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City staff outlines tax-relief options, proposes 10.1% vehicle credit
Summary
City staff reviewed existing real-estate and veteran tax relief programs and proposed a 10.1% personal-property tax credit on the first $20,000 of vehicle value, to take effect January 2027; council members pressed staff on eligibility and program mechanics.
Kevin Chatelier briefed the Virginia Beach City Council on a package of tax-relief programs and a proposed personal-property credit included in the FY26–27 budget reconciliation.
Chatelier said the city’s long-standing elderly and disabled real-estate exemption is income-based and remains generous compared with peer localities, noting households with annual income from $0 to $66,700 may be eligible for up to a 100% real-estate tax exemption if they meet other program parameters. "An individual who's 65 years or older and permanently disabled ... as long as the income within the household does not exceed a certain threshold ... then the individuals eligible ...…
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