Virginia House Bill 74 (Prior Session Legislation)

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Spectrum: Unknown
Status: Introduced on December 7 2007 - 25% progression, died in chamber
Action: 2008-02-12 - House: Left in Finance

Real estate tax rates. Requires each locality to lower its real estate tax rate for the forthcoming tax year to produce no more than the previous year's real property tax levies when any annual assessment, biennial assessment, or general reassessment of real property by the locality would result in an increase in the total real property tax levied. The locality may increase the rate above the reduced rate after a public hearing held no sooner than 30 days after the rate reduction. The bill has a delayed effective date of January 1, 2009.

Real estate tax; limitation on rates by localities.

No sponsor information available at this time.

Date	Chamber	Action
2008-02-12		House: Left in Finance
2008-01-15		House: Assigned Finance sub: 1
2007-12-07		House: Referred to Committee on Finance
2007-12-07		House: Prefiled and ordered printed; offered 01/09/08 082201692

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+HB74