Taxation - Laserfiche WebLink

Home Browse Search

~ 21-6 MARTINSVILLE CODE Sec. 21-6. Deadlines for assessment relief. (a) All applications for relief from changes in assessed value resulting from property reassessment must be made by property owners or lessees to the board of equalization by April 1 each year following a general reassessment. (b) All such applications for relief must be considered and final disposition determined by the board of equalization by May 15 each year following a general reassessment. (Ord. No. 87-6, 8-11-87) Sec. 21-7. Real estate tax exemption. (a) The provisions ofthis section shall be administered by the commissioner of the revenue of the city according to the terms, conditions and restrictions set forth herein, and said commissioner is hereby authorized and empowered to prescribe, adopt and enforce rules and regulations for the administration of this section. (b) Said real estate tax exemption will be granted to persons qualifying therefor on the following basis: (1) The total combined income during the immediately preceding calendar year from all sources ofthe owners of the dwelling living therein, and ofthe owner's relatives living in the dwelling, shall not exceed twenty-seven thousand dollars ($27,000.00) provided: a. That the first ten thousand dollars ($10,000.00) of income of each relative, other than the spouse of the owner, or owners, who is living in the dwelling shall not be included in such total; and b. That the first ten thousand dollars ($10,000.00) ofincome shall be excluded for an owner who is permanently disabled. However, notwithstanding this subsection (b)(1), if a person has already qualified for an exemption or deferral, and if the person can prove by clear and convincing evidence that after so qualifying the person's physical or mental health has deteriorated to the point that the only alternative to permanently residing in a hospital, nursing home, convalescent home or other facility for physical or mental care is to have a relative move in and provide care for the person, and if a relative does then move in for that purpose, then none of the relative's income shall be counted towards the income limit. (2) The net combined financial worth, including equitable interests, as of the thirty-first day of December of the immediately preceding calendar year, of the owners and of the spouse of any owner, excluding the value of the dwelling and the land, not exceeding ten (10) acres, upon which it is situated, and excluding furnishings, shall not exceed sixty-five thousand dollars ($65,000.00). Such furnishings shall include furniture, household appliances and other items typically used in a home. (3) The person or persons claiming such exemption shall file annually with the commis- sioner of the revenue, on forms to be supplied by the commissioner of the revenue, an affidavit setting forth the names of the related persons occupying such real estate, Supp. No. 63 1250.2