Real property tax assessment; affordable housing. (HB1553)

Introduced By

Del. Manoli Loupassi (R-Richmond) with support from co-patron Del. Chris Peace (R-Mechanicsville)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Real property tax assessment; affordable housing. Modifies the special means of assessing the value of affordable rental housing units by permitting a taxpayer who owns certain multiple units and has expenses that are common to two or more units to make a pro rata apportionment of such expenses to each such unit based on each unit's assessed value as a percentage of the total assessed value of all such units. The bill covers the units whether they are in a single tax parcel or multiple tax parcels.


Bill Has Passed


01/04/2013Prefiled and ordered printed; offered 01/09/13 13101814D
01/04/2013Referred to Committee on Finance
01/12/2013Impact statement from TAX (HB1553)
01/14/2013Assigned Finance sub: #2
01/16/2013Subcommittee recommends reporting (9-Y 0-N)
01/21/2013Reported from Finance (20-Y 0-N) (see vote tally)
01/22/2013Read first time
01/23/2013Passed by temporarily
01/23/2013Read second time and engrossed
01/24/2013Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/24/2013VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
01/25/2013Constitutional reading dispensed
01/25/2013Referred to Committee on Finance
02/01/2013Impact statement from TAX (HB1553)
02/06/2013Reported from Finance (13-Y 0-N) (see vote tally)
02/07/2013Passed by for the day
02/08/2013Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/11/2013Read third time
02/11/2013Passed by for the day
02/12/2013Read third time
02/12/2013Passed Senate (40-Y 0-N) (see vote tally)
02/18/2013Bill text as passed House and Senate (HB1553ER)
02/18/2013Signed by Speaker
02/19/2013Impact statement from TAX (HB1553ER)
02/19/2013Signed by President
03/13/2013G Approved by Governor-Chapter 249 (effective 7/1/13)
03/13/2013G Acts of Assembly Chapter text (CHAP0249)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 1 minute.


Va Housing Coalition, tracking this bill in Photosynthesis, notes:

The VHC supports this bill that will ensure that scattered site affordable housing properties are not unfairly assessed as "market rate".