SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2006 SESSION

  • | print version

SB 219 Revenue-neutral tax rate; locality to calculate and publish in its budget.

Introduced by: Frederick M. Quayle (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Reassessment of real property; publication of revenue-neutral tax rate.  Requires a locality to calculate and publish in its budget a revenue-neutral tax rate in years in which real estate in the locality has been reassessed. The revenue-neutral tax rate is calculated for comparison purposes to demonstrate the tax rate that would be required to produce the same amount of revenue in the next fiscal year as if real estate had not been reassessed.


FULL TEXT

HISTORY