Real Estate Tax Exemption Change Affects Seniors In Chesterfield - 8NEWS - WRIC | News Where You Live

Real Estate Tax Exemption Change Affects Seniors In Chesterfield

Posted: Updated:

Chesterfield, VA—A proposed change in real estate tax exemption rules could mean less money and more problems for thousands of seniors.

Currently, seniors with a gross income of less than $37,000 are eligible for a 100percent exemption from real estate taxes in Chesterfield County.

But due to rising costs and a tightening budget, county supervisors are considering lowering the threshold to $27,000. Many residents are outraged by the possible change.

"I just think it's wrong," says Linda Davis, whose 90-year-old mother Margaret has lived in Chesterfield most of her life. Margaret is currently 100 percent exempt from paying real estate taxes, but that could soon change. Linda Davis says her mother can't afford to pay the taxes.

"She's in dire need of every penny she can get." Linda also fears the serious consequences of her mother's finances dwindling.

"There are some things you can't cut back on, and that's her medication. She'll have to cut back on food. It's an older home and she has not been able to keep up with it. There are many repairs that need to be done around here."

Supervisor Stephen Elswick is voicing his disapproval of the proposal.

"I understand the plight of our seniors, they helped build this county, they helped make it what it is today. It's a shame to hit the senior citizens to make up your budget shortfalls."

Citizens will have the chance to air their opinions about the possible change at a public hearing scheduled for Wednesday at 6:30.

Stay with 8News for updates.

Copyright 2013 by Young Broadcasting of Richmond

Powered by WorldNow

301 Arboretum Place, Richmond
VA, 23236

Telephone: 804.330.8888
Fax: 804.330.8881
Email: news@wric.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.