Constitutional amendment; assessment of real property for tax purposes (first reference). (SJ60)

Introduced By

Sen. John Miller (D-Newport News)

Progress

Introduced
X
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Constitutional amendment (first resolution); assessment of property for tax purposes. Provides that tax assessments made by any county, city, or town of real property used by its owners solely for single family residential purposes may, by ordinance adopted by the local governing body, be reduced on an annual basis in an amount up to the first $100,000 of the assessed value, provided that such property has been the primary residence of its owners for at least five years. View Full Text »

Outcome

Bill Has Failed
View Bill's History