North Carolina's homestead exclusion for seniors provides:
Question & Answer
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Full tax exemption
Exclusion of the first $25,000 or 50% of value from taxation
$10,000 exemption
Tax deferral only
Why is this correct?
Qualifying seniors (65+) and disabled persons may exclude the first $25,000 or 50% of property value (whichever is greater) from taxation.
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