COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Amendment of Chapter 15, Article VII, Sections 15-704 and 15-705, Property Exempted from Taxation, of the Albemarle County Code

 

SUBJECT/PROPOSAL/REQUEST:

Public hearing to consider adoption of an ordinance to amend Chapter 15, Article VII, by amending Sections 15-704, Persons Eligible for Exemption, and Section 15-705, Amount of Exemption, relating to the Tax Relief for the Elderly and Disabled Program

 

STAFF CONTACT(S):

Messrs. Tucker, Wiggans; Ms. White

 

LEGAL REVIEW:   Yes

 

AGENDA DATE:

December 1, 2004

 

ACTION:     X                         INFORMATION:     

 

CONSENT AGENDA:

  ACTION:                              INFORMATION:   

 

 

ATTACHMENTS:      Yes

 

 

REVIEWED BY:

 

 

 

BACKGROUND:

At its meeting on November 3, 2004, the Board directed staff to prepare a draft ordinance, amending the County Code sections governing the Tax Relief for the Elderly and Disabled Program and set the ordinance for public hearing.

 

 

STRATEGIC PLAN:

4.2. Fund County Services in a fair, efficient manner and provide needed public facilities and infrastructure.

 

 

DISCUSSION:

As directed by the Board, staff has prepared a draft ordinance (Attachment A), increasing the income and net worth limits used to determine eligibility for the Tax Relief for the Elderly and Disabled Program to $30,000 and $90,000, respectively, and replacing the existing scale, used to determine the amount of eligible tax exemption, with a matrix using both income and net worth limits.  Several jurisdictions in the state, including the City of Charlottesville, already use this type of matrix.  The advantage of this system is that varying levels of net worth are considered to determine the relief percentage.  This will become more critical if limits are increased in the future.  The disadvantage is that it is slightly more complicated to administer and explain. 

 

 

RECOMMENDATIONS:

Staff recommends that the Board, after the public hearing, adopt the attached ordinance amendments set forth in Attachment A.

 

 

ATTACHMENTS

Attachment A Draft Ordinance

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