Real estate taxes; assessments, bills, and deferral by localities. (SB779)

Introduced By

Sen. Ralph Smith (R-Roanoke)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Property taxes; assessments, bills, and deferral. Requires localities (i) to include the tax rate that will apply to reassessed real property in the notice to taxpayers regarding the reassessment, (ii) to attach to each property tax bill the tax rate that will apply, the assessed value of the property, the total amount of the new tax levy, the total amount of the prior year's tax levy, and the percentage change in the new tax levy from the immediately prior year's tax levy, and (iii) to permit taxpayers to defer a portion of the increase in real property taxes on the primary dwelling owned and occupied by the taxpayer until the property is transferred or until the taxpayer's death. The bill has a delayed effective date of January 1, 2009. Read the Bill »


Bill Has Failed


01/18/2008Presented and ordered printed 089863326
01/18/2008Referred to Committee on Finance
01/28/2008Impact statement from TAX (SB779)
01/29/2008Continued to 2009 in Finance (16-Y 0-N) (see vote tally)

Duplicate Bills

The following bills are identical to this one: HB1009.