How can Oasis Realty Group help?

Oasis Realty Group provide expert real estate guidance across 29 cities in the Charlotte metro. Call 704-723-2721.

What areas do you serve?

We serve 29 cities across 9 counties in NC and SC.

How do I get started?

Call 704-723-2721 or visit our contact page. Free consultations for all buyers and sellers.

Buyer Guides

Homestead Exemption in NC

North Carolina offers a homestead exemption that protects home equity from creditors and provides property tax relief for qualifying homeowners. Understanding who qualifies and how to apply protects your investment.

Common Questions

Does NC have a homestead exemption?

NC has a homestead exemption for property tax purposes for homeowners who are age 65+, totally and permanently disabled, or a qualifying veteran. The exemption reduces the assessed value by up to $45,000.

How much does the NC homestead exemption save?

The $45,000 exemption at a 1.128% Mecklenburg County tax rate saves approximately $508 per year. In lower-tax counties, the savings are proportionally less.

Who qualifies for the NC homestead exemption?

Age 65+ with income under $33,800, totally and permanently disabled with income under $33,800, or qualifying disabled veteran. The income limit applies to the prior year total household income.

How do I apply for the homestead exemption?

Apply through your county tax assessor office by June 1 of the tax year. Required documentation includes proof of age or disability and income verification. The application must be renewed annually in some counties.