Department of Finance of the City of Richmond administers a real estate tax relief program for older adults age 65 and older, people with total and permanent disability and who meet the income and asset guidelines. Real estate tax relief is also provided to veterans with 100 percent, service-connected disabilities with no income or asset requirements. The Commissioner of the Revenue administers the program. The Tax Relief for the Elderly and Disabled is authorized under the Code of Virginia §58.1-3210. The Elderly and Disabled Tax Relief application is available on the website.
Veterans rated by the U.S. Department of Veterans Affairs (VA) as having a 100 percent, permanent and total, service-connected disability or who have a service-connected individual unemployable disability rating are exempt from paying real estate taxes on their primary residence. The exemption is based on the veteran’s disability rating rather than the level of compensation. The exemption includes property held jointly by spouses and applies to the residence and up to one acre of land. The Veterans with Disabilities Tax Exemption application is available on the website.
The surviving spouse of an eligible veteran may also receive the real estate tax exemption if the veteran died on or after January 1st. The spouse will lose the exemption if he or she remarries or does not occupy the property as his or her primary residence.
Tax Relief: The tax relief program offers those who qualify for the program partial or full tax exemption from real estate taxes in the city of Richmond.
Tax Freeze: The tax freeze program offers those who qualify an exemption from the increase in real estate taxes from the date you first apply and qualify for this exemption.