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Agenda Item
7. From the Public: Matters on the Agenda but Not Listed for Public Hearing or on Matters Previously Considered by the Board or Matters that are Pending Before the Board.
1 Public Comment
J Dirk Nies, Executive Director, nonprofit Floriescence Institute
over 1 year ago
New Idea: Simply Compliance and Expand Eligibility for Elderly Real Estate Tax Relief by Eliminating Total Net Worth Restrictions and Establishing a Cap on Maximum Annual Benefit.
Many low income, elderly property owners in Albemarle County do not qualify for real estate tax relief under the current program eligibility requirements because their net worth is too high.
For example, although we qualify based upon age and total combined income, my wife Carmen Morales Nies and I own a property adjacent to our principal residence that is valued at more than $200,000, disqualifying us from participating in this program.
I recommend elimination of the current restriction on Total Net Worth. This would simplify compliance for applicants as well as auditing requirements on the part of County staff.
In place of the Total Net Worth eligibility requirement, I suggest setting a cap on the maximum annual tax relief that an applicant can receive under this program at $6,000.
New Idea: Simply Compliance and Expand Eligibility for Elderly Real Estate Tax Relief by Eliminating Total Net Worth Restrictions and Establishing a Cap on Maximum Annual Benefit.
Many low income, elderly property owners in Albemarle County do not qualify for real estate tax relief under the current program eligibility requirements because their net worth is too high.
For example, although we qualify based upon age and total combined income, my wife Carmen Morales Nies and I own a property adjacent to our principal residence that is valued at more than $200,000, disqualifying us from participating in this program.
I recommend elimination of the current restriction on Total Net Worth. This would simplify compliance for applicants as well as auditing requirements on the part of County staff.
In place of the Total Net Worth eligibility requirement, I suggest setting a cap on the maximum annual tax relief that an applicant can receive under this program at $6,000.