The city of Richmond is authorized to allow exemption from real estate taxation for certain properties pursuant to Article X,
Section 6, of the Constitution of Virginia, Chapter 36 of Title 58.1-3606 of the Code of Virginia, or Section 98 of the City Code
of Richmond.
Property considered for exemption from real estate taxation must qualify by general classification or specific designation. An
Application for Exemption must be completed and filed with the
City Assessor no later than July 1st prior to the calendar year in which the exemption is requested. Exemptions are not prorated during the current year except in the case of governmental or religious use. All other exemption requests, if approved, are effective January 1st of the following year.
Properties exempted by classification are those described in Section 6, Article X of The Constitution of Virginia. Property uses
include:
- Government
- Places of worship
- Residences of ministers
- Public libraries
- Institutions of learning
- Public hospitals
The application by specific designation process was placed in moratorium by City Council on March 26, 2007 (Ordinance 2007-29-65).
Application for Exemption for Disabled Veterans
The following law was effective January 1, 2011:
Code of Virginia ยง 58.1-3219.5.
Exemption from taxes on property for disabled veterans.
A. Pursuant to Article X, Section 6-A of the Constitution of Virginia, the General Assembly hereby exempts from taxation the real
property, including the joint real property of husband and wife, of any veteran who has been rated by the U.S. Department of
Veterans Affairs or its successor agency pursuant to federal law to have a 100 percent service-connected, permanent, and total
disability, and who occupies the real property as his principal place of residence.
To process this benefit, an
Disabled Veteran Real Estate Tax Exemption Application must be completed and filed with the City Assessor.
