Real estate tax; exemptions and deferrals for certain residential or farm property. (SB10)
Introduced By
Sen. Ralph Northam (D-Norfolk)
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
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 fair market value of 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. View Full Text »
Status
01/29/2008: Awaiting a Vote in the Privileges and Elections Committee
View Bill's History
