Chesterfield Board proposes $5M tax relief for seniors and disabled veterans

Chesterfield County's Board of Supervisors convened on March 12, 2025, to discuss the proposed budget for fiscal year 2026, focusing on tax relief measures and funding for essential services. The meeting highlighted significant changes aimed at addressing the financial pressures faced by residents, particularly seniors and disabled veterans.

One of the key recommendations was a reduction in the tax rate from 90 to 89 cents per $100 of assessed value, coupled with a one-time 5% credit on the first half of the tax bill. This adjustment is expected to provide an average tax increase of only 1.3% year-over-year, a notable shift given the historical context of property tax assessments in the county. Officials emphasized that despite recent increases in home values, many residents would not see their tax bills exceed those from as far back as 2008 until 2020.

The board also discussed the growing need for support programs, particularly for seniors and disabled veterans. A proposed $5 million investment aims to expand eligibility and benefits for these groups, reflecting the county's commitment to addressing the needs of its aging population. The automatic adjustments tied to Social Security increases were highlighted as a crucial aspect of this support, ensuring that those eligible for relief are not left behind as costs rise.

Concerns were raised about the impact of tax relief measures on renters, who do not benefit from the same programs. Board members acknowledged that increasing tax relief for homeowners could inadvertently shift the financial burden onto renters, who may face rising costs as a result.

In addition to tax relief, the proposed budget includes funding for essential services such as parks and recreation, enhancements in the sheriff's office, and the establishment of an employee medical center aimed at reducing healthcare costs. However, the budget also reflects significant unmet needs, with over $22 million in operating requests and more than $300 million in capital projects left unfunded.

The meeting underscored the board's ongoing efforts to balance fiscal responsibility with the need for community support, particularly in light of rising costs and demographic shifts. As the budget process continues, the board will seek to refine its proposals and address the pressing needs of Chesterfield County residents.