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2006 SESSION

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HB 121 Real estate tax; increases amount of exemptions for elderly or disabled in Northern Virginia.

Introduced by: Robert G. Marshall | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Real property tax exemption; elderly and disabled.  Changes certain provisions regarding real estate tax exemptions for the elderly and disabled by: (i) for localities in Northern Virginia, increasing from $340,000 to $540,000 the maximum financial worth cap a locality may impose and adding Clarke, Fauquier, and Stafford Counties to the localities in Northern Virginia for which the higher cap is applicable; and (ii) for certain other localities in central Virginia and Tidewater, increasing such cap from $200,000 to $350,000, and adding cities of Norfolk and Richmond to the localities for which the higher cap is applicable.  The bill incorporates HB 87 (Cole), HB 277 (Caputo), HB 540 (McClellan), HB 560 (Amundson), HB 1097 (Sickles), and HB 1444 (Miller).


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