The Real Estate Tax Relief Program for Elderly or Disabled persons provides for the reduction or exemption of real estate property taxes for the home and up to 10 acres of land for certain homeowners.
What is the eligibility based on?
Eligibility for the program is based on a combination of age and/or disability, income, and total assets. If eligible, the exemption/reduction would apply to the following tax year.
What are the Basic Requirements?
- The applicant must be at least sixty-five (65) years of age as of June 30th of the prior tax year or permanently and totally disabled.
- The TOTAL COMBINED GROSS HOUSEHOLD INCOME of the homeowner, spouse, and all of the owner’s relatives residing in the dwelling, excluding the first $10,000 of income of the owner’s relatives other than the spouse, shall not exceed a total of $59,170. A total of $7,500 is excluded from the income of a homeowner who is permanently and totally disabled. Income from any other person(s) living in the home, who is not related to the owner(s), is not considered.
- The NET COMBINED FINANCIAL WORTH, including equitable interests as of December 31st of the preceding calendar year, of the owners and the spouse of any owner, excluding the value of the dwelling and the land, not exceeding ten acres upon which it is situated, shall not exceed $265,190.
How do I apply for Real Estate Tax Relief?
An application must be filed with the Suffolk Department of Social Services between January 1st and June 30th preceding the tax year for which relief is sought.
To make an appointment to apply for this program or if you have any questions, please call (757) 514-4870 between January 1st and June 30th.
Please note: The Tax Relief application only applies to Real Estate taxes. It does not impact personal property or income taxes.
Are there limits on the Tax Relief exemption?
The Tax Exemption is limited to the median value of single family residential property. Therefore, the exemption is capped at this figure or the assessed value, whichever is less.
Veterans Real Estate Tax Relief Program
The Commonwealth of Virginia exempts from taxation, the real property, including the joint real property of husband and wife, of any veteran who has been rated by the U.S. Department of Veterans Affairs as having a 100% service connected, permanent and total disability and who occupies the real property as his or her principal place of residence. The exemption from taxation for real property applies to the qualifying dwelling and also provides exemption of the real property from the land, not exceeding ten acres, upon which it is situated. Veterans only need to reapply for this benefit if his or her principal place of residence changes.
The surviving spouse of a veteran whose real estate taxes were exempted or would have been exempted also qualifies for the exemption, provided the death of the Veteran occurred on or after January 1, 2011, the surviving spouse continues to occupy the real property as his or her principal place of residence, and the surviving spouse does not remarry.
An exemption from taxation of real property for surviving spouses of members of the Armed Forces killed in action also applies to the principal place of residence. However, if the value of the dwelling is in excess of the average assessed value of single family residences, then the portion of the value in excess of that value will be subject to taxation.
Appointments are necessary to apply for this program. Further information and required documents will be discussed by calling 514-7370 or 514-4870.