Meeting Time: December 03, 2025 at 6:00pm EST
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Agenda Item

11. 25-445 Public Hearing to Consider the Adoption of an Ordinance to Modify Real Estate Tax Relief for Elderly and Disabled Persons. To receive public comment on its intent to adopt an ordinance to amend County Code Chapter 15, Taxation. The proposed ordinance would amend Article 7, Real Property Tax, Division 2, Real Property Tax Exemption for Certain Elderly and Disabled Persons, Sections 15-709, Real property eligible for an exemption, and 15-710, Amount of exemption. The proposed amendment would adjust the maximum annual net income limit to align with the current value for the US Department of Housing & Urban Development Area Median Income (AMI) Limits, using the value for 80% AMI for a family of four in Albemarle County. It will adjust the maximum annual net combined financial worth not to exceed the inflation adjusted value of $200,000 in January 2007 and rounded to the nearest $1,000 for the calendar year immediately preceding the taxable year. All proposed amendments would be enabled by Virginia Code §§ 58.1-3210 and 58.1-3212, to be effective on and after January 1, 2026.