Q: When are property taxes due in Iredell County for the current fiscal year?
A: Property taxes for FY 2025-2026 are due by September 1, 2026, and can be paid without interest until January 6, 2027. After January 6th, interest begins accruing on unpaid balances.
Q: What tax credits are available and do they require application?
A: Iredell County offers several tax credits that require application, including the Elderly/Disabled Homestead Credit, Disabled Veteran Homestead Credit, and Circuit Breaker Program. These are tax credits that reduce your tax bill, not exemptions. Applications must be filed using Form AV-9 by the applicable deadline.
Q: How does the Homestead Credit work?
A: The Homestead Credit for elderly/disabled residents limits annual assessment increases on your primary residence to a fixed percentage of your income, not based on market value increases. This credit caps assessment growth rather than reducing current market value, and requires annual application and income verification.
Q: What is the application deadline for tax credits?
A: Applications for homestead credits must typically be filed by June 1st for the upcoming tax year. Contact the Iredell County Tax Department for specific deadlines and current forms.
Q: How often are properties reassessed in Iredell County?
A: Iredell County conducts periodic countywide revaluations to ensure properties are assessed at current market value. Property owners receive notice of any assessment changes and have the right to appeal within 30 days of the notice date.
Q: What are the penalties for late property tax payments?
A: Interest begins accruing on January 7th following the September 1st due date. Additional penalties may apply for significantly delinquent accounts, and properties may eventually be subject to tax foreclosure proceedings.
Q: Can I pay my property taxes online?
A: Yes, Iredell County offers online payment options through their official website. Property owners can pay by electronic check or credit card, though convenience fees may apply for credit card transactions.
Q: Why is my tax rate different from my neighbor's?
A: Tax rates can vary within Iredell County based on location-specific factors such as fire protection districts, municipal service districts, or special assessment areas. Your total rate includes the base county rate plus any applicable district assessments for your specific location.
Q: How do I appeal my property assessment?
A: Property owners who disagree with their assessment can file an appeal within 30 days of receiving their assessment notice. Appeals are first heard by the County Board of Equalization and Review, with further appeal options available to the North Carolina Property Tax Commission.
Q: What happens if I miss the tax credit application deadline?
A: Tax credits are not automatic and missing application deadlines typically means you cannot receive the credit for that tax year. However, you may be able to apply for the following year's credits when the application period opens again.
