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Council raises income and asset limits for elderly and disabled real-estate tax relief program
Summary
The commissioner of the revenue asked council to increase income and asset thresholds for the city’s real-estate tax relief program; council adopted proposed amendments to raise the income cap to $50,000 and the asset cap to $80,000 and simplify the program’s sliding-scale brackets.
Staunton’s Commissioner of the Revenue, Maggie Reagan, presented proposed amendments to Chapter 3.15 — the city’s real estate tax relief program for the elderly and permanently disabled — and recommended increasing program eligibility limits.
Reagan told council the Commonwealth’s enabling statute sets the framework for local programs and that…
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