Real estate tax; limitation on tax rate. (HB169)
Introduced By
Del. Scott Lingamfelter (R-Woodbridge) with support from co-patron Del. Jeff Frederick (R-Woodbridge)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Real estate tax; limitation on tax rate. Provides that localities must set real estate tax rates so that the total real estate tax revenue will not increase by more than 3% over the previous year's total real property tax levies with one exception. The exception would allow a locality to set its property tax rate at a rate not to exceed the rate of population growth plus the rate of inflation in the locality for the immediately preceding year, but in no event shall the rate be set at any amount that would produce more than 6% growth. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
12/29/2005 | Prefiled and ordered printed; offered 01/11/06 065110380 |
12/29/2005 | Referred to Committee on Finance |
01/12/2006 | Fiscal impact statement from TAX (HB169) |
01/18/2006 | Assigned to Finance sub-committee: #1 (Orrock) |
01/26/2006 | Fiscal impact statement from DHCD (HB169) |
02/15/2006 | Left in Finance |