Wednesday, December 7, 2022

Williamsburg Introduces New Real Estate Tax Relief Program

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WILLIAMSBURG-Williamsburg property owners who have struggled with the economic impact of the covid-19 pandemic are now eligible to apply for real estate tax relief to offset the recent tax rate increase.

City Council voted unanimously at its meeting on September 9 to establish two tax relief programs, one for residential property owners and one for small business owners. Applications for both tax relief programs will be accepted through November 30, 2021. If approved, tax relief payments will be issued in mid-December.

Eligibility requirements and application forms can be found on the city website for Residential Real Estate Tax Relief Program and on the Yes Williamsburg website for the Small Business Real Estate Tax Relief Program.

A 4-cent tax increase on property taxes went into effect with the new fiscal year on July 1. Prior to adoption of the tax increase, Williamsburg City Council asked city officials to establish a relief fund to assist those residents and business owners who have been impacted by the pandemic.

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