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2013 SESSION
HB 1756 Bedford, City of, reversion; taxation of real property that becomes part of Bedford County.
Introduced by: Barry D. Knight | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
City of Bedford reversion; taxation of real property that becomes part of Bedford County. Requires Bedford County to impose real property taxes on property that becomes part of the County as a result of the reversion of the City of Bedford to town status. The property is to be taxed for a short tax year running from the date of the reversion, July 1, 2013, through December 31, 2013. The bill declares an emergency exists and it is effective upon passage. SB 1041 is identical to this bill.
SUMMARY AS INTRODUCED:
City of Bedford reversion; taxation of real property that becomes part of Bedford County. Requires Bedford County to impose real property taxes on property that becomes part of the County as a result of the reversion of the City of Bedford to town status. The property is to be taxed for a short tax year running from the date of the reversion, July 1, 2013, through December 31, 2013. The bill permits property owners to apply for taxation on the basis of use assessment. The bill declares an emergency exists and it is effective upon passage.