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2022 SESSION

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HJ 58 Constitutional amendment; taxation and finance, longtime owner-occupant tax relief program.

Introduced by: Betsy B. Carr | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first reference); taxation and finance; longtime owner-occupant tax relief program. Directs the General Assembly to implement a tax relief program by which longtime owner-occupants of real property are granted a total or partial exemption from local real property taxation of real estate the market value of which has increased as a consequence of the refurbishment or renovation of other residences or the construction of new residences in long-established residential areas or areas of deteriorated, vacant, or abandoned homes and properties.


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