Tuesday, May 5, 2015Roanoke City Attorney Dan Callaghan
CORRECTION to Roanoke City real estate tax once off the table increases by three cents:
The real estate tax calculation for low income seniors and the disabled per the City Attorney Dan Callaghan: The fixed amount a low income senior or A disable person whose real estate tax rate was approved to be frozen will never see their taxees rise above the rate at the time it was fixed. When the tax rate or assessed value goes down – the assessed value that the tax is based on goes down. The senior would get the benefit of the decrease in the rate or on their reduced assessment.
Callaghan clarified that “the premise of the exemption is to assure qualif