Real property; requires localities to provide individual notice to each taxpayer of certain rates. (HB2127)

Introduced By

Del. Tim Hugo (R-Centreville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Real property tax rates; notice. Requires localities to provide individual notice to each real estate taxpayer of certain proposed tax rates. The notice is triggered in any year in which any annual assessment, biennial assessment, or general reassessment at the current rate would result in an increase of one percent or more in the total real property tax revenue in the following year, and the locality's proposed rate would yield in the forthcoming year more than 101 percent of the total real estate tax revenue received in the prior year. The individual notice shall include the property owner's current real property tax levy, the real property tax levy at the proposed rate, as well as two incremental levies for potential rate changes between the current tax rate and the proposed tax rate. Read the Bill »


Bill Has Failed


01/08/2007Prefiled and ordered printed; offered 01/10/07 078258103
01/08/2007Referred to Committee on Finance
01/18/2007Assigned Finance sub: #2 (Ware, R.L.)
01/26/2007Impact statement from TAX (HB2127)
01/31/2007Reported from Finance with substitute (18-Y 1-N) (see vote tally)
02/01/2007Committee substitute printed 077152332-H1
02/02/2007Read first time
02/03/2007Read second time
02/03/2007Committee substitute agreed to 077152332-H1
02/03/2007Engrossed by House - committee substitute HB2127H1
02/05/2007Read third time and passed House (78-Y 17-N)
02/05/2007Communicated to Senate
02/06/2007Constitutional reading dispensed
02/06/2007Referred to Committee on Finance
02/07/2007Impact statement from TAX (HB2127H1)