VirginiaReal property tax; high exemption locality reimbursements.
What it does
Real property tax; high exemption locality reimbursements. Provides that in tax year 2025 and all tax years thereafter, a high exemption locality, defined in the bill, shall be reimbursed by the Commonwealth for 50 percent of the exemption value, also defined in the bill, multiplied by the 2022 effective real property tax rate in such locality.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jan 23Passed by indefinitely in Finance and Appropriations (7-Y 6-N)Latest
- Vote recorded Passed by indefinitely in Finance and Appropriations (7-Y 6-N). Result: pass.Upper
- Jan 23Impact statement from TAX (SB1312)
- Jan 9Referred to Committee on Finance and AppropriationsMinor
- Jan 9Prefiled and ordered printed; Offered 01-08-2025 25102027DIntroduced
- Jan 23Passed by indefinitely in Finance and Appropriations (7-Y 6-N)Latest