Composite index of local ability to pay; DOE to study effect of local use value assessment. (HJ91)

Introduced By

Del. Michael Webert (R-Marshall) with support from co-patron Del. Elizabeth Guzman (D-Dale City)

Description

Study; Department of Education; effect of local use value assessment of certain real estate on the composite index of local ability to pay; report. Requests the Department of Education to (i) determine, for each of the 95 localities that have adopted ordinances to provide for the use value assessment and taxation of certain real estate, the use value of all applicable real estate devoted to (a) agricultural use, (b) horticultural use, (c) forest use, and (d) open-space use, as those terms are defined in the Code of Virginia, and (ii) recalculate the composite index of local ability to pay for each such locality after taking into consideration such use values. Read the Bill »

Outcome

History