Fill - Free fillable APPLICATION FOR PARTIAL REAL ESTATE TAX EXEMPTION FOR (City of Winchester) PDF form

Rouss City Hall Telephone: (540) 667-1815

15 North Cameron Street TDD: (540) 722-0782

Winchester, VA 22601 Website: www.winchesterva.gov

APPLICATION FOR PARTIAL REAL ESTATE TAX EXEMPTION FOR

REHABILITATED HISTORIC PROPERTY

(Under City of Winchester Code Chapter 27 - § 27- 28)

NOTE: BUILDING PERMIT MUST BE OBTAINED AND THIS FORM COMPLETED AND SUBMITTED PRIOR

TO THE START OF REHABILITATION.

APPLICATION SHOULD BE RETURNED TO: Real Estate Administrator at the address above with the non-

refundable $20.00 fee. Checks should be made payable to Treasurer, City of Winchester.

Please read the referenced City of Winchester code (copy attached), and then complete the following:

Owner(s) of real estate: _______________________________________________________________

(As

on Tax Bill)

Mailing address of Owner(s): ___________________________________________________________

Number Street Suite

___________________________________________________________________________________

City State Zip

Contact Person Name: _______________________________ Title: ___________________________

Telephone No. (_____) _______________ Email: __________________________________________

Property Street Address: ______________________________________________________________

BUILDING DESCRIPTION:

Year built: ________ (Must be no less than 25 years of age and in Historic District)

Proposed Property Use (If mixed use, percentage of each)

Residential _____ Commercial _____ Industrial _____

certify that the statements contained in this application are, to the best of my knowledge, both correct

and true. I certify that I am the owner or have the authority of the owner to make this application.

Date of Application: ___/____/______ Owner or Agent’s Signature _________________________

rint Name_______________________________________

NOTE: The owner must contact the Real Estate Administrator within ten (10) working days after

the issuance of a final Certificate of Occupancy of the rehabilitated structure. Project must be

completed within two (2) years of date of acceptance of application.

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CHAPTER 27

WINCHESTER CITY CODE

DIVISION 4. SUBSTANTIALLY REHABILITATED HISTORIC PROPERTY

SECTION 27-28. HISTORIC REHABILITATION DEFINITIONS.

For the purpose of this division, the following words and phrases shall have the meanings,

respectively ascribed to them:

(a)

SUBSTANTIALLY REHABILITATED RESIDENTIAL REAL ESTATE, shall mean any

residential real estate within the Historic Winchester District (HW), as defined by Article

14 of the Zoning Ordinance of the City of Winchester, 1976, as amended, or included on

the National Register of Historic Places, upon which there is an existing structure which

is no less than twenty-five (25) years old, and which has been so improved as to increase

the assessed value thereof by no less than forty percent (40%), without increasing the

total square footage outside of the existing structure by more than fifteen percent (15%).

For sites included on the National Register of Historic Places and outside the Historic

Winchester zoning district, the exemption shall only be considered in conjunction with a

project qualified for state and/or federal tax credits.

(b)

SUBSTANTIALLY REHABILITATED COMMERCIAL OR INDUSTRIAL REAL ESTATE,

shall mean any commercial or industrial real estate within the Historic Winchester District

(HW), as defined by Article 14 of the Zoning Ordinance of the City of Winchester, 1976,

as amended, or included on the National Register of Historic Places, upon which there is

an existing structure which is no less than twenty-five (25) years old, and which has

been so improved as to increase the assessed value thereof by no less than forty percent

(40%), without increasing the total square footage outside of the existing structure by

more than fifteen percent (15%). For sites included on the National Register of Historic

Places and outside the Historic Winchester zoning district, the exemption shall only be

considered in conjunction with a project qualified for state and/or federal tax credits.

(c)

AMOUNT OF EXEMPTION, shall mean an amount equal to the increase in assessed

value resulting from the rehabilitation of the structure as determined by an onsite

assessment by the City’s Assessment Contractor, and this amount only shall be

applicable to assessment commencing on the first day of January of the year following

the rehabilitation. An increase in assessment occurring after the first year of such

rehabilitation exemption shall not result in an increase in such exemption.

