SB 660 increases the property tax exemption for disabled veterans in North Carolina from $45,000 to $75,000 of home value, effective for taxes starting July 2025. It also allows 100% disabled veterans to exclude their primary vehicle from property tax and creates a prequalification process to determine eligibility before purchasing a home. Local governments will be reimbursed by the state for 50% of revenue losses from these exemptions, capped at 1% of their general fund revenue. The bill directly affects North Carolina residents who are 100% disabled veterans or surviving spouses of such veterans.
SB 708, the "Working Families Act," directly affects low- and middle-income North Carolina families by reducing child care costs, increasing tax credits, raising wages, and providing housing assistance. It cuts parent copayments for subsidized child care to 7% of gross income (down from 10%), reenacts a refundable child tax credit with income-based payments up to $250 per child, and raises the statewide minimum wage to $15 per hour starting September 1, 2025 - while allowing cities to set higher local rates. The bill also increases income limits for property tax relief and creates a homebuyers' program offering assistance to first-time public servant homebuyers (including teachers, firefighters, police, and EMTs). These changes aim to reduce living costs and support working families through concrete financial adjustments.
HB 539 requires North Carolina local governments (like counties and cities) to set property tax rates at a revenue-neutral level following a general property reappraisal. Specifically, it mandates that tax rates for the year after a reappraisal must produce the same total revenue as the previous year, preventing increased tax revenue simply due to higher property values. This applies directly to local governments conducting a general reappraisal, ensuring their tax rates don't automatically rise when property values change. The bill amends existing law to enforce this requirement in the budget ordinance adopted after a reappraisal. It does not change tax rates for years without a reappraisal.
HB 683 expands North Carolina's property tax exclusion for disabled veterans by removing the $45,000 cap and excluding the **entire appraised value** of a qualifying veteran's primary residence from property taxes. It directly affects **disabled veterans** (with VA-certified service-connected disabilities) and their **unremarried surviving spouses**, who previously could only exclude the first $45,000 of their home's value. The bill requires the state to **reimburse local governments** for lost tax revenue through a "hold harmless amount" calculated by multiplying the excluded value by the local tax rate, with counties reporting this by September 1 and receiving funds by December 31 annually. This change takes effect for taxes due in 2026 and ensures no net revenue loss for local governments.
HB 728, the "Shared Investment in Our Heroes Act," increases North Carolina's property tax exemption for disabled veterans' homes from $45,000 to $75,000 starting in 2025, directly benefiting veterans with 100% service-connected disabilities and their surviving spouses. It allows veterans to prequalify for the exemption before purchasing a home and excludes their primary vehicle from property taxes. Local governments will be reimbursed up to 50% of revenue loss from these changes to offset financial impacts. The bill aims to provide immediate tax relief for disabled veterans while ensuring local fiscal stability through shared state-local funding.
HB 786, the "Working Families Act," reduces child care costs for low-income families by lowering parent copayments from 10% to 7% of income (effective 2025), reinstates a refundable state child tax credit with income-based payments (effective 2025), and phases up North Carolina’s minimum wage to $15/hour by 2030 with annual inflation adjustments. It also increases income limits for property tax relief, creates a homebuyers’ assistance program for public servants (like firefighters and EMTs) as first-time buyers, and establishes a paid family leave insurance program funded through an employer grant program. The bill directly affects working families, hourly workers, public-sector employees, and households using subsidized child care or property tax relief. Key mechanisms include phased wage increases, income-tiered tax credits, and targeted housing support, all designed to reduce financial strain on low-to-moderate-income households.
HB 950 would modify North Carolina's property tax relief for elderly and disabled homeowners by raising the age requirement from 65 to 70, eliminating income eligibility requirements, and expanding the tax exclusion to cover 100% of a home's appraised value. Currently, applicants must be 65 or older (or disabled), meet income limits, and occupy the home as a primary residence; the bill removes income caps and requires applicants to be 70 or older. This means qualifying homeowners would pay no property tax on their primary residence under the new rules, as the entire home value would be excluded. The changes would take effect for tax years beginning July 1, 2026.
House Bill 432 aims to provide various forms of property tax relief to North Carolina homeowners. It increases the property tax exclusion amounts for qualifying elderly or disabled homeowners and expands the exclusion for disabled veterans, allowing more of their home's value to be exempt from taxation. The bill also establishes a new "Homeowner Advantage Property Tax Relief Program" designed to cap the annual increase in a permanent residence's taxable value, based on inflation and a cumulative limit. To qualify for this program, homeowners must have occupied their residence for at least two years. Additionally, the bill creates an "Elderly Property Tax Homestead Circuit Breaker Program" and exemptions from the forced sale of a homestead.
SB 427 modifies North Carolina's property tax laws. It expands the types of personal property excluded from taxation to include certain business-related personal property valued at $20,000 or less, directly affecting businesses and individuals owning such assets. The bill also adjusts the rules and penalties for listing property for tax purposes. Additionally, it temporarily waives interest on underpaid property taxes for real and personal property located in specific "affected areas" for a period between January 7, 2025, and December 31, 2026.
SB 349 modifies North Carolina's property tax relief program for elderly or disabled homeowners. It changes the income eligibility limit for the homestead exclusion to automatically adjust annually based on Social Security cost-of-living adjustments (rounded to $100), while eliminating the requirement to pay deferred taxes under the property tax homestead circuit breaker. The bill directly affects qualifying homeowners aged 65+ or permanently disabled who own and occupy their primary residence, as it removes the deferred tax liability that previously accrued during eligibility. This change simplifies the program by ending the process where deferred taxes became due upon disqualifying events like property transfer or loss of residency.
