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2017 SESSION

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SB 1248 Real property tax; Stafford County may adopt, by ordinance, to restrict deferral of taxes.

Introduced by: Richard H. Stuart | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED SENATE:

Real property tax; deferral; Stafford County. Allows Stafford County, by ordinance, to restrict the deferral of real property taxes authorized under current law to a taxpayer's sole dwelling whose tax levy for 2016 exceeded the tax levy for 2015 by at least 25 percent due to improvements made to adjacent property by Stafford County. The amount of the deferral shall not exceed 95 percent of such excess. This bill is identical to HB 2219.

SUMMARY AS INTRODUCED:

Real property tax; deferral; Stafford County. Allows Stafford County, by ordinance, to restrict the deferral of real property taxes authorized under current law to a taxpayer's sole dwelling whose assessed value has increased by at least five percent over the prior year due to improvements made to adjacent property by Stafford County. The bill applies to real property whose eligibility for deferral of taxes occurred on or after January 1, 2016.