City Council has adopted a program to assist qualifying individuals on both real estate and personal property taxes. We encourage qualifying senior citizens and disabled persons to take advantage of our tax exemption programs. To qualify individuals must meet income and net worth limitations.
Applications for Real Estate Tax Exemption are taken in the Real Estate Assessor's Office, Municipal Center, by appointment only from February 1 through June 30.
Please call 385-8847 for an appointment.
TO QUALIFY:
*SENIOR CITIZEN - 65 YEARS OR OLDER OR
*TOTALLY DISABLED - NO AGE LIMIT, $10,000 INCOME EXCLUSION
*PARTIAL OR TEMPORARY DISABILITY - UP TO $5,000 OF DISABILITY BENEFIT EXCLUDED
*MUST RESIDE IN VIRGINIA BEACH HOME OR A CONVALESCENT FACILITY
TAX EXEMPTION/FREEZE
*ANNUAL HOUSEHOLD INCOME MUST NOT EXCEED $63,450 FOR TAX EXEMPTION
*ANNUAL HOUSEHOLD INCOME MUST NOT EXCEED $67,000 FOR THE FREEZE *ASSETS MUST NOT EXCEED $350,000 (OTHER THAN RESIDENCE)
PERCENTAGE OF TAX EXEMPTION VARIES BASED UPON INCOME LEVEL
TAX DEFERRAL
*TOTAL TAX WILL BECOME DUE UPON OWNERSHIP CHANGE IN RESIDENCE
*ANNUAL HOUSEHOLD INCOME MUST NOT EXCEED $67,000
*ASSETS MUST NOT EXCEED $350,000 (OTHER THAN RESIDENCE)
*SUBJECT TO CHANGE