administrator
06-12-2008, 07:51 PM
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The economy has a lot of local governments tightening up their budgets, but Fluvanna County is doing the opposite so some folks can save some money.
In these tough economic times, the elderly and disabled are at a greater risk than most. They're often on a fixed income, if they have any income at all. So Fluvanna is helping out by offering tax breaks.
This year it offered breaks to more people than last year, but county officials are afraid not enough are taking advantage of it.
To qualify, a person needs to be 65 or older, or be permanently disabled, and have a net worth of at least $160,000. If a person has up to five acres of land, it won't count against them.
"My concern is that those people who would qualify for this that they are knowledgeable that this is something they can do," said Fluvanna County Supervisor Mozell Booker. "I don't think the word has gotten out to everyone yet."
The commissioner of revenue tells us he's seen a nearly 25 percent increase in applications.
If a person qualifies, they could have between five and 100 percent of your real estate tax taken care of.
The commissioner of revenue says the extra applications mean about an additional $20,000 out of the county budget.
The economy has a lot of local governments tightening up their budgets, but Fluvanna County is doing the opposite so some folks can save some money.
In these tough economic times, the elderly and disabled are at a greater risk than most. They're often on a fixed income, if they have any income at all. So Fluvanna is helping out by offering tax breaks.
This year it offered breaks to more people than last year, but county officials are afraid not enough are taking advantage of it.
To qualify, a person needs to be 65 or older, or be permanently disabled, and have a net worth of at least $160,000. If a person has up to five acres of land, it won't count against them.
"My concern is that those people who would qualify for this that they are knowledgeable that this is something they can do," said Fluvanna County Supervisor Mozell Booker. "I don't think the word has gotten out to everyone yet."
The commissioner of revenue tells us he's seen a nearly 25 percent increase in applications.
If a person qualifies, they could have between five and 100 percent of your real estate tax taken care of.
The commissioner of revenue says the extra applications mean about an additional $20,000 out of the county budget.