Bill Text: VA HB124 | 2018 | Regular Session | Prefiled

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Real property tax; Bedford County authorized to conduct general reassessment.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2018-02-26 - Governor: Acts of Assembly Chapter text (CHAP0024) [HB124 Detail]

Download: Virginia-2018-HB124-Prefiled.html

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18101634D
HOUSE BILL NO. 124 Offered January 10, 2018 Prefiled December 18, 2017 A BILL to amend and reenact §58.1-3252 of the Code of Virginia, relating to real property tax; general reassessment. ---------- Patron-- Austin ---------- Committee Referral Pending ----------

Be it enacted by the General Assembly of Virginia:

1. That §58.1-3252 of the Code of Virginia is amended and reenacted as follows:

§58.1-3252. In counties.

There shall be a general reassessment of real estate every four years. Any county which that, however, has a total population of 50,000 or less may elect by majority vote of its board of supervisors to conduct its general reassessments at either five-year or six-year intervals. In addition, Augusta County and Bedford County may elect by majority vote of its their respective board of supervisors to conduct its their general reassessments at either five-year or six-year intervals.

Nothing in this section shall affect the power of any county to use the annual or biennial assessment method as authorized by law.