Meetings
 
Spotsylvania County
Board of Supervisors Agenda
Executive Summary

 
Print
Meeting Date: January 22, 2019
Title: Authorize Public Hearing for Amendment to Exempt the Elderly or Disabled Person; Sec 21-80
Type: Action
Agenda Title: Authorize Public Hearing for Amendment to Exempt the Elderly or Disabled Person; Sec 21-80
Recommendation:

If the BOS would like to make changes to the Tax Relief for the Elderly or Disabled Program, the BOS would need to authorize the advertising of a Public Hearing and the changes would become effective January 1, 2019.

Summary: On April 12, 2018, the FY 2019 Budget was adopted with the intent that the exemption for the Tax Relief for the Elderly or Disabled Program would be increased from $1,200 to $1,500. Public Hearing is set for the February 26, 2019 Board of Supervisors Meeting.
Committee/Commission Summary:
Review Date: Status:
Financial Impact: The change to the exemption from $1,200 to $1,500 was estimated at budget time to decrease real estate revenue by $130,372.  This decrease was factored into the FY 2019 Budget that was adopted on April 12, 2018.
Staff Contacts: Deborah F Williams, Commissioner of the Revenue & Bonnie Jewell, Budget Manager
Legal Counsel: Shelia Weimer, Assistant County Attorney
Additional Background/Other Considerations: The Board of Supervisors approved a change of this nature as part of the FY 2019 Adopted Budget
Consequence of Denial/Inaction:

The exemption will remain at $1,200.
 
ATTACHMENTS:
Name: Description: Type:
No Attachments Available