(d)

TAXABLE YEAR shall mean the calendar year from January first through December

thirty-first for which such real property tax is imposed or exemption claimed.

SECTION 27-28.1 EXEMPTIONS DECLARED.

The purpose of this division shall be to provide real estate tax exemptions for substantially

rehabilitated residential, commercial, or industrial real estate for a period of ten (10) years,

commencing on January first of the year following completion of such rehabilitation.

SECTION 27-28.2. ELIGIBILITY REQUIREMENTS.

Exemptions pursuant to this division shall not become effective unless the persons owning such

property have:

(a)

Prior to commencement of the rehabilitation of the property, obtained the required building

permit and applied for the herein prescribed exemption on a form approved by the Real

Estate Administrator. Application for exemption must be filed before the work designated

by the building permit is begun.

(b)

Paid to the Treasurer an application processing fee in the amount of twenty dollars

($20.00). No application for the exemption approved by this article shall be deemed to

have been filed until the fee herein imposed has been paid.

(c)

Upon receipt of the application for exemption and prior to commencement of the

rehabilitation of the property, the Real Estate Administrator shall determine within ten (10)

working days of receiving the application for exemption the assessed value of the property

to be rehabilitated, based on the current assessment records of the City as of January 1 of

the application year. Such assessment shall serve as the basis for the subsequent

calculation as to the percentage of increase in assessed value resulting from the

rehabilitation of the structure.

(d)

Within ten (10) working days after issuance of a final Certificate of Occupancy for the

rehabilitated structure, contacted in writing the Real Estate Administrator to have the City’s

Assessment Contractor assess the fair market value of the renovation improvements, and

such value will be reflected in the real estate tax assessment records by the

Commissioner of the Revenue’s Office within thirty (30) days.

(e)

Submitted the application for exemption prior to January first of the taxable year for which

such exemption is claimed.

(f)

Eligible projects must be completed within two (2) years from the date of acceptance by

the Real Estate Administrator. Proof of completion must be in the form of a Certificate of

Occupancy or Certificate of Completion from the Building Official and Zoning

Administrator. An extension of one year to the two (2) year timeline may only occur upon

written request to the Real Estate Administrator no later than 30 days before the initial

application expiration.

************************************************** OFFICE USE ONLY ******************************************

Account No: _______________ Tax Map No: ____________________________________________

Application Fee Received on Date: ____________________ (Revenue Code 111-0000-313.03-31)

Building Permit Obtained on Date: _____________________

NOTE: The following assessment values include improvements only, excluding Land values.

Current Improvement Assessment: $____________________ (As of January 1 of the Application Year)

Current Assessed Square Footage: ____________________ (As of January 1 of the Application Year)

Verified by Real Estate Administrator on date: ____/_____/_______

Real Estate Administrator notified by Owner of Final Certification of Occupancy on date: ____/____/____

City’s Assessment Contractor to assess improvements post-rehabilitation:

Date of Post Rehabilitation Assessment: ____/____/______

Post Rehabilitation Assessment: Improvements: $_______________ Square Footage: _____________

Improvement value increased by ________ % (no less than 40%)

Square footage outside of the existing structure increased by ________ % (no more than 15%)

Exemption Approved: _____ Yes _____ No Date: _________________

Value of Tax Exemption: $ _____________________________________________________________

If approved, effective dates of tax exemption: Start Year _____________ End Year ________________

Real Estate Administrator Signature: ____________________________________ Date: ____________

Comments: _________________________________________________________________________

___________________________________________________________________________________

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Fillable APPLICATION FOR PARTIAL REAL ESTATE TAX EXEMPTION FOR (City of Winchester)

Fill Online, Printable, Fillable, Blank APPLICATION FOR PARTIAL REAL ESTATE TAX EXEMPTION FOR (City of Winchester) Form

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