Real Estate And Real Estate Tax
Virginia 2024 Regular Session
Orange County; authorization to establish department of real estate assessment, etc. [SB-9]
[Real Estate ]
[Property Tax ]
Department of real estate assessment; Orange County. Authorizes Orange County to establish a department of real estate assessment and to enter into an agreement with a contiguous county or city to establish a joint department of real estate assessment. Under current law, real estate assessments are made by the commissioner of the revenue, except in Accomack, Goochland, James City, and Powhatan Counties, and among those, only James City and Powhatan Counties may enter into an agreement to establish a joint department of real estate assessment. Department
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Sponsored by: Sen. Bryce Reeves
Governor: Acts Of Assembly Chapter Text (chap0570) on 04/05/2024
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Gettr Virginia 2023 Regular Session
Land use classifications; property qualifications. [SB-1511]
[Real Estate ]
[Agriculture ]
[Property Tax ]
[Environmental ]
Land use classifications; property qualifications. Allows a property that formerly participated in and continues to meet the qualifications of a state or federal soil and water conservation program but is no longer receiving payments or other compensation as a result of such program to continue to be eligible for designation as real estate devoted to agricultural use and real estate devoted to horticultural use. The bill further states that the presence of noxious weeds or woody growth shall not be the sole basis for denial of a property's designation
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Sponsored by: Sen. Emmett Hanger
Governor: Acts Of Assembly Chapter Text (chap0345) on 03/23/2023
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Virginia 2023 Regular Session
Disabled veterans & surviving spouses of certain military; state subsidy of property tax exemptions. [SB-1032]
[Veterans ]
[Property Tax ]
[Taxes ]
[Real Estate ]
[Budget and Spending ]
[Military ]
[Funding ]
State subsidy of property tax exemptions for disabled veterans and surviving spouses of military members killed in action. Requires the Commonwealth to subsidize local real estate tax relief for disabled veterans and surviving spouses of members of the United States Armed Forces killed in action when more than one percent of a locality's real estate tax base is lost due to such state-mandated tax relief programs. The bill provides that the Commonwealth will subsidize only that portion of tax-exempt real estate that exceeds the one percent threshold
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Sponsored by: Sen. Richard Stuart
Passed By Indefinitely In Finance And Appropriations (14-y 2-n) on 02/01/2023
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Virginia 2022 Regular Session
Real property tax; assessment cycles by counties. [HB-951]
[Real Estate ]
[Property Tax ]
[Taxes ]
Real property tax; reassessment cycles. Authorizes counties to conduct a general reassessment of real estate every three years if determined by majority vote of a county's board of supervisors. Current law requires counties to conduct a general reassessment every four years, with exceptions authorized for specified counties.
Sponsored by: Rep. M. Keith Hodges
Governor: Acts Of Assembly Chapter Text (chap0361) on 04/11/2022
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Virginia 2022 Regular Session
Land bank ordinances; disposition. [HB-298]
[Real Estate ]
[Taxes ]
[Housing ]
[Community Development ]
[Property Tax ]
Delinquent tax lands; disposition. Authorizes localities to petition the circuit court to appoint a special commissioner to, in lieu of a sale at public auction, convey certain real estate having delinquent taxes or liens to the locality's land bank entity or an existing nonprofit entity designated by the locality to carry out the functions of a land bank entity. Currently, such real estate may be conveyed only to the locality itself. The bill also allows real estate that contains a derelict building and has delinquent taxes and liens exceeding
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Sponsored by: Rep. Betsy Carr
Governor: Acts Of Assembly Chapter Text (chap0015) on 03/08/2022
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Virginia 2022 Regular Session
Land bank ordinances; disposition. [SB-142]
[Real Estate ]
[Taxes ]
[Housing ]
[Community Development ]
[Property Tax ]
Delinquent tax lands; disposition. Authorizes localities to petition the circuit court to appoint a special commissioner to, in lieu of a sale at public auction, convey certain real estate having delinquent taxes or liens to the locality's land bank entity or an existing nonprofit entity designated by the locality to carry out the functions of a land bank entity. Currently, such real estate may be conveyed only to the locality itself. The bill also allows real estate that contains a derelict building and has delinquent taxes and liens exceