North Carolina offers three property tax relief programs for the permanent residence of qualified homeowners.
This benefit may also apply to the surviving spouse (who has not remarried) of a disabled veteran as defined above.
For additional information on each program call 919-989-5130 and ask to speak to a Property Tax Relief Specialist or visit Tax Forms to download Form AV-9 - Application for Property Tax Relief.
New for 2016 - General Statute 105-277.02 Exempt Builder's Inventory
Residential - Exempts from property tax the increase in value to residential real property held for sale by a builder, to the extent the increase is attributable to subdivision or improvements by the builder. Commercial - Exempts from property tax the increase in value for commercial real property held for sale by a builder, to the extent that the increase is attributable to subdivision or non-structural improvements by the builder. The exclusion is limited to three years for residential properties and five years for commercial properties. And it applies to subdivision of or other improvements made on or after July 1, 2015. Builders claiming an exemption from property tax must apply annually in January.
Visit Tax Forms to download Form AV-65 - Application for Builder Property Tax Exemption.