HB1231: Real estate taxes; computation of deferral.

Introduced By

John Welch (R-Virginia Beach)
Served: 2001–

Progress

☑	Introduced
☑	Passed Committee
☑	Passed House
☑	Passed Senate
☑	Signed by Governor
☑	Became Law

Status

03/30/2006: signed by governor
View Entire History

Summary

Real estate taxes; computation of deferral. Repeals the requirement that the deferral amount be calculated using a base-line amount equivalent to the real estate tax in the first full tax year of ownership by the taxpayer after the adoption of the deferral program by the locality, multiplied by 105%, or such higher percentage adopted by the locality in each tax year until the current tax year. View Full Text »