Chesapeake Virginia Tax Relief for Disabled or Senior Citizens 2008
Commissioner of Revenue - Real Estate Tax Relief for Disabled or Senior Citizens
Basic Requirements
1. Must be 65 years of age or older or totally and permanently disabled.
2. Must own and live in the property to be exempted.
3. Combined income of owners cannot exceed $62,000 per year.
4. Net worth, exclusive of the home, cannot exceed $350,000.
The program also applies to mobile homes.
The exemption is granted on an annual basis and a new application must be filed each year.
Applications must be filed no later than
May 15th of the taxable year.