CHESTERFIELD COUNTY, VA. (WRIC) – More seniors in Chesterfield County will be eligible for real estate tax breaks with a new county code amendment approved during Wednesday’s board of directors meeting.
For several years, Chesterfield County has exercised the option to provide real estate tax relief
Seniors aged 65 and over and citizens who are considered to be permanently and completely disabled.
From now on these citizens have an annual income of $ 28,500 or less could get 100% tax relief. This is an increase over the previous annual income of $ 27,200 or less. In order for these citizens to be exempt from 60% of their real estate tax payments, they can now have an annual income of up to $ 39,000. These citizens with an annual income of up to $ 52,000 can be exempt from 35% of their property tax payments.
According to the proposed change, this change is not expected to add any additional costs to the county.
Residents who qualify can click here to apply for tax breaks.