Friday, July 25, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB1780: Real estate tax; requires each locality to lower its rate for forthcoming tax year.
Chief Patron
Del.
John Cosgrove (R-78)
John Cosgrove
(R-78)
Chesapeake, VA
Served: 2002–
Progress
 |
Introduced |
 |
Passed Committee |
|
Passed House |
|
Passed Senate |
|
Signed by Governor |
|
Became Law |
Status
Bill is Dead
Summary
Real estate tax rates. Requires each locality to lower its real estate tax rate for the forthcoming tax year, to produce no more than 101 percent of the previous year's real property tax levies when any annual assessment, biennial assessment or general reassessment of real property by the locality would result in an increase of 1 percent or more in the total real property tax levied. The locality may increase the rate above the reduced rate after a public hearing held no sooner than 30 days after the rate reduction. View Full Text »
Poll Results
8 votes
Tags
Bill Text
Related Bills
Status: Introduced
Status: Introduced
Status: Failed to Pass in Committee
Status: signed by governor
Status: assigned to subcommittee