Real estate tax; classification of residential property. (HB215)
Introduced By
Del.
Kenny Alexander (D-Norfolk)
Kenny Alexander
(D-Norfolk)
Served: 2002–
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
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
