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Circuit Breaker Program

Property Tax Deferment for qualifying Senior Citizens and persons permanently disabled.

North Carolina General Statute §105-277.1(b) "Property Tax Homestead Circuit Breaker Deferment" allows residents to defer a portion of the property taxes on the appraised value of a permanent residence owned and occupied by a North Carolina resident.

Requirements

  • Property must be owned & occupied at least 5 years by a North Carolina Resident who is at least 65 years of age or totally & permanently disabled.
  • If the owner's income is $29,600 or less, then the portion of property taxes imposed on the residence that exceeds 4% of the owner's income may be deferred.
  • If the owner's income is more than $29,600 but less than or equal to $44,400, then the portion of the property taxes on the residence that exceeds 5% percent of the owner's income may be deferred.
  • Multiple owners of a permanent residence must all qualify for the circuit breaker before a deferment of taxes will be allowed.

Program Details

The deferred taxes become a lien on the residence and the most recent three years of deferred taxes preceding a disqualifying event become due with interest upon one of the following disqualifying events:

  1. the owner transfers the residence;
  2. the owner dies;
  3. the owner ceases to use the property as a permanent residence.

You must apply for the opportunity to defer property taxes each and every year that you wish to defer taxes. Applications must be made prior to June 1 of the year for which exemption is desired.

NOTE:An owner who qualifies for both the property tax homestead exclusion and the property tax homestead circuit breaker may elect to take only one of these forms of property tax relief.

Locate & Contact

Tax Collections

Contact

Tax Collections Division
P: (828) 250-4910

Physical Address

Tax Collections Division
94 Coxe Avenue
Asheville, NC 28801

Mailing Address

Tax Collections Division
PO Box 3140
Asheville, NC 28802

Hours of Operation

Monday - Friday
8:00 a.m. to 5:00 p.m.

Email Us


NOTE: Free limited parking is available across the street from the walk-thru entrance of 94 Coxe Avenue.
Enter the visitor parking lot from Hilliard Avenue.