HB 755

Abstract

Real property taxes; blighted and derelict properties in certain localities. Provides that, in certain localities, blighted properties and derelict structures shall constitute a separate class of property for local taxation of real property. Such certain localities may, by ordinance, levy a tax on blighted properties and derelict structures at a rate that exceeds the general real property tax rate by five and 10 percent, respectively. Any tax levied pursuant to such an ordinance shall be imposed upon a determination by the real estate assessor that a property constitutes a blighted property or derelict structure. The bill also provides that, in such certain localities, delinquent tax lands may be sold six months after the locality has incurred abatement costs for buildings that have been condemned, constitute a nuisance, are a derelict building, or are declared to be blighted. The bill contains technical amendments.

Real property taxes; blighted and derelict properties in certain localities. Provides that, in certain localities, blighted properties and derelict structures shall constitute a separate class of property for local taxation of real property. Such certain localities may, by ordinance, levy a tax on blighted properties and derelict structures at a rate that exceeds the general real property tax rate by five and 10 percent, respectively. Any tax levied pursuant to such an ordinance shall be imposed upon a determination by the real estate assessor that a property constitutes a blighted property or derelict structure. The bill also provides that, in such certain localities, delinquent tax lands may be sold six months after the locality has incurred abatement costs for buildings that have been condemned, constitute a nuisance, are a derelict building, or are declared to be blighted. The bill contains technical amendments.

Real property taxes; blighted and derelict properties in certain localities. Provides that, in certain localities, blighted properties and derelict structures shall constitute a separate class of property for local taxation of real property. Such certain localities may, by ordinance, levy a tax on blighted properties and derelict structures at a rate that exceeds the general real property tax rate by five and 10 percent, respectively. Any tax levied pursuant to such an ordinance shall be imposed upon a determination by the real estate assessor that a property constitutes a blighted property or derelict structure. The bill also provides that, in such certain localities, delinquent tax lands may be sold six months after the locality has incurred abatement costs for buildings that have been condemned, constitute a nuisance, are a derelict building, or are declared to be blighted. The bill contains technical amendments.

Real property taxes; blighted and derelict properties;City of Petersburg. Provides that, in the City of Petersburg,blighted properties and derelict structures shall constitute a separateclass of property for local taxation of real property. The City ofPetersburg may, by ordinance, levy a tax on blighted properties andderelict structures at a rate that exceeds the general real propertytax rate by five and 10 percent, respectively. Any tax levied pursuantto such an ordinance shall be imposed upon a determination by thereal estate assessor that a property constitutes a blighted propertyor derelict structure. The bill also provides that, in the City ofPetersburg, delinquent tax lands may be sold six months after thelocality has incurred abatement costs for buildings that have been condemned, constitute a nuisance, are a derelict building, or aredeclared to be blighted. The bill contains technical amendments.