What are the common exemptions to property taxes?

In Virginia, there are several commonly accepted exemptions from property taxes. These are primarily for certain properties owned by individuals, organizations, and the state or federal government. Some of the most common exemptions are for properties used for charitable purposes. This includes those owned by religious institutions, homeless shelters, and organizations providing services to the community. Another exemption applies to properties owned by disabled veterans. Veterans who are disabled as a result of their service to their country are exempt from property taxes in Virginia. Individuals who are senior citizens, blind, or permanently disabled are also eligible for exemptions. These exemptions are based on income and vary depending on the locality. In addition, certain properties owned by the state or federal government are also exempt from property taxes. This includes parks, monuments, and other places of public interest. Finally, properties used for educational purposes are exempt from property taxes. This includes both private and public schools as well as universities. Overall, the common exemptions to property taxes in Virginia are primarily for properties owned by individuals, organizations, and the state or federal government that are used for charitable, educational, or public purposes.

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