Board round-up: Tax form and exemptions for older and disabled residents

Commissioner of Revenue Stacey Fletcher presented a proposal at the Oct. 4 meeting of the Louisa County Board of Supervisors to exempt residents who own a motor vehicle, trailer, or boat from filing a personal property tax form each year. The amount a resident will pay in personal property tax would be determined based off the tax form filed the previous year. 

The only reason a new tax form would need to be filled out is if a taxpayer made a change such as acquiring a new vehicle or selling one. The county would save about $30,000 by not sending personal property tax forms out each year. 

Supervisor Toni Williams (Jackson) was concerned about residents who may forget to contact the commissioner to report a change. But Fletcher said her staff obtains monthly reports from the Department of Motor Vehicles to keep track of changes. 

Adams said he prefers that the high mileage form, which normally is sent with the personal property tax form, continue to be sent to residents annually. 

Williams made a motion to support Fletcher’s proposal, if it is phased in. The board unanimously voted in favor.

Senior/disabled exemption

Fletcher explained her proposal to amend the section of the county code that deals with real estate tax relief for the elderly or totally disabled. She suggested adjusting the sliding scale that is used to determine the percentage of relief eligible residents receive. 

This comes as a follow-up to the board’s vote last May to increase the ceiling on net worth for tax relief eligibility. Households with a net worth of up to $200,000 can now qualify; previously the cap was $100,000.  

The current sliding scale has four net worth categories ranging from $0 to $200,000. (See chart) The last category is $75,001 to $200,000, which is much broader than the others. Fletcher suggested creating two more net worth categories to make the sliding scale increments more even. With the change, the last category would be $150,001 to $200,000.

The board voted to approve the amendment.

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