HB1247: Real property tax classifications; Culpeper County permitted different tax rate on improvements.

HOUSE BILL NO. 1247
Offered January 18, 2010
A BILL to amend and reenact ? 58.1-3221.1 of the Code of Virginia, relating to real property tax classifications; improved and unimproved property.
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Patron-- Scott, E.T.
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Committee Referral Pending
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Be it enacted by the General Assembly of Virginia:

1.  That ? 58.1-3221.1 of the Code of Virginia is amended and reenacted as follows:

? 58.1-3221.1. Classification of land and improvements for tax purposes.

A. In the City of Fairfax, and the City of Roanoke, and Culpeper County, improvements to real property are declared to be a separate class of property and shall constitute a separate classification for local taxation of real property.

B. The governing body of the City of Fairfax, and the City of Roanoke, and Culpeper County, after giving public notice and an opportunity for the public to be heard in the manner provided in ? 58.1-3007, may levy a tax on the property enumerated in subsection A at a different rate than the tax imposed upon the land on which it is located all other real property, provided that the rate of tax on the property described in subsection A shall not be zero and shall not exceed the rate of tax on the land on which it is located all other real property.

C. Nothing in this section shall be construed to permit the City of Fairfax, or the City of Roanoke, or Culpeper County to alter in any way its valuation of real property covered by this section.