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Mmv ~S 1972
<br />
<br />having income in excess
<br />of self or contributory
<br />would otherwise qualify
<br />
<br />of the maximum or who are capable
<br />support of the senior citizens who
<br />for tax relief.
<br />
<br /> After careful consideration of information received from the Virginia Municipal League
<br />and a study of the ordinances of Chesapeake, Hampton, Fredericksburg and Arlington, should
<br />any tax relief be granted, the following criteria for eligibility should be established:
<br />
<br />(i)
<br />
<br />(s)
<br />
<br />(4)
<br />(s)
<br />
<br />(6)
<br />
<br />(7)
<br />
<br />(8)
<br />
<br /> (9)
<br />
<br />(lO)
<br />
<br />(i1)
<br />
<br /> 65 years of age or older or married couples, in which case
<br /> the male spouse is 6S years of age or older and the female
<br /> spouse is at least 6S years of age.
<br />That tax relief recipients must occupy the tax relief
<br />property as his/their sole dwelling. Any portion of such
<br />property, which may be considered rental property, may not
<br />be claimed for tax deferral purposes.
<br />The combined income of the recipient or recipients and any
<br /> other occupants of the tax relief property must not be in
<br /> excess of $3,600 for an unmarried person or $4,800 in the
<br />case of a married couple or two or more senior citizens
<br />jointly occupying an owned residence as their sole residence.
<br />A dwelling owned by a senior citizen or citizens in which an
<br />able-bodied adult capable of self or contributory support re-
<br />'sides, as an in-fact household member, in and of itself dis-
<br />qualifies the senior citizen(s) for tax relief on that property.
<br />Income from all sources must be included in the determination of combin=
<br />el income. (Examples of income which must be included: Social Security,
<br />Relief and Aid from Social Services, gratuities, annuities, and insur-
<br />ance except reimbursements for actual costs and losses, retire~ pay,
<br />Yeterans'· pensions, and disability pay.
<br />Tax relief furnished shall not exceed $200 per year.
<br />The fair market value of the tax-exempt property value shall not
<br />exceed $16,S00.
<br />The net worth of the recipient or the combined net worth
<br />of those persons who jointly occupy a dwelling, with a tax relief
<br />recipient, must not exceed $10,000, excluding the tax relief property.
<br />That tax relief be given in the form of a tax deferral, with the
<br />ultimate payment sought from the recipient's estate, when it is
<br />finally liquidated.
<br />That 7% of combined income be used to arrive at an equitable tax
<br />burden. Considerable research and thought has been directed to-
<br />ward a sliding percentage scale, such as Chesapeake utilized.
<br />However, the application of the 7% of income as an equitable
<br /> tax burden more realistically and equitably applies relief ac-
<br />cording to ability to pay (income).
<br />Must have been the owner/occupant of the property (residence) for
<br /> the previous two calendar years.
<br />Must not have disposed of assets to future heirs within the past
<br />five years if such assets would have rendered the applicant ineligible.
<br />That those persons eligible for tax deferral who possess property
<br />in part (divided or undivided) be granted tax relief for that portion
<br />of the property they own. (Does not include incumbrances against
<br />the property).
<br />
<br /> It is further recommended that those tax relief applicants, who meet all other criteria,
<br />and whose combined income is below $2,400 per year be granted deferral of their total real I
<br />estate taxes; also, that those tax relief applicants, whose undeferred real estate taxes
<br />subtracted from their annual income reduces their real annual income to less than ~2,400, ~
<br />be given additional tax deferral in an amount which will preserve their $2,400 of real annual
<br />income.
<br />
<br /> This program will add an additional workload; however, it is recommended that the elig
<br />portion of the program be assigned to the Social Services Bureau to take advantage of the
<br />80/20 financing. There will also be some additional workload on the City Assessor's office
<br />City Treasurer and Hustings Court.
<br />
<br /> Using data from the Census Bureau on the 1970 census (the best source of information
<br />available on the population over 65 years of age), it is estimated this program would creat
<br />tax deferrals of approximately $82,000 annually.
<br />
<br /> For the City Council to-formally act on this, it will be necessary for the City Attorn.
<br />to draft the proper ordinance."
<br />
<br /> Motion of Mr. Turner and seconded by Mr. Raymond Smith, to instruct the City Attorney
<br />to draw the proper ordinance for action, was adopted~by~.the following vote:
<br />
<br /> Ayes:
<br /> Nays:
<br />Abstaining:
<br />
<br />Holley, Johnson,
<br />King, Barnes
<br />Irvine Smith
<br />
<br />Raymond Smith, Turner
<br />
<br /> 72-202 "The City Council requested a study be made as to a method to prevent small
<br />children from slipping through the railing along the seawall into the river. The best meth
<br />that has been found is to install a 29" chain link fabric on the existing framework.
<br />This would be 1" mesh, 13 gage polyvinyl-coated steel wire. The color would be Woodland
<br />Green and can be installed at a cost of $1.53 per lineal foot. Approximately 1,800 feet
<br />would be required with a total estimated cost of $2,754.
<br />
<br />.bility
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<br />~d
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