Housing

Hopewell Real Estate Tax Relief for the Elderly and Disabled

Hopewell relieves the real estate tax of an owner 65 or permanently disabled on January 1 with income to $32,500 and net worth to $100,000, excluding $4,000 of each non-spouse relative’s income and the first $10,000 of a permanently disabled individual’s income, on an affidavit filed by April 1.

Also called: tax relief, property tax, elderly and disabled, income limit, net worth, April 1.

For: Veteran or service member.

Where it applies

Written for the jurisdictions listed here.

The city's Real Estate Tax Relief for the Elderly & Disabled page sets the program. Exemptions run to real property "owned and occupied as the sole dwelling of a person who is determined to be permanently and totally disabled or over the age of 65", with jointly held property qualifying if either spouse is 65 or totally and permanently disabled. Net combined financial worth may not exceed $100,000 including equitable interests as of December 31 of the preceding year, excluding the dwelling and up to one acre. Total combined income may not exceed $32,500, with the first $4,000 of each non-spouse relative's income excluded and "the first $10,000 of income... excluded for permanently disabled individuals". The affidavit is filed annually with the Commissioner of the Revenue "no later than the 1st day of April each year"; first-time filers document assets (year-end bank balances, stocks, bonds, CDs, other real estate) and all income sources for everyone in the household. Questions go to 804-541-2237. It is not a VA rating of 100% service-connected, and a disabled veteran who does not meet that test can use it.

Thresholds

Thresholds for Hopewell Real Estate Tax Relief for the Elderly and Disabled
GateRule
Age 65 or permanently and totally disabledThe owner is 65 or older, or permanently and totally disabled, on January 1 of the tax year. A VA rating alone is not the test.
Income and net worthIncome to $32,500 (first $4,000 of each non-spouse relative excluded; first $10,000 excluded for a permanently disabled individual) and net worth to $100,000 excluding the dwelling and one acre; affidavit filed by April 1.

Sources

Updated

Last updated .

What changed then:

  • First published.

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Disclaimer

VetTOC is not affiliated with the U.S. Department of Veterans Affairs or the Department of Defense. Information is for reference only and is not an eligibility determination. Verify with VA, the relevant state or territory, or an accredited VSO.