University of Virginia Library

Sec. 11.1-22. Calculation of amount of exemption.

The amount the exemption granted pursuant to the article shall
be a percentage of the real estate tax assessed for the applicable
taxable year in accordance with the following scale:

Net Combined Financial Worth

         
Gross
Combined
Income
 
$ 0
to
$5,000 
$ 5,000
to
$10,000 
$10,000
to
$15,000 
$15,000
to
$20,000 
$0 to $3,000  100%  75%  50%  25% 
$3,001 to $4,500  75%  50%  35%  15% 
$4,501 to $6,000  50%  35%  20%  10% 
$6,001 to $7,500  25%  15%  10%  5% 

(2-20-73.)