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Resident calls for Radford to raise senior tax-relief income and asset thresholds
Summary
Alan Cook asked council to increase the income and asset limits in Radfords senior tax-relief program, saying current thresholds lag neighboring counties and do not reflect inflation or housing-value changes.
Alan Cook, a Radford resident, presented research comparing Radfords senior tax-relief thresholds with neighboring Montgomery and Pulaski counties and asked council to raise both income and asset caps.
Cook said the citys total income threshold for eligibility (as he found it) was $24,000 and that county thresholds were higher; he suggested raising the limits to between $36,000 and $48,000 for income and noted the citys asset exclusion for a dwelling and up to one acre meant homes valued above $180,000 could count toward assets.
Mayor Horton and other councilors acknowledged the program was established about 18 years ago and agreed inflation has eroded the thresholds. Council indicated the topic is appropriate for review after election-day and when a new commissioner of the revenue and treasurer are installed, and suggested forming a working group to revisit the eligibility limits.
No formal motion was made at the meeting to change the program; council asked staff to keep the item under consideration for a future working group review.
