Virginia Senate Bill 779 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 18 2008 - 25% progression, died in chamber
Action: 2008-01-29 - Senate: Continued to 2009 in Finance (16-Y 0-N)

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.

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

Sen. Ralph Smith [R]

Date	Chamber	Action
2008-01-29		Senate: Continued to 2009 in Finance (16-Y 0-N)
2008-01-18		Senate: Referred to Committee on Finance
2008-01-18		Senate: Presented and ordered printed 089863326

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?081+sum+SB779