Property Tax Exemption for Elderly and Disabled
Amends
Article X. Taxation and Finance
Section 6. Exempt property
Summary
This measure aims to provide some financial help to the elderly and/or disabled, exempting them from paying property taxes on their primary residence. Technically, the amendment allows localities to set the income level at which their residents qualify for exemption.
Shall Section 6 of Article X of the Constitution of Virginia be amended to authorize legislation that will permit localities to establish their own income or financial worth limitations for purposes of granting property tax relief for homeowners not less than 65 years of age or permanently and totally disabled?
- First resolution – HJ688 – 2009
- Second resolution – HJ11 and SJ97– 2010
- Referendum legislation – HB16 – 2010
Section 6. Exempt property.
…
(b) The General Assembly may by general law authorize the governing body of any county, city, town, or regional government to provide for the exemption from local property taxation, or a portion thereof, within such restrictions and upon such conditions as may be prescribed, of real estate and personal property designed for continuous habitation owned by, and occupied as the sole dwelling of, persons not less than sixty-five years of age or persons permanently and totally disabled as established by general law who are deemed by the General Assembly to be bearing an extraordinary tax burden on said property in relation to their income and financial worth. A local governing body may be authorized to establish either income or financial worth limitations, or both, in order to qualify for such relief.
https://law.lis.virginia.gov/constitution/article10/section6/
Additional Resources