The good news for Seniors is that Albemarle County offers property tax relief for Seniors age 65+ years. This is no small matter for retirees because Albemarle County is the area that surrounds the city of Charlottesville and thus carries some of the most sought-after real estate in Central VA.
Here’s your link for details of Albemarle County VA Real Estate Tax Relief for Seniors. You will also find a link for an application for the tax relief at that site too.
The actual dollar amount of the tax relief is determined by a county computation that factors in the homeowner’s total income and net worth. Then the homeowner may receive anywhere from 20% to 100% reduction in their property taxes (parts of this are similar to a Homestead exemption in other states).
Our Charlottesville real estate tax rates are based on each property’s assessed value by its county. Overall taxes prior to relief/reductions are computed as a percentage of that assessment amount, and this is the way other counties in Virginia determine their real estate property taxes as well. We keep a page of Virginia counties real estate property assessment rates for you to compare.