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HB 59NORTH CAROLINASession 2025State Billin committee

High Impact

North Carolina raises elderly and disabled property tax homestead exclusion income limit to $48,000

Original title: Modify Homestead Exclusions.

Last action · June 25, 2025: Re-ref Com On Finance (House action)Sponsors: Erin Paré and 36 others

Bill progressHistory & official text ↓

Introduced

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Floor Vote

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What This Bill Would Do

North Carolina increases the income eligibility limit for the elderly or disabled property tax to $48,000 starting July 1, 2026, and adds an alternative qualification path based on 80% of the for long-term residents. The exclusion shields the greater of $25,000 or 50% of a qualifying permanent residence's appraised value from property taxes.

Why it matters

Lowers property tax burdens for qualifying older or disabled homeowners by raising the maximum income threshold and introducing a regional median income standard for residents who have occupied their homes for 15 consecutive years.

Background

North Carolina provides a property tax homestead exclusion to reduce tax burdens for qualifying older or permanently disabled residents. context

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Elderly property owners in North Carolina

Qualifying older residents gain access to higher income limits and an alternative median-income threshold for property tax exclusions.

Directly affected

Disabled property owners in North Carolina

Totally and permanently disabled residents qualify for the expanded property tax homestead exclusion under the new income rules.

Directly affected

County tax assessors

County assessors must receive annual income eligibility determinations from the Department of Revenue and apply the updated thresholds.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the new income limit to qualify for the elderly or disabled property tax homestead exclusion?

The income eligibility limit is increased to $48,000 for the taxable year beginning on July 1, 2026.

How does the 15-year residency exception work for income eligibility?

An owner who has owned and occupied the property as a permanent residence for the previous 15 consecutive years may qualify with an income of not more than 80% of the applicable for a household of two persons in that county.

What else do you want to know?

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

8 actions

Jun 25, 2025House
Re-ref Com On Finance
Jun 25, 2025House
Reptd Fav Com Substitute
Jun 23, 2025House
Re-ref to the Com on Pensions and Retirement, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House
Jun 23, 2025House
Withdrawn From Com
Jun 23, 2025House
Serial Referral To Rules, Calendar, and Operations of the House Stricken
Feb 6, 2025House
Ref to the Com on Finance, if favorable, Rules, Calendar, and Operations of the House

Show 2 earlier actions

Feb 6, 2025House
Passed 1st Reading
Feb 4, 2025HouseIntroduced
Filed

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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