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2002 SESSION
HB 496 Downzoning of property under use value assessment.
Introduced by: Robert D. Orrock, Sr. | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Downzoning of property under use value assessment. Provides that when the owner of property requests and is granted a downzoning of property that, at the time of the downzoning, was subject to a special use value assessment pursuant to Article 4 (§ 58.1-3229 et seq.) of Chapter 32 of Title 58.1, the assessing locality shall, for a period of 10 years, for purposes of valuation, assessment and taxation, continue to treat such property as if no change in use has occurred.
FULL TEXT
HISTORY
- 01/09/02 House: Presented & ordered printed, prefiled 01/08/02 023722876
- 01/09/02 House: Referred to Committee on Counties, Cities and Towns
- 01/18/02 House: Assigned to C. C. T. sub-committee: 2
- 01/25/02 House: Tabled in Counties, Cities & Towns (22-Y 0-N)