Property Tax Exemptions For Disabled Veterans In North Carolina

By
Real Estate Agent with Coldwell Banker Realty 179530

 

Disabled Veterans Homestead Exclusion

If you live in North Carolina and the state is your permanent, legal residence and you are a fully disabled veteran, you are eligible for the DISABLED VETERANS HOMESTEAD EXCLUSION.

 

Under the Disabled Veterans Homestead Exclusion, North Carolina excludes from property taxes the first $45,000 of assessed value for specific real property or a manufactured home which is occupied as a permanent residence by a qualifying owner. To qualify for the Disabled Veterans Homestead Exclusion in North Carolina, a veteran must:

  • Be an honorably discharged veteran, who has a 100% total and permanent disability that is service-connected. The surviving spouse is also eligible if they are drawing DIC from the VA.

  • Be certified by the U.S Department of Veterans Affairs or another federal agency of the permanent total disability that is service-connected.

There are no age or income restrictions for the Disabled Veterans Homestead Exlusion.

 

Military Retirement Income Tax In North Carolina

If you had at least five years of creditable military service as of August 12, 1989, all your military retirement income is tax free. Another great tax benefit for our veterans and often one not focused on  by veterans who move to the State.

 

Veterans Benefits in North Carolina

 

 Information about additional North Carolina State Benefits and Discounts for Veterans

 

North Carolina Department of Military & Veteran's Affairs

 

Find Veterans Support Services In North Carolina

 

Support Services For Veterans In Charlotte

 

 

This update on property tax benefits for veterans living in Norht Carolina is brought to you courtesy of Nina Hollander and Carolinas Realty Partners, Coldwell Banker, Charlotte metro area residential real estate experts, proudly serving our veteran home buyres and sellers for 20+ years. 

 

If you are considering selling or purchasing a home in Mint Hill or anywhere in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove to you that:

 "The Right Broker Makes All The Difference."

Posted by

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

 Connect with me also on these sites:  

 

facebook twitterlinkedinpinterest

  

                                                                                                                                          

Oh by the way, I'm never too busy for any of your referrals!

 

Find Your Charlotte Home

 

How Much Is My Home Worth       Free Charlotte Relocation Package

 

 

 

Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (18)

Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Wonderful thing to do...and a model for other states to follow.

May 26, 2018 09:08 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Great information Nina Hollander , this is something I should know for my potential buyers in Minot.

May 26, 2018 09:31 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

What a wonderful way to say thank you to some brave men and woman who have given so much for our security. Thank you Nina Hollander for bringing this to our attention 

May 26, 2018 10:30 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sally K. & David L. Hanson thanks, Sally... I thought it was just the right time to post this with it being Memorial Day.

May 26, 2018 10:36 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

 Bob "RealMan" Timm thanks, Bob... very timely for this weekend and I'm sure you can find this information for ND, especially as you are a military town.

May 26, 2018 10:37 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Paul S. Henderson, REALTOR®,CRS, ~ hi Paul... thanks... I thought it was timely to put it out this weekend even though Memorial Day is to technically to recognize the fallen.

May 26, 2018 10:38 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

Perfect new for this Memorial Day weekend.  We hope other states follow this wonderful example that North Carolina has set.  A

May 26, 2018 12:36 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Ron and Alexandra Seigel ~ hi Alexandra... this exemption is not new to NC, but too many people don't know about it. So I felt it was the perfect time to write about it.

May 26, 2018 01:58 PM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

This is the perfect post for this weekend. What a wonderful program - and I'm with the others - hoping other states will follow this example. We really don't do enough for our vets.  D

May 26, 2018 02:53 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Debb Janes EcoBroker and Bernie Stea JD ~ we don't do enough for our veterans, Debb. I know there are bills being sponsored to provide tax exemptions also to partially disabled vets and hope that comes to pass soon.

May 26, 2018 02:57 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

This is good information to share, Nina.  Florida also gives out an exemption like this.

May 27, 2018 06:16 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Gabe Sanders ~ thanks, Gabe... I wish the benefits were actually more extensive than they are and covered any disabled veteran.

May 27, 2018 07:07 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nina Hollander,  I think all states should have this and a push should happen to make it happen.

 

May 27, 2018 07:49 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Will Hamm ~ I agree with you Will, but have learned that getting benefits through state legislatures is not always the easiest thing.

May 27, 2018 08:15 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

That is great information for buyers in your area who are disabled veterans.

May 28, 2018 03:28 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sybil Campbell ~ hi Sybil... personally, I wish the state of NC would do more to help these veterans...

May 29, 2018 03:45 AM
Roy Kelley
Retired - Gaithersburg, MD

This is great information to share with qualified veterans.

Have an outstanding week.

May 30, 2018 04:53 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Roy Kelley ~ hi Roy... it occured to me that not many people are aware of some of these benefits for veterans and that I should make do a post about them.

May 30, 2018 04:57 AM