Options for Expanding Property Tax Relief for Lower Income Homeowners
Community and Economic Development Program of UNC
MAY 17, 2022
Assume Tina Tarheel is 67, earned $30,000 in 2021, and has lived in her home for 15 years. If Tina applies for the circuit breaker, her 2022 property taxes would be capped at 4% of her 2021 income because she falls under the elderly/disabled income limit of $31,900. In 2008, the General Assembly added a provision to G.S.
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