I’ve been telling my customers this is coming. well here it is!!!!
7 0ut of the last 7 homes we built in Virginia Beach qualify for this tax break.
Call us to get your qualifying green home.
Special Tax Rate Available for Certain Energy Efficient Buildings
A special tax rate is now available to qualified residential and commercial energy-efficient buildings. The special rate is 74 cents per $100 of assessed value – a 15-cent break from the regular rate of 89 cents per $100. The special rate applies only to the building, not to the land on which it is located.
Applications are available online at the Real Estate Assessor’s website athttp://bit.ly/bAXDOi. Printed applications also are available at the Planning Department’s Office of Permits and Inspections, 2405 Courthouse Drive, Building #2, Room 100, Virginia Beach, VA 23456, or call (757) 385-4621.
The approved application, plus the additional required information, should be submitted to the Office of Permits and Inspections for review, permit and inspection. If the permit and inspection are approved, a Certificate of Occupancy will be issued indicating compliance. The owner will then bring the certificate to the Real Estate Assessor’s office for processing.
“The City of Virginia Beach is happy to offer this tax rate to our citizens and businesses as we continue to make strides toward becoming energy efficient,” said Mayor William D. Sessoms, Jr.