HB 1446

  • Virginia House Bill
  • 2024 Regular Session
  • Introduced in House Jan 18, 2024
  • House
  • Senate
  • Governor

Real property tax; assessment of real property used for affordable housing.

Abstract

Real property tax; assessment of real propertyused for affordable housing. Requires the duly authorized real estate assessor of a locality to appraise affordable rental housingin accordance with the income approach, as described by the bill.The bill provides that, should the duly authorized real estate assessorfail to follow generally accepted appraisal practices, the assessmentwill not be entitled to a presumption of correctness, and if theowner then successfully appeals such assessment, the locality shallreimburse the owner for attorney fees and costs incurred.

Bill Sponsors (3)

Votes


Actions


Feb 07, 2024

House

Continued to 2025 with substitute in Finance (12-Y 9-N)

House

Committee substitute posted to LIS only 24107217D-H1

Feb 06, 2024

House

House subcommittee amendments and substitutes offered

House

Subcommittee recommends reporting with substitute (6-Y 2-N)

Feb 02, 2024

House

Assigned Finance sub: Subcommittee #2

Jan 30, 2024

House

House subcommittee amendments and substitutes offered

Jan 26, 2024

House

Impact statement from TAX (HB1446)

Jan 18, 2024

House

Presented and ordered printed 24104281D

House

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
Presented and ordered printed 24104281D PDF HTML
Committee substitute posted to LIS only 24107217D-H1 PDF HTML

Related Documents

Document Format
Fiscal Impact Statement: HB1446F161.PDF PDF

Sources

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