Bill Summary for H 489 (2023-2024)

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Summary date: 

Mar 27 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 489 (Public) Filed Monday, March 27, 2023
AN ACT TO INCREASE THE DISABLED VETERAN PROPERTY TAX HOMESTEAD EXCLUSION.
Intro. by Winslow, Cleveland, Goodwin, Chesser.

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Bill summary

Amends GS 105-277.1C by increasing the appraised value of a residence than can be excluded from taxation under the disabled veteran property tax homestead exclusion, from the first $45,000 to the first $54,000 of appraised value. Effective for taxes imposed for taxable years beginning on or after July 1, 2023.