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HB549

Real property taxes; notice by mail of proposed increase.

Status:
Killed

Chief Patron:
Wendell Walker (R)

Session:
2024 Regular Session

Summary

As Introduced. Real property taxes; notice by mail of proposed increase.

Requires localities, after conducting a reassessment of real estate, to provide notice to property owners by mail of certain information prior to adopting a tax rate that would increase the amount of real property tax collected above 101 percent of the prior year's tax collections. The bill requires the notice to include (i) the dollar and percentage amount of increase that the proposed tax rate would levy on the owner's particular property compared to the previous year's tax levy, (ii) the tax levy on the owner's particular property for the previous tax year and the proposed levy for the current tax year, and (iii) all of the information regarding the proposed tax rate that under current law is required to be posted in a newspaper and a prominent public location. (Less)
  • Bill History

  • 01/09/2024 - House: Prefiled and ordered printed; offered 01/10/24 24100634D
  • 01/09/2024 - House: Referred to Committee on Finance
  • 01/22/2024 - House: Assigned Finance sub: Subcommittee #2
  • 01/22/2024 - House: Impact statement from TAX (HB549)
  • 01/23/2024 - House: House subcommittee amendments and substitutes offered
  • 01/30/2024 - House: Subcommittee recommends striking from docket (8-Y 0-N)
  • 02/13/2024 - House: Left in Finance

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com


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