Program Offers Tax Relief For The Elderly, Disabled

CHESTERFIELD COUNTY, VA – One of several programs to help qualified county residents with paying real estate taxes is designed specifically to help older or disabled residents. The Tax Relief for the Elderly/Disabled program is administered by the Chesterfield County Commissioner of the Revenue’s Office and recognizes the unique financial challenges that elderly and/or disabled residents may face. The qualifying criteria are as follows: -All owners must live in the household. -You must be 65 older as of Dec. 31 of the preceding year or be totally or permanently disabled by the same date. -You must live in the home, and it must be your primary residence. -The total gross income of all occupants of the home must not exceed $52,000 from all sources, taxable or nontaxable. -For property jointly owned by husband and wife or by a single taxpayer, the combined net worth of the owner(s) and spouse(s), excluding the value of the home and up to 10 acres of land upon which the home is situated, must not exceed $350,000. Note that only the home and up to one acre of land is eligible for tax relief. -For property jointly owned by co-owners other than husband and wife, the combined net worth of the owners must not exceed $324,075, without any exclusion for the dwelling and land. -The total relief provided is subject to a maximum of $2,000 for recipients other than those who qualify for 100 percent exemption. For more details, including the application process and deadline, contact the Commissioner of Revenue’s Office at (804) 748-1281. Information also is available online at chesterfield.gov.

March 19, 2009; 8:00 PM • by Scott

CHESTERFIELD COUNTY, VA – One of several programs to help qualified county residents with paying real estate taxes is designed specifically to help older or disabled residents.

The Tax Relief for the Elderly/Disabled program is administered by the Chesterfield County Commissioner of the Revenue’s Office and recognizes the unique financial challenges that elderly and/or disabled residents may face. The qualifying criteria are as follows:

-All owners must live in the household.

-You must be 65 older as of Dec. 31 of the preceding year or be totally or permanently disabled by the same date.

-You must live in the home, and it must be your primary residence.

-The total gross income of all occupants of the home must not exceed $52,000 from all sources, taxable or nontaxable.

-For property jointly owned by husband and wife or by a single taxpayer, the combined net worth of the owner(s) and spouse(s), excluding the value of the home and up to 10 acres of land upon which the home is situated, must not exceed $350,000. Note that only the home and up to one acre of land is eligible for tax relief.

-For property jointly owned by co-owners other than husband and wife, the combined net worth of the owners must not exceed $324,075, without any exclusion for the dwelling and land.

-The total relief provided is subject to a maximum of $2,000 for recipients other than those who qualify for 100 percent exemption.

For more details, including the application process and deadline, contact the Commissioner of Revenue’s Office at (804) 748-1281. Information also is available online at chesterfield.gov.

March 19, 2009 8:00 PM 0