HB1118: Real estate tax; exemptions and deferrals for certain residential or farm property.

Chief Patron

Del. Paula Miller (D-87)

Paula Miller (D-87)
Norfolk, VA
Served: 2005–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

02/12/2008: Failed to Pass in Committee

View Entire History

Summary

Real property tax exemptions and deferrals for certain residential or farm property.  Authorizes local governing bodies to exempt, partially exempt, or defer the taxation of real property of up to 20 percent of the assessed value or the assessment for real property that is residential or farm property designed for continuous habitation and occupied as the primary dwelling of the individual owners. The bill is contingent on a constitutional amendment authorizing the exemption.