Virginia Constitutional Amendment Could Expand Property Tax Exemptions For Military Spouses

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Virginia constitutional amendment could expand property tax exemptions for military spouses
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Virginia constitutional amendment could expand property tax exemptions for military spouses

What is the proposed amendment?

The proposed amendment to the Virginia Constitution would expand the property tax exemption for military spouses. Currently, only military members who are stationed in Virginia are eligible for the exemption. The amendment would extend the exemption to military spouses who are living in Virginia, even if their military member is stationed out of state.

Why is the amendment being proposed?

The amendment is being proposed to provide financial relief to military families. Military spouses often face unique challenges, including frequent moves and deployments. The property tax exemption would help to offset some of the costs associated with these challenges.

Who would be eligible for the exemption?

To be eligible for the exemption, military spouses must meet the following criteria:

How much would the exemption save military spouses?

The amount of money that military spouses would save on their property taxes would vary depending on the value of their home and the tax rate in their locality. However, the exemption could save military spouses hundreds of dollars each year.

When would the amendment take effect?

If approved by voters, the amendment would take effect on January 1, 2024.

How can I vote on the amendment?

The amendment will be on the ballot for the November 2023 election. Voters will have the opportunity to vote "yes" or "no" on the amendment.

Conclusion

The proposed amendment to the Virginia Constitution would expand the property tax exemption for military spouses. This would provide financial relief to military families and help to make Virginia a more attractive place for military members to live.