One tax benefit many of you may not be aware of is Henrico County’s Real Estate Advantage Program.  This real estate tax relief program applies to individuals who are age 65 or older, or who are permanently and totally disabled.  In general, to qualify your total gross income must not exceed $67,000 and your net worth (excluding the value of your personal residence) must not exceed $350,000.  The deadline for applying for the tax relief, which is limited to $3,000, is April 1.  For additional details, see here.

Tags: Henrico County Real estate Advantage Program, real estate tax

This entry was posted on Friday, December 4th, 2009 at 11:05 am and is filed under Personal Taxation, Tax. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.