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KRAMER, KRIS KRAMER, CAROLINE
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506 W SUMTER ST SHELBY NC 28150 506 W SUMTER ST SHELBY NC 28150
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ESTIMATED
Elderly/Disabled Analysis |
Exclusion Income Eligibility Limit: |
$30,200 |
Exclusion (Mimimum) Amount Value: |
$25,000 |
Meet Income Test: |
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Excluded Amount: |
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Taxable Amount: |
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Taxes Due: |
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ESTIMATED
Circuit Breaker Analysis |
Circuit Breaker Income Limit: |
$45,300 |
Meets Income Test: |
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Subject to 4% or 5% : |
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Total Possible Taxes: |
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Max. Taxes Allowed by Circuit Breaker: |
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Taxes Due: |
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***Taxes Deferred***: |
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ESTIMATED
Current Year Tax Savings | |
Under Elderly/Disabled (compared to Circuit Breaker): |
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Under Circuit Breaker (compared to Elderly/Disabled): |
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Note:
- Under the Low-Income Homestead Exclusion Program, there are no deferred liens against the property.
- Under the Circuit Breaker Program, deferred taxes become a lien against the property and are subject to collection by the County when the property loses the classification. At the time of a disqualifying event, it is possible that the most recent year plus three prior years of deferred taxes associated with the Circuit Breaker become due and payable.
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*** Disclaimer***
Please be advised that THE DECISION ANALYSIS INFORMATION IS
ONLY AN ESTIMATION
of tax relief based upon information from the prior tax year rate(s) and valuation records that we currently have on file. The rate and the valuation could change due to various reasons. Current year tax rates are typically available after July 1st and the valuation information could change due to a countywide revaluation or possible addition or demolition factors which have effected the property. |
Download Application form
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