Options for Expanding Property Tax Relief for Lower Income Homeowners
Community and Economic Development Program of UNC
MAY 17, 2022
Only the General Assembly is authorized to create property tax exemptions, and when that legislative body creates exemptions they must apply uniformly across the state. Assume Tina Tarheel is 67, earned $30,000 in 2021, and has lived in her home for 15 years. Let’s work through an example of the circuit breaker math.
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