SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2000 SESSION
000931860RESOLVED by the House of Delegates, the Senate concurring, a majority of the members elected to each house agreeing, That the following amendment to the Constitution of Virginia be, and the same hereby is, proposed and referred to the General Assembly at its first regular session held after the next general election of members of the House of Delegates for its concurrence in conformity with the provisions of Section 1 of Article XII of the Constitution of Virginia, namely:
Amend Section 2 of Article X of the Constitution of Virginia as follows:
Section 2. Assessments.
All assessments of real estate and tangible personal property shall be at their
fair market value, to be ascertained as prescribed by law.; however, the
General Assembly by general law may allow the governing body of any county, city, town, or
regional government to limit the assessment of real estate owned by a person
not less than sixty-five years of age to the assessment in effect at the time
such person turned at least sixty-five years of age, or the General
Assembly may directly limit the assessment of real estate owned by a person not
less than sixty-five years of age to the assessment in effect at the time such person
turned at least sixty-five years of age. The General Assembly may define
and classify real estate devoted to agricultural, horticultural, forest, or open space uses, and may by general
law authorize any county, city, town, or regional government to allow deferral
of, or relief from, portions of taxes otherwise payable on such real estate if
it were not so classified, provided the General Assembly shall first determine
that classification of such real estate for such purpose is in the public
interest for the preservation or conservation of real estate for such uses. In
the event the General Assembly defines and classifies real estate for such
purposes, it shall prescribe the limits, conditions, and extent of such
deferral or relief. No such deferral or relief shall be granted within the
territorial limits of any county, city, town, or regional government except by
ordinance adopted by the governing body thereof.
So long as the Commonwealth shall levy upon any public service corporation a State franchise, license, or other similar tax based upon or measured by its gross receipts or gross earnings, or any part thereof, its real estate and tangible personal property shall be assessed by a central State agency, as prescribed by law.