In addition to Real Property Taxes you may have to pay a Fire District Tax unless you live in the city of New Bern or Havelock. These cities have their own fire departments.

State and local Tax

North Carolina Homestead Act

STATE OF NORTH CAROLINA,

YEAR 2008 COUNTY OF _____________________
APPLICATION FOR EXCLUSION UNDER G.S. 105-277.1
PROPERTY TAX RELIEF FOR ELDERLY AND PERMANENTLY DISABLED PERSONS

North Carolina excludes from property taxes the greater of twenty-five thousand dollars ($25,000) or fifty percent (50%) of the appraised value of a permanent residence owned and occupied by a qualifying owner. A qualifying owner is an owner who meets all of the following requirements as of January 1 preceding the taxable year for which the benefit is claimed:

Income is defined as all moneys received from every source other than gifts or inheritances received from a spouse, lineal ancestor, or lineal descendant. For married applicants residing with their spouses, the income of both spouses must be included, whether or not the property is in both names.

Income Example:

If a claimant's income for 2007 was $4,000.00 and this person had $6,000.00 in Social Security benefits which were not taxable, his income for 2007 would be $10,000.00. Assuming this was all of the claimant's income for 2007 and he was at least 65 years of age or totally and permanently disabled, he would qualify for the Homestead Exclusion for tax year 2008.