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Council committee advances code change increasing elderly and disabled property tax exemption thresholds
Summary
Ordinance 25-024, which raises the assessed-value threshold for the elderly and disabled real estate tax exemption and aligns income limits with 100% of the federal poverty level, was moved out of committee after council discussion on reassessment impacts.
The Wilmington City Council committee voted to move ordinance 25-024 out of committee after council members discussed changes to the city’s exemption for elderly and disabled property owners.
Council member McCoy explained the measure as a response to a recent reassessment that increased property valuations in the city. McCoy said the ordinance increases the assessed-value threshold used in the exemption from $40,500 to $210,300 and aligns the income eligibility threshold with 100% of the federal poverty level. McCoy recited the updated federal poverty figures used in the ordinance: $15,650 for individuals and $21,150 for married couples.
McCoy said the changes are intended to allow more elderly and disabled homeowners to register for and receive the real estate tax exemption and related water-bill deduction. No public commenters addressed the item at the committee meeting. The committee voted by voice to move the ordinance out of committee; the ordinance will be scheduled for committee consideration on Thursday, June 5.
Discussion vs. decision: staff and council described the reassessment as the policy driver; the committee’s vote forwarded the ordinance for further consideration, not final adoption.
