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Williamsburg News – Economic Development

Posted on: September 10, 2021

City Launches Residential, Small Business Real Estate Tax Relief Program

City of Williamsburg property owners who have struggled with the economic impact of COVID-19 can now apply for real estate tax relief to offset the recent tax rate increase.

City Council voted unanimously on Thursday, Sept. 9, 2021, to establish two relief programs — the Residential Real Estate Tax Relief Program and the Small Business Real Estate Tax Relief Program

Applications for both relief programs will be accepted through Nov. 30, 2021, and will be processed in the order that they are received. If approved, the tax relief payments will be issued mid-December 2021.

Eligibility requirements and applications can be found on the City website for the Residential Real Estate Tax Relief Program and on the Yes Williamsburg website for the Small Business Real Estate Tax Relief Programs. City staff will evaluate applications beginning Monday, Sept. 13, 2021, and will assess for additional resources and benefit programs for which applicants may be eligible. 

The Fiscal Year 2022 Adopted Budget includes a 4-cent increase to the real property tax rate, putting the City of Williamsburg’s rate at $0.64 per $100 of assessed value. The rate remains the lowest in the region by 15.5 cents. At the time of the budget’s adoption, City Council expressed concern for property owners struggling because of the economic effects of the pandemic and asked City staff to establish a relief fund to help those residents with their real estate tax bills.

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