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2019 SESSION
HB 2060 Real estate with delinquent taxes or liens; appointment of special commissioner, etc.
Introduced by: Betsy B. Carr | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Real estate with delinquent taxes or liens; appointment of special commissioner; increase required value. Increases the required assessed value of property for the purpose of a locality appointing a special commissioner to convey property with delinquent taxes or liens to the locality in lieu of sale at public auction (i) from $100,000 to $150,000 in Norfolk, Richmond, Hopewell, Newport News, Petersburg, Fredericksburg, and Hampton and (ii) from $50,000 to $75,000 in all other localities.
SUMMARY AS INTRODUCED:
Real estate with delinquent taxes or liens; appointment of special commissioner; increase required value. Increases the required assessed value of property for the purpose of a locality appointing a special commissioner to convey property with delinquent taxes or liens to the locality in lieu of sale at public auction (i) from $100,000 to $150,000 in Norfolk, Richmond, Hopewell, Newport News, Petersburg, Fredericksburg, and Hampton and (ii) from $50,000 to $75,000 in all other localities.