Reply to The median Boomer has a housing cost of $612. That includes taxes and insurance.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I totally understand they dont want to move, but they also need to pay their taxes. I don’t need to subsidize your child or grandchild’s inheritance. Put your equity to work.[/quote]

I have no idea what you're going on about. We live in Northern Va and pay our taxes just like everyone else does. We were also able to afford our home by moving further out to the exurbs and commuting to work a longer distance. You really are clueless.[/quote]
Many of these subsidies are based on income and/or net worth. Loudoun for example looks at both whereas I believe FFX just looks at income. It’s not as simple as - I’m old, no taxes for me! The same rules also apply to individuals that are fully disabled, but yet PP isn’t ready to shove them off to an apartment or a more expensive smaller home.

https://www.loudoun.gov/5002/Real-Property-Tax-Exemption-Elderly-Disa[/quote]

Nope, Fairfax looks at both.  If you are 65 or older, and have a combined net worth over $400K (excluding the value of your home), you don't qualify for a property tax exemption in Fairfax, regardless of your income level.  [/quote]
Great! So here are at least two local counties that the poster stomping their foot about subsidizing Boomers, can live in and be comforted that many olds are paying their “fair share” in taxes. [/quote]

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