Sharing some information on property taxes that could be good news for senior homeowners in Loudoun County.
Loudoun County homeowners age 65 or older or with disabilities (who are below established income and wealth limits) may benefit from a reduction in the amount of property taxes they pay. Qualified applicants for real estate relief must have a gross combined income less than $72,000, and net worth less than $920,000. Up to $10,000 in income of a spouse or relative residing in the home is excluded from the income calculation. Program participants saved almost $8 million in real estate taxes in taxyear 2018. Visit http://www.loudoun.gov/taxrelief for more information about the program and the upcoming information sessions.
