SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2001 SESSION

  • | print version

SB 939 Local real estate taxes in Northern Virginia.

Introduced by: Leslie L. Byrne | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Local real estate taxes. Raises the income limit from $30,000 to $50,000 for the majority of localities. It further authorizes certain Northern Virginia local governing bodies, by ordinance, to raise the income and financial worth limitations for any exemption or deferral program, thereby allowing more persons to qualify for such program. The income limitation may be raised to a maximum of the greater of $62,000 or the income limits based upon family size for the respective metropolitan statistical area, annually published by the U.S. Department of Housing and Urban Development. The financial worth amount may be raised to $240,000, excluding the value of the dwelling and the land, not to exceed one acre, upon which the dwelling is situated. This bill is identical to HB 1987.


FULL TEXT

AMENDMENTS

HISTORY