Real estate tax; limitation on tax rate in localities. (HB102)
Introduced By
Del. Dave Albo (R-Springfield) with support from co-patron Del. Jeff Frederick (R-Woodbridge)
Progress
√ |
Introduced |
X |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Real estate tax; limitation on tax rate. Provides that the total tax revenue in a locality may not exceed 105% of the total tax revenue in the locality in the immediately prior year unless approved by at least a two-thirds majority vote of the local governing body. The bill applies for tax years beginning on or after January 1, 2009. View Full Text »
Outcome
Bill Has Failed
View Bill's History
Comments
Providing the option of a veto to a minority group on an elected body infringes on the rights of the majority of those elected officials who, by definition, represent the majority of the locality's residents and taxpayers.