Read the Bills Act Coalition

Monday, September 15, 2008

More possible Tax relief for the Elderly and Disabled program in Chesterfield

From RTD:

Chesterfield County leaders are considering expanding the county's Tax Relief for the Elderly and Disabled program....Next week, the Board of Supervisors will hear from the public on recommendations that would broaden the base of those eligible for assistance from the county in paying their real estate taxes...."What this would be doing is really expand the potential for participants to have a better benefit and more relief. It may even open the program up to more participants," said Allan Carmody, director of the county's Department of Budget and Management....The original proposal, brought forth a month ago, suggested raising the cap on annual relief from $2,000 to $2,500 and bumping the cutoff for full relief from a $37,000 income ceiling to $39,000. It also would have raised the limit on eligible participants' net worth -- the calculation of a person's assets and liabilities excluding the value of their home -- from $200,000 to $275,000.


Read Here: http://www.inrich.com/cva/ric/news/community/chesterfield.apx.-content-articles-RTD-2008-09-15-0055.html

1 comment:

Anonymous said...

It's about time!! The State of Va has long had higher personal assets levels. Even more ironic is this $200,00 limit when the annual income is under $23,000. I Tried to appeal this reasoning, but got nowhere. Won't be much longer--the assets will be gone and then I won't be able to pay the mortgage! It's a lose-lose situation!
An unhappy, worried, Chesterfield County resident.