Carrie Coyner
- Republican
- Delegate
- District 75
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
Left in Finance
Committee substitute posted to LIS only 24107217D-H1
Continued to 2025 with substitute in Finance (12-Y 9-N)
House subcommittee amendments and substitutes offered
Subcommittee recommends reporting with substitute (6-Y 2-N)
Assigned Finance sub: Subcommittee #2
House subcommittee amendments and substitutes offered
Impact statement from TAX (HB1446)
Presented and ordered printed 24104281D
Referred to Committee on Finance
Bill Text Versions | Format |
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Substitute | HTML PDF |
Introduced | HTML PDF |
Document | Format |
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Impact statement from TAX (HB1446) |
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