Thursday, July 24, 2008
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Tracking Virginia’s General Assembly
since 2007.
SB186: Roll-back taxes; local use value assessment ordinances.
Chief Patron
Sen.
Stephen Martin (R-11)
Stephen Martin
(R-11)
Served: 1994–
Progress
 |
Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
03/24/2006: signed by governor
Summary
Use value assessment and taxation; roll-back taxes. Provides that, at the option of the locality, roll-back taxes under local use value assessment ordinances shall not apply to a subdivision, separation, or split-off of property which results in parcels that do not meet minimum acreage requirements, provided that title to the subdivided parcels is held in the name of an immediate family member for at least the first 60 months following the subdivision. View Full Text »
Poll Results
No Richmond Sunlight visitors voted on this bill while voting was open.
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