Real property; establishes separate classes for purposes of taxation rates. (HB1672)

Introduced By

Del. Bob Marshall (R-Manassas)

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

Description

Real property taxation. Establishes as separate classes of real property for purposes of real property taxation rates the following: (i) residential property and (ii) real estate devoted to agricultural use, horticultural use, forest use, or open-space use. The governing body of any county, city, or town may establish rates of taxation on each of these classes of property different from each other and different from the tax rate levied on all other real property. Amends § 58.1-3221.2, of the Code of Virginia. View Full Text »

Outcome

Bill Has Failed

History

  • 12/05/2006 Committee
  • 12/05/2006 Prefiled and ordered printed; offered 01/10/07 071925396
  • 12/05/2006 Referred to Committee on Finance
  • 01/10/2007 Assigned Finance sub: #2 (Purkey)
  • 01/16/2007 Impact statement from TAX (HB1672)