Date: January 29, 2004
Contact: Angela Johnson
Phone: 340-773-6449
angelaborchert@yahoo.com
HOMESTEAD EXEMPTION BENEFITS AVAILABLE
Lieutenant Governor Vargrave Richards reminds all Virgin Islands homeowners
that they may qualify for Homestead Exemption benefits, which allow
qualified residents to reduce their property tax payments.
These exemptions are offered in three categories:
" General Homestead Exemption - For property owners who have occupied
their homes as a primary residence as of Jan. 15, 2004. Maximum exemption:
$250.
" Veterans' Exemption - For property owners who occupied their
homes as a primary residence as of Jan. 15, 2004, and were honorably
discharged from the U.S. Armed Services. Maximum exemption: $312.50.
Applicants must provide a copy of DD-214 honorable discharge document.
" Elderly Exemption - For property owners who occupied their homes
as a primary residence as of Jan. 15, 2004, and are 60 years or older.
For applicants' whose income does not exceed $10,500 (excluding Social
Security). Maximum exemption: $375. Applicants must provide proof of
age, verification of income, and complete the Elderly Exemption Application.
Interested persons must submit applications to their respective Tax
Assessor's Office on St. Croix, St. Thomas or St. John no later than
April 30, 2004. Individuals presently receiving Homestead Exemptions
should not reapply unless their primary residence by which they were
formerly eligible was sold and they have subsequently purchased another
home as a primary residence.
For additional information, call the Office of the Tax Assessor on
St. Croix in Christiansted at 773-6459 or in Frederiksted at 772-3115;
on St. Thomas at 776-8505; or on St. John at 776-6737.
