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Prince William to consider raising tax relief limits
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Prince William County (Map, News) - The Prince William County Board of Supervisors will next month consider raising the limits on the elderly and disabled tax relief program to allow more residents to qualify by the 2007 tax season.
The 2006 General Assembly raised the net combined financial worth for the relief on real estate taxes from $340,000 to $540,000. Disabled people or people 65 years and older qualify for the relief if the value of their income and a portions of their property total $540,000.
“If your income is less than $69,200 and your assets are less than $540,000, [if approved], you could qualify for all or a portion of your real estate tax exemption,” said Allison Lindner, the county’s real estate assessments division chief. “If you make under $47,700, you could qualify for 100 percent exemption.”
The office does not include $7,500 for disability income or $10,000 in a relative’s income, other than a spouse, living in the home, she said.
Assets do not include the value of the home and up to 25 acres that the house occupies, she said.
More than 2,400 Prince William County residents were able to use the relief during the 2006 tax year to save $5.9 million, according to county officials.
If the county raises its limits to match the state’s, county staff expects at least another 100 people to qualify, saving them nearly $350,000 on their annual real estate taxes.
Other jurisdictions in Northern Virginia will take a look at the new limits for the elderly and disabled tax relief, but it is unclear whether any will make any changes.
“We will take a look at it. The problem is our revenue situation is quite serious,” said Gerry Connolly, chair of the Fairfax County Board of Supervisors.
“We are looking at revenue growth at or below 3 percent. Last year our growth was at 13 percent,”
Last year, the tax rate was reduced in Fairfax by 34 cents to 89 cents per $100 of a home’s assessed value.
The supervisors also eliminated the car tax decal and the fee associated with it, Connolly said.
Comments from Examiner Readers
8:22 PM MST on Tue., Apr. 15, 2008 re: "Post offices stay open late for tax procrastinators"
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5:30 PM MST on Tue., Apr. 15, 2008
re: "Post offices stay open late for tax procrastinators"
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4:39 AM MST on Mon., Mar. 31, 2008
re: "Tax pros: Don’t forget deductions for education, savings, contributions"
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5:22 AM MST on Tue., Oct. 30, 2007
re: "‘No new taxes:’ Md. groups rally against O’Malley’s tax hike plan"
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5:14 AM MST on Tue., Oct. 30, 2007
re: "Republicans say poll a sneaky way to increase taxes"
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4:42 AM MST on Tue., Oct. 30, 2007
re: "‘No new taxes:’ Md. groups rally against O’Malley’s tax hike plan"
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4:12 AM MST on Tue., Oct. 30, 2007
re: "‘No new taxes:’ Md. groups rally against O’Malley’s tax hike plan"
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4:06 AM MST on Tue., Oct. 30, 2007
re: "‘No new taxes:’ Md. groups rally against O’Malley’s tax hike plan"
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3:05 AM MST on Tue., Oct. 30, 2007
re: "‘No new taxes:’ Md. groups rally against O’Malley’s tax hike plan"
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12:24 PM MST on Tue., Aug. 7, 2007
re: "Republicans say poll a sneaky way to increase taxes"
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4:40 PM MST on Fri., Aug. 3, 2007
re: "Republicans say poll a sneaky way to increase taxes"
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2:28 PM MST on Fri., Aug. 3, 2007
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10:43 AM MST on Mon., Jun. 18, 2007
re: "Thousands of city properties on the market in tax auction"
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Examiner Reader said:
What post offices are open today later than 7:30 p.m.?
5 agree | 6 disagree
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Gizmo said:
It's pay day in the congress and Ted Kennedy is waiting for my check, it's his turn to buy a round at the Senate Bar.
5 agree | 6 disagree
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Examiner Reader said:
This article should have been written in January... Better late than never...
4 agree | 5 disagree
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Martin O'Malley said:
Stop criticizing me, you'd do the same thing if you were in my position. I'm the governor, I have the right to have more power and control over money. And the best way to do that is take it from the rich. They have the most of it, and besides, they don't protest and complain because they're too busy working.
156 agree | 149 disagree
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Examiner Reader said:
The poll was done by "Alliance for Tax Fairness, a coalition of liberal advocacy groups". I'm sure that wasn't biased at all... What really cracks me up are these far left groups that throw "Progressive" in their title. Progressive to who/what, other than your socialist agenda? Is huge government "progress"? I don't think so, anyway.
149 agree | 148 disagree
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reader said:
I think the politicians should stand and say to O'Malley, make the cuts and see where that lying, sack of crap will lay the blame then. Oh I forgot he can always blame Bob Ehrlich, even for the BGE lies he told us.
154 agree | 162 disagree
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VJC College Republican said:
If Thomas Jefferson thought taxation without representation was bad, he should see it with representation!
166 agree | 168 disagree
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Examiner Reader said:
Thanks Baltimore City and Prince Georges county for electing this tax and spend Democtat. You deserve all the taxes this wimp can impose
197 agree | 160 disagree
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Sven said:
Makes no never mind. O'Malley has got them where he wants them. Don't give him his tax increases and he will cut the funds to your county, teachers retirement, green programs and anything else to blackmail the legislators. M.O. WINS!
178 agree | 185 disagree
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Examiner Reader said:
Tax fairness” lol. How is it fair the I might be taxed more just because I happen to be successful? Am I using more State resources then someone who is less successful? I've got two kids in college but I don't qualify for any state aid on tuition because I've committed a sin against liberal sensibilities by making to much money. A lower income citizens kid gets the State tuition aid my kids are denied how’s that for fair. The 4% state tax on a $200,000 salary equates to a bigger contribution to the state coffers the 4% with held from a $35,000 salary so don't talk to me about fair taxation.
221 agree | 209 disagree
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Examiner Reader said:
Simple solutions to taxes, No Taxes except on purchases.... The rich would then pay and the poor would save. No employment tax!!
210 agree | 191 disagree
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Examiner Reader said:
Why is it that the folks who conduct these polls never speak with anybody I know?
206 agree | 184 disagree
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Examiner Reader said:
I've searched everywhere for the list, including the Times for the list of properties. It has not yet made it to the OTR website. Anyone know where you can find this other than the original newspaper ad?
263 agree | 224 disagree
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