Real estate tax; classification of residential property. (HB215)

Introduced By

Del. Kenny Alexander (D-Norfolk)

Kenny Alexander (D-Norfolk)
Served: 2002–

Progress

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

Description

Classification of taxable real property. Permits localities to tax residential property at a lower tax rate than that imposed on the general class of real property by creating a separate classification for taxation purposes. If a locality imposes a lower tax rate on residential property, then thereafter the locality shall not increase the rate of taxation on the general class of real property.   View Full Text »

Outcome

Bill Has Failed
View Bill's History