Real Estate Tax Exemption
The City of Virginia Beach offers Real Estate Tax Exemption/Deferral/Freeze for Senior Citizens and Disabled Persons designed to provide property tax relief for qualifying applicants. Eligibility is based on a combination of age, disability, income and total assets. Applications for exemption must be filed by June 30 preceding each tax year for which exemption is sought.
To qualify:
Senior Citizen - 65 years or older
or
Totally Disabled - no age limit, $10,000 income exclusion
Must reside in the Virginia Beach residence or a convalescent facility
**Tax Exemption: Reduction of 20% to 100% based upon income
Annual household income must not exceed $62,000Assets (excluding residence) must not exceed $350,000
**Tax Freeze: Tax Remains Unchanged
Annual household income must not exceed $62,000Assets (excluding residence) must not exceed $350,000
**Tax Deferral: Tax will become due, upon ownership change in residence
Annual household income must not exceed $62,000Assets (excluding residence) must not exceed $350,000
*Annual household income
Up to $10,000 of a live-in relative (other than spouse of an owner) is excluded.
Income of a live-in caregiver may be excluded.
*Income and asset levels are adjusted annually based upon average residential assessment increases.
For the Tax Year July 1, 2008 through June 30, 2009, applications for real estate tax relief are taken by appointment only from February 1st through June 30, 2008 in the Office of Real Estate Assessor located at the Municipal Center, Building 18.
Please call 385-4601 for an appointment. Your inquiries are welcomed.
Contact Information:Real Estate Assessor
2424 Courthouse Dr.
Municipal Center, Bldg. 18
Direct: (757) 385-4601
Hours of Operation: Monday - Friday , 8 a.m. - 5 p.m