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Cumberland County may have property tax relief for owners

From Cumberland County:

 

Tax Relief Programs Available to Property Owners

Jan 13, 2021

“Cumberland County Tax Administration reminds citizens about several tax relief programs offered to qualified property owners.

The Elderly or Disabled Exclusion program excludes from taxation the greater of the first $25,000, or 50% of the assessed value on the permanent residence of a qualifying homeowner. Applicants must be at least 65 years of age, or totally and permanently disabled, with a combined 2020 income of $31,500 or less for both applicant and spouse.

The Disabled Veteran Exclusion program excludes from taxation the first $45,000 of assessed value on the permanent residence of a qualified disabled veteran or their unmarried, surviving spouse. There is no age or income limitation on this program.

The deadline to apply for both exclusion programs is June 1, 2021.

The Present Use Deferment program is for owners of qualifying agricultural, horticultural, forestry and wildlife conservation properties, which may be assessed at the value of the property in its present use, versus market value. Each parcel must meet specific requirements to include minimum production acreage and income; a sound management plan; and qualifying ownership. Taxes in all present use programs are deferred, not exempted, and are a lien on the property. Applications for 2021 must be submitted during the annual listing period, from Jan. 1 to Jan. 31, 2021.

To request an application for tax relief, or obtain additional information, please contact Customer Service at 910- 678-7507 or go online at  co.cumberland.nc.us/tax.

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The Town of Spring Lake • 300 Ruth Street • Spring Lake, NC 28390 Town Hall: (910) 436-0241 • Water Department: (910) 703 – 8912

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