Loading...
19800219 1980-3ORDINANCE NO. 1~80-,] AN ORDINANCE AMENDING ARTICLE VII OF CHAPTER 8 OF THE CODE OF THE CITY OF FAIRFAX, VIRGINIA, PROVIDING FOR REAL ESTATE TAX RELIEF FOR QUALIFIED ELDERLY PERSONS AND;QUALIFIED PERMANENTLY AND TOTALLY DISABLED PERSONS BE IT ORDAINED by the City Council of the City of Fairfax, Virginia, that Article VII of Chapter 8 of the Code of the City of Fairfax, Virginia, be and it hereby is amended in the following manner: 1. That Sec. 8-32 (c) of the said Article be it hereby is amended and reenacted to read in its entirety as follows: "(c) The gross combined income of the owner(s) during the year imme- diately preceding the taxable year must be determined by the City Manager to be an amount not in excess of twelve thousand dollars ($12,OO0). Gross combined income shall include all income from all sources of the owner(s) and of the relatives of the owner(s) living in the dwelling for which exemption is claimed. The first four thousand dollars ($4,.000) of the total income of all such rela- tives will be exempted." 2. That Sec. 8-32 (d) of the said Article be and it hereby is amended and reenacted 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 fifty thousand dollars ($50,000)." 3. That Sec. 8-34 of the said Article be and it hereby is amended and reenacted to read in its entirety as follows: "For eligible owners with a gross combined income not in excess of four thousand dollars ($4,000), 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 four thousand dollars ($4,000), 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: 1980-3 ,ii, Two percentum (2%) of the amount of gross combined income in excess of four thousand dollars ($4,000), but not in excess of five thousand dollars ($5,000); and Three percentum (3%) of such income in excess of five thousand dollars ($5,OO0), but not in excess of six thousand dollars ($6,000); and Four percentum (4%) of such income in excess of six thousand dollars ($6,000), but not in excess of seven thousand dollars ($7,000); and Five percentum (5%) of such income in excess of seven thousand dollar~ ($7,000), but not in excess of eight thousand dollars ($8,000); and Six percentum (6%) of such income in excess of eight thousand dollars ($8,000), but not in excess of nine thousand dollars ($9,000); and Seven percentum (7%) of such income in excess of nine thousand dollars ($9,000), but not in excess of ten, thousand dollars ($10,000); and Eight percentum (8%) of such income in excess of ten thousand dollars ($10,000), but not in excess of eleven thousand dollars ($11,000); and Nine percentum (9%) of such income in excess of eleven thousand dollars ($11,O00), but not in excess of twelve thousand dollars ($12,OO0). Provided, however, that the amount of exemption from real estate tax shall in no event exceed seven hundred and fifty dollars ($750) for any taxable year ." This ordinance shall become effective January l, 1980. Introduced: February 5, 1980 Adopted: February 19, 1980 ATTEST: Mayor -2-