The Orange County Board of County Commissioners launched its Longtime Homeowner Assistance program in early October to help retain the established community and combat gentrification.
The program will provide property tax bill assistance to residents who have lived in their homes for at least 10 years, according to a press release from Orange County.
“This issue is primarily in historically Black neighborhoods,” Carrboro Town Council member Susan Romaine said. “Residents have lived in their homes for many, many years. They're very, very rooted in the community, and yet they just simply cannot afford to keep up with the rise in property taxes year after year.”
The program is supported by $250,000 in American Rescue Plan Act funds allocated to assist households affected by the 2021 property tax revaluation.
Property taxes are reassessed every four years in Orange County, Erika Brandt, the county's housing and community development manager, said.
“High property taxes can create a real cost burden for homeowners who either have low or fixed income, and that cost burden can really threaten their housing stability,” Brandt said. “If their taxes get to the point that they're spending the majority of their income to pay those taxes, they don't have a lot left for maintenance of the home or for other kinds of basic goods that they might need.”
According to the county's press release, eligible candidates for the Longtime Homeowner Assistance program must have experienced a rise in their property tax value with the 2021 tax revaluation and earn no more than 80 percent of the median income for the area. The income limit is dependent on family size.
“To have a sense of that, for a family of four, that would be $69,000," Romaine said. "They have to earn that amount or less in order to qualify.”
Some areas have been affected by the property tax revaluation more than others. Chapel Hill Town Council member Tai Huynh said the Northside neighborhood, historically the largest Black community in Chapel Hill, experienced especially high property tax increases in the revaluation.