Residents of Mecklenburg County who believe they could be eligible for property tax relief should consider submitting an application sooner rather than later. A number of relief programs are available from both North Carolina and Mecklenburg County, offering various exemptions and deferrals to senior citizens, disabled individuals, veterans, commercial producers, builders, and owners of historic properties, as detailed in a recent release from Mecklenburg County.
To take advantage of these tax relief options, applicants must send their paperwork to the Mecklenburg County Assessor's Office by June 1, for the relief to be applied to their 2025 tax bill, while tax rates will be determined in the spring of 2025 and bills will go out in July. The Elderly or Disabled Homestead Exemption offers significant savings with an exclusion of either $25,000 or 50% of the taxable value of the home, whichever is greater and for those wrestling with tighter constraints on their income the Circuit Breaker program proposes an opportunity to defer a portion of property taxes such that they don't exceed a specific percentage of the owner's earnings.
Veterans with disabilities might find respite through the Disabled Veteran Homestead Exclusion, which removes $45,000 of a property's assessed value from tax calculations, with no restrictions on age or income. Producers immersed in the agricultural, horticultural, or forest sectors have the prospect of having their lands assessed at their present use value, potentially leading to reduced tax obligations. The county also offers incentives for builders and restorers of historic sites, each with its own set of terms and eligibility criteria.
Given that some of these programs are governed by income restrictions, it is important for applicants to note that all forms of income are included in determining eligibility, with the exception of non-taxable gifts and inheritances, received from a spouse or direct ancestor or descendant. Those eager for additional details on eligibility and program specifics or needing assistance with their application can visit Mecklenburg County's Tax Relief Programs page or ring the Assessor’s Office directly at 980-314-4226, as per the information shared by the Mecklenburg County.
