Tax Assistance

Tax-Aide Program - AARP has a Tax-Aide Program which has 30,500 IRS-certified volunteers who prepare tax returns for low and middle income taxpayers. Priority service is given to those age 60 and over and those who are homebound. Tax-Aide volunteers are at work in neraly 9,000 sites across the country. To locate an AARP Tax-Aide office near you call (888) 227-7669 or visit the AARP website at www.aarp.org/taxaide. Click on "Tax-Aide" to get answers to tax questions any time of the year.

Property Tax Exemption

North Carolina G. S. 105-277.1 provides financial assistance to low-income elderly and disabled homeowners by exempting part of the value of their home from the property tax levied by North Carolina counties and municipalities. This assistance is called the Homestead Property Tax Exemption.

Under current law, an elderly or disabled homeowner is eligible for the exemption ($20,000 or 50% of the appraised value of property, which ever is greater, used as his or her permanent residence) if he or she is a North Carolina resident and his or her income from the preceding calendar year was $18,000 or less.

Effective July 1, 2003, the income eligibility limit will be adjusted annually to the nearest $100 based on the cost-of-living adjustment used in calculating Social Security and Supplemental Security Income benefits.

Last updated - April 28, 2004

Related Link

NC Department of Revenue