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2017 SESSION

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HJ 577 Constitutional amendment; reducing assessed value of real property (first reference).

Introduced by: Mark L. Cole (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); real property tax; assessed value. Provides that the General Assembly may authorize any locality to reduce the assessed value of real property, until the property is sold or the owner dies, whose fair market value has increased significantly as a result of public improvements abutting the property.


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