Monday, May 12, 2008
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Tracking Virginia’s General Assembly
since 2007.
HJ121: Constitutional amendment; exempts certain homeowners from taxation (second reference).
Chief Patron
Del.
Brian Moran (D-46)
Brian Moran
(D-46)
Alexandria, VA
Served: 1996–
Progress
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Introduced |
 |
Passed Committee |
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Passed House |
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Passed Senate |
Status
01/15/2008: In Privileges and Elections Committee
Summary
Constitutional amendment (second resolution); property exempt from taxation. Authorizes the General Assembly to enact legislation that will allow localities by ordinance to exempt from real property taxes, or defer real property taxes on, up to 20 percent of the value of residential or farm property that is the owner- occupant's primary dwelling and lived in continuously.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/25/2008.
Identical Bills
The following bills are identical to this one: HJ3
Introduced: 2007-11-21
Status: in subcommittee
Introduced: 2007-11-26
Status: Failed to Pass in Committee
Introduced: 2007-11-28
Status: Failed to Pass in Committee
Introduced: 2008-01-02
Status: in subcommittee
Photosynthesis
This bill is being tracked by Vivian P. and Virginia Education Association.
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Comments
Why 20%?
20% is a nice round number, Jim. This bill looks hard to vote against. It will be of more help to areas with a lot of second homes. In urban areas it will probably hurt renters, if the landlords taxes go up. But in areas where land values have risen thanks to rich second home buyers, and the district's local composite index has risen, it seems fair to get some more money from them. But if there are few second homes, people should not think their taxes will drop 20%. If the county has less assessed value to deal with, they are going to raise the tax rate. But I still think I will support this one.
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