19751209 1975-60ORDINANCE NO. 1975 - 60
AN ORDINANCE AMENDING ARTICLE VII OF
CHAPTER 7 OF THE CODE OF THE CITY OF
FAIRFAX, VIRGINIA, PROVIDING FOR REAL
ESTATE TAX RELIEF FOR THE ELDERLY:
QUALIFICATIONS AND PENALTY.
BE IT ORDAINED by the City Council of the City of Fairfax,
Virginia, that Article VII of Chapter 7 of the Code of the City
of Fairfax, Virginia, be and it hereby is amended in the following
manner:
1. That section 7.32(c) of the said Article be and it
hereby is amended to read in its entirety as follows:
"c. The gross combined income of the owner(s) during the
year immediately preceding the taxable year must be determined by
the City Manager to be an amount not in excess of $10,000. Gross
combined income shall include all income from all sources of the
owner(s) and of the owners' relatives living in the dwelling for
which exemption is claimed. The first $1,500 of income of relativ
will be exempted."
2. That section 7.32(d) of the said Article be and it
hereby is amended to read in its entirety as follows:
"d. The net combined financial worth, including equitable
interests, as of December 31 of the immediately preceding taxable
year, of the owner(s), and of the spouse of any owner, excluding
the value of the dwelling and the land, not exceeding one acre,
upon which it is situated, must not exceed $35,000."
3. That section 7.34 of the said Article be and it hereby
is amended to read in its entirety as follows:
"Sec. 7.34 Calculation of Amount of Exemption; limitation.
For eligible owners with a gross combined income not in
excess of $2,500, the amount of exemption from real estate tax for
any taxable year shall be equal to their real estate tax liability
For eligible owners with a gross combined income in excess of
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$2,500, the amount of exemption from real estate tax for any
taxable year shall be the difference between their real estate
tax liability and the sum of the following:
Two per centum of the amount of gross combined income in
excess of $2,500, but not in excess of $3,500; and
Three per centum of such income in excess of $3,500, but
not in excess of $4,500; and
Four per centum of such income in exeess of $4,500; but not
in excess of $5,500; and
Five per centum of such income in excess of $5,500, but
not in excess of $6,500; and
Six per centum of such income in excess of $6,500; but not
in excess of $7,500 and
Seven per centum of such income in excess of $7,500, but
not in excess of $8,500; and
Eight per centum of such income in excess of $8,500, but
not in excess of $9,500; and
Nine per centum of such income in excess of $9,500, but
not in excess of $10,000.
Provided, however, that the amount of exemption from real
estate tax shall in no event exceed $550 for any taxable year."
This ordinance shall become effective January 1, 1976.
Introduced: December 2, 1975.
Adopted:
December 9, 1975.
Attest: