HB 1446

  • Virginia House Bill
  • 2025 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 property used for affordable housing. Requires the duly authorized real estate assessor of a locality to appraise affordable rental housing in accordance with the income approach, as described by the bill. The bill provides that, should the duly authorized real estate assessor fail to follow generally accepted appraisal practices, the assessment will not be entitled to a presumption of correctness, and if the owner then successfully appeals such assessment, the locality shall reimburse the owner for attorney fees and costs incurred.

A BILL to amend and reenact ยง 58.1-3295 of the Code of Virginia, relating to real property tax; assessment of real property used for affordable housing. 24104281D

Bill Sponsors (1)

Votes


Actions


Nov 18, 2024

House

Left in Finance

Feb 07, 2024

House

Committee substitute posted to LIS only 24107217D-H1

House

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

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
Substitute HTML PDF
Introduced HTML PDF

Related Documents

Document Format
Impact statement from TAX (HB1446) PDF

Sources

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