Real property tax; exemptions and deferrals for certain residential or farm property. (SB496)

Introduced By

Sen. Ralph Northam (D-Norfolk)

Ralph Northam (D-Norfolk)
Served: 2008–

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
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 assessed value or the assessment for 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 »

Outcome

Bill Has Failed
View Bill's History

Identical Bills

The following bills are identical to this one: HB1118

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