Introduction
Are you a resident of Caldwell County? Have you recently received your reevaluation statement and are unsure about what it means for your property taxes? In this article, we will discuss the different tax relief options available to you, including elderly exclusion, disability exclusion, and disabled veteran exclusion. We will also provide step-by-step instructions on how to apply for these programs and highlight important deadlines.
Understanding Reevaluation
According to Brittany Knupp from the Caldwell County Tax Department, the recent reevaluation statement sent to residents is a result of the county’s first revaluation since 2013. Many people may be surprised by the changes in their property values and the potential impact on their tax bills. However, if you disagree with the evaluation, you have the option to appeal by filling out a form provided in the mail or contacting the revaluation office directly.
Elderly Exclusion
One of the tax relief options available in Caldwell County is the Elderly Exclusion. To qualify for this program, you must be over 65 years old as of January 1st of the current year. Additionally, your total household income should be less than $31,500 for the previous year, including income from all sources, such as stimulus money. It is important to note that the application for this exclusion is a one-time process, but it is audited every five years to ensure ongoing eligibility.
Disability Exclusion
In addition to the Elderly Exclusion, Caldwell County offers a Disability Exclusion program. Unlike the Elderly Exclusion, there is no age limit for this program. To qualify, you must be 100 percent disabled and provide the necessary paperwork, including an AV 9A form filled out by your doctor and income statements for the previous year.
Disabled Veteran Exclusion
Caldwell County also provides a tax relief program specifically for disabled veterans. To qualify for this program, you must be 100 percent service-related disabled, and the property in question must be your permanent and primary residence. Unlike the other programs, there is no income cap for disabled veterans.
Applying for Tax Relief Programs
If you are interested in applying for any of these tax relief programs, the process is quite straightforward. You can obtain the necessary application forms from the Caldwell County Tax Department’s website: caldwellcountynctax.com. The website also provides detailed instructions and contact information in case you need assistance.
For the Elderly Exclusion and the Disability Exclusion, you will need to submit the completed application form along with copies of your income statements for the previous year. If you file a federal tax return, submitting a copy of that will suffice. For the Disabled Veteran Exclusion, you will need to provide proof of your 100 percent service-related disability.
Important Dates and Considerations
It is important to note that the deadline for submitting applications for these tax relief programs is June 1st. While it may seem like a long way off, it is advisable to start the application process as soon as possible to ensure that you meet the deadline and have ample time to gather all the necessary documentation.
Another consideration to keep in mind is the potential impact of the stimulus money received in response to the COVID-19 pandemic. Although no disqualifications have occurred yet due to stimulus money, there is a concern that some individuals may no longer qualify for the tax relief programs as a result of this additional income. It is essential to consult with the Caldwell County Tax Department if you have any uncertainties regarding eligibility.
Conclusion
Managing property taxes can be a complex and overwhelming task. However, the Caldwell County Tax Department offers several tax relief programs to assist residents with their financial burdens. Whether you qualify for the Elderly Exclusion, Disability Exclusion, or Disabled Veteran Exclusion, it is crucial to stay informed and take advantage of these opportunities for potential savings. Remember to submit your applications and supporting documentation before the June 1st deadline to ensure consideration for the upcoming tax year. For more information and assistance, visit the Caldwell County Tax Department’s website or contact their office directly. Don’t hesitate to reach out and ask questions — it could make a significant difference in your property tax bill.