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2000 SESSION

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HJ 4 Constitutional amendment; assessment of real estate.

Introduced by: Thomas W. Moss, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); assessment of real estate at less than fair market value. Authorizes the General Assembly to allow the governing body of any local government to cap the assessed value of real estate owned by a person 65 years of age or older to the assessed value in effect at the time such person turned at least 65 years of age. The General Assembly also may, by general law, directly cap the assessed value of real estate owned by persons 65 years of age or older.


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