Options for Expanding Property Tax Relief for Lower Income Homeowners
Community and Economic Development Program of UNC
MAY 17, 2022
that limit is $31,900 for 2022, meaning the circuit breaker income limit is $47,850 for 2022); and, Have lived in their home for at least 5 years. Without any exclusions or exemptions, Tina’s 2022 property tax bill would be $3,500. Under the circuit breaker, Tina’s 2022 tax bill would be $1,200. 4% of $30,000 is $1,200.
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