Virginia has property tax relief programs for older homeowners. Prince William County and Loudoun County both offer programs. Here is what exists and how to qualify.
Virginia law allows localities to provide property tax relief for older homeowners and disabled individuals through exemptions, deferrals, and freezes. Both Prince William County and Loudoun County have programs — but the eligibility requirements, income limits, and benefit amounts differ between counties and are subject to annual revision by each county's Board of Supervisors.
Prince William County offers a Real Estate Tax Relief program for qualifying elderly (generally 65+) and disabled homeowners. The program provides exemptions or deferrals on a portion of property taxes based on income and net worth limits. Applications are typically due in the spring for the applicable tax year.
| General eligibility | Age 65+ or permanently disabled, own and occupy the home |
| Income limits | Based on combined household income — confirm current limit with county |
| Net worth limits | Excludes value of primary residence — confirm current limit with county |
| How to apply | Prince William County Department of Finance — pwcgov.gov |
Loudoun County similarly offers property tax relief for qualifying elderly and disabled homeowners. Loudoun has generally higher income and net worth thresholds than Prince William County, reflecting the county's higher cost of living.
| General eligibility | Age 65+ or permanently disabled, own and occupy the home |
| Income limits | Based on combined household income — confirm current limit with county |
| Net worth limits | Excludes value of primary residence — confirm current limit with county |
| How to apply | Loudoun County Commissioner of the Revenue — loudoun.gov |
The federal capital gains exclusion allows homeowners who have owned and lived in their primary residence for 2 of the last 5 years to exclude up to $250,000 (single) or $500,000 (married filing jointly) in capital gains from the sale. This is not age-specific — it applies to all qualifying homeowners — but it is particularly relevant for 55+ sellers who may have significant appreciation in a long-held home. Consult a tax professional for your specific situation.
Dan is a licensed Virginia agent and Prince William County local. He knows these communities from the inside. Call or text him.
Request a Consultationnova55living.com/contactDan is a licensed Virginia agent who lives and works in Prince William County. He knows these communities from the inside. Call or text him directly — no scripts, no pressure.