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Property Tax Relief for the Elderly and Disabled

Virginia Ballot Measure - Ballot Question 1

Election: Nov. 2, 2010 (General)

Outcome: Passed

Categories:

Housing and Property
Constitution
Senior Citizens

Summary

    Present Law

    Under the Constitution, the General Assembly may give localities the power to grant full or partial exemptions from real estate taxes to persons 65 years of age or older or for persons permanently and totally disabled. The exemption applies to owneroccupied property used as the sole dwelling of such persons. The exemption is currently available only to such persons who bear "an extraordinary tax burden" in relation to their income and financial worth.

    Proposed Amendment

    The proposed amendment (i) removes the requirement that tax exemptions are available only to such persons who bear "an extraordinary tax burden," and (ii) gives the General Assembly authority to permit localities to determine their own income or financial worth limitations for tax exemptions for persons 65 years of age or older or for persons permanently and totally disabled.

    Measure Text

    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?

    Resources

    Official Summary

    Source
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