NC Property Tax Circuit Breaker (Elderly/Disabled)

About This Program

NC's Property Tax Circuit Breaker program caps property taxes at 4% of income for very low-income elderly or disabled homeowners and 5% of income for moderate-income qualifying owners. Unlike the exclusion, deferred taxes become a lien that is repaid (up to 3 years of deferrals) when the property is sold or transferred. This can provide significant cash flow relief for seniors on fixed incomes.

For senior with $25,000 income, 4% cap = $1,000 max tax; savings depend on actual bill

Key Details

• Caps property tax at 4% of income (≤$38,800) or 5% (up to $58,200)
• Age 65+ or permanently disabled required
• Deferred taxes become a lien – repaid up to 3 years on sale
• Provides cash flow relief for seniors on fixed incomes
• File by June 1 with Wake County Tax Administration

How to Apply

Deadline: File by June 1 with Wake County Tax Administration