City of Charlottesville issued the following announcement on Feb. 14
If you own and are living in your home in the City of Charlottesville and are 65 years of age or older, or are permanently disabled, and have a yearly income of $55,000 or less and a net worth of $125,000 or less, you may qualify for Real Estate Tax Relief. Net worth excludes the fair market value of the home in which you live.
Qualifications:
- Applicant must be 65 years of age (or older) or permanently and totally disabled (subject to verification) as of December 31, 2021;
- Property for which the exemption is claimed must be occupied as the sole dwelling of the applicant;
- Gross combined income in 2021 from all sources for applicant, applicant’s spouse, and any relatives in such dwelling shall not exceed $55,000;
- First $7,500 of income classified as permanent disability compensation for the applicant; shall be excluded from the gross income calculation;
- First $8,500 of income of each relative other than the spouse of such applicant who is living in such dwelling shall be excluded from the gross income calculation;
- Net combined financial worth, excluding the dwelling, of the applicant and applicant’s spouse as of December 31, 2021, cannot exceed $125,000.
The deadline to apply is March 1, 2022. To apply online, visit www.charlottesville.gov/COR
Due to COVID-19, in-person applications should be scheduled BY APPOINTMENT (Monday – Friday, 8:30am to 4:30pm) by visiting www.charlottesville.gov/COR or by calling 434-970-3160.
THERE WILL BE NO ROLLOVER USING PRIOR YEAR QUALIFICATIONS.
Original source can be found here.
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