Friday, May 16, 2008
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Tracking Virginia’s General Assembly
since 2007.
HB74: Real estate tax; limitation on rates by localities.
Chief Patron
Del.
Harry Purkey (R-82)
Harry Purkey
(R-82)
Virginia Beach, VA
Served: 1986–
Progress
 |
Introduced |
 |
Passed Committee |
 |
Passed House |
|
Passed Senate |
|
Signed by Governor |
|
Became Law |
Status
02/12/2008: Failed to Pass in Committee
Summary
Real estate tax rates. Requires each locality to lower its real estate tax rate for the forthcoming tax year to produce no more than the previous year's real property tax levies when any annual assessment, biennial assessment, or general reassessment of real property by the locality would result in an increase in the total real property tax levied. The locality may increase the rate above the reduced rate after a public hearing held no sooner than 30 days after the rate reduction. The bill has a delayed effective date of January 1, 2009.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 02/12/2008.
Photosynthesis
This bill is being tracked by Don R., VSBA, Vivian P., Virginia Interfaith Center for Public Policy, The Commonwealth Institute, Virginia Education Association, Karen S., Liz S., Martin T., NRVLiving, , William H., Jim D. and Baker_G.
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Status: signed by governor
Status: Failed to Pass in Committee
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Status: in subcommittee
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