Real estate tax; limitation on tax rate in localities. (HB102)
Introduced By
Del.
Dave Albo (R-Springfield)
Dave Albo
(R-Springfield)
Served: 1994–
Progress
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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 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
Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 02/12/2008.



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.