Constitutional amendment; localities computation of real estate taxes (first reference). (HJ122)

Introduced By

Del. Manoli Loupassi (R-Richmond)

Progress

Introduced
Passed Committee
Passed House
Passed Senate

Description

Constitutional amendment (first resolution); real estate tax partial exemption. Requires localities to compute real estate taxes based on no more than a five percent increase in the assessed value on the primary residence of an owner after he has occupied it for five years. The taxes of any new owner of the dwelling shall be based on fair market value until the new owner has occupied the dwelling for five years. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2008Prefiled and ordered printed; offered 01/09/08 087639606
01/08/2008Referred to Committee on Privileges and Elections
01/18/2008Continued to 2009 in Privileges and Elections