AN ORDINANCE TO AMEND CHAPTER 58, ARTICLE II, DIVISION 3, SUBDIVISION II, SECTION 58-85 OF THE CODE OF THE COUNTY OF WASHINGTON, VIRGINIA, TO UPDATE FINANCIAL ELIGIBILITY CRITERIA FOR THE PARTIAL EXEMPTION FROM TAXATION OF QUALIFIYING ELDERLY AND HANDICAPPED PERSONS
WHEREAS, Section 58.1-3210 of the Code of Virginia (1950, as amended) allows the local governing body, by ordinance, to provide for exemption of taxation of real estate and manufactured homes in such amount provided by Ordinance.
WHEREAS, the Washington County Code (2002, as amended), provides for such exemption, for which eligibility is determined based upon specific financial criteria; and
WHEREAS, such financial criteria require amendment from time to time to adjust for inflation, and the Commissioner of Revenue has recommended adjustment based on current economic conditions; and
NOW, THEREFORE, BE IT ORDAINED, by the Board of Supervisors for Washington County, Virginia, after notice as public hearing, as required by law, and finding it in the best interest of the public health, safety, and welfare, the Code of the County of Washington (2002) shall be amended as set forth below subject to the following terms and conditions:
- That should any section of provision of this Ordinance be decided to be invalid or unconstitutional by a court of competent jurisdiction, such decision shall not affect the validity or constitutionality of any other section or provision of this ordinance or the Washington County Code.
- That the ordinance shall become effective immediately upon its enactment.
- Chapter 58, Subsection 58-85 is amended, as set forth below; underline and italic indicate language to be added; strikethrough indicates language to be deleted:
CHAPTER 58 TAXATION
Article II. Ad Valorem
Division 3. Real Property
Subdivision II. Exemption of Taxation of Certain Elderly and Handicapped Persons
Section 58-85. Amount of Exemption
The person qualifying for and claiming exemption shall be relieved of that portion of the real estate tax levied on the qualifying dwelling and land, not exceeding five acres, in the amount calculated in accordance with the following schedule: TABLE INSET BELOW:
| If Income is: | And net worth is: | The percentage is: |
| $0.00 to $26,343.00 | Under $100,000.00 | 80% |
| $26,344.00 to $31,611.00 | Under $100,000.00 | 60% |
| $31,612.00 to $40,041.00 | Under $100,000.00 | 40% |
| $40,042.00.00 to $46,363.00 | Under $100,000.00 | 20% |
| If Income is: | And net worth is: | the percentage is: |
| | Under $100,000.00 | 80% |
| | Under $100,000.00 | 60% |
| | Under $100,000.00 | 40% |
| | Under $100,000.00 | 20% |