
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