Mooresville, NC asked in Tax Law, Real Estate Law and Elder Law for North Carolina

Q: Iredell County has denied my senior citizen property tax exemption based on my over limit income.

Both my Federal and NC state tax is zero AGI. Can anyone help with ???

1 Lawyer Answer
James L. Arrasmith
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Answered

A: It's best to consult with a local tax attorney or the Iredell County Tax Assessor's office.

In North Carolina, the elderly or disabled property tax exemption (also known as the Homestead Exemption) is available to qualifying homeowners aged 65 or older, or those who are totally and permanently disabled. To be eligible, the homeowner must meet certain income requirements.

As of 2023, the income limit for the exemption is $33,800. This limit includes all income, such as wages, Social Security, pensions, and interest from tax-exempt bonds. If your total income exceeds this amount, you may not qualify for the exemption, even if your taxable income (AGI) is zero.

However, there are a few things you can do:

1. Double-check your income calculations to ensure accuracy.

2. Contact the Iredell County Tax Assessor's office to discuss your specific situation and confirm the reason for the denial.

3. If you believe the denial was made in error, you may be able to appeal the decision. The Tax Assessor's office can provide information on the appeals process.

4. Consult with a local tax attorney or a tax professional who specializes in elder law. They can review your case and advise you on the best course of action.

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