VirginiaReal property tax; assessment of real property used for affordable housing.
What it does
Real property tax; assessment of real property used for affordable housing. Requires the duly authorized real estate assessor of a locality to appraise affordable rental housing in accordance with the income approach, as described by the bill. The bill provides that, should the duly authorized real estate assessor fail to follow generally accepted appraisal practices, the assessment will not be entitled to a presumption of correctness, and if the owner then successfully appeals such assessment, the locality shall reimburse the owner for attorney fees and costs incurred.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2024
- Nov 18Left in FinanceLatest
- Feb 7Continued to 2025 with substitute in Finance (12-Y 9-N)
- Vote recorded Continued with substitution(s). Result: pass.Lower
- Feb 7Committee substitute posted to LIS only 24107217D-H1
- Feb 6Subcommittee recommends reporting with substitute (6-Y 2-N)Major
- Vote recorded Reported with substitute. Result: pass.Lower
- Feb 6House subcommittee amendments and substitutes offered
- Feb 2Assigned Finance sub: Subcommittee #2Minor
- Jan 30House subcommittee amendments and substitutes offered
- Jan 26Impact statement from TAX (HB1446)
- Jan 18Referred to Committee on FinanceMinor
- Jan 18Presented and ordered printed 24104281DIntroduced