The County of Albemarle offers Real Estate Tax Relief to taxpayers 65 years of age or older or taxpayers determined to be permanently and totally disabled as of December 31, 2016.
The following example illustrates how the program works:
|Assessed value of home
|Real Estate tax rate
|Tax liability $300,000/$100*$0.839 =
||$ 2,517 / annual
|If qualified for 100% relief taxpayer receives
||$ 2,517 abatement
|If qualified for 50% relief taxpayer receives
||$ 1,258.50 abatement
The amount of relief is determined by calculating an applicant's total income and net worth. Based on that calculation applicants may qualify for 20% to 100% relief of their real estate tax liability. The 2016 maximum income limit is $69,452 and net worth cap is $200,000.
Albemarle County is pleased to offer this program and welcomes your participation. Included below is information on how to apply. Please call our office at (434) 296-5851, option #3 if you have any questions or need assistance in completing your application.
>> CLICK HERE TO DOWNLOAD AN APPLICATION
New for 2017, existing tax relief recipients will be required to file an application of financial information every three years rather than every year, with an annual recertification's in the intervening years. For more information, call the Revenue Administration office, Assessments Division at 434-296-5851, Option 3.
>> CLICK HERE TO DOWNLOAD THE RE-CERTIFICATION FORM
Veterans Real Estate Tax Exemption
Albemarle County offers real estate tax exemption to any veteran who has been rated by the U.S. Department of Veterans Affairs or its successor agency pursuant to federal law to have a 100 percent service-connected, permanent and total disability, and who occupies the real property as his/her primary place of residence. The surviving spouse of a veteran eligible for the exemption may also qualify. Click here for more information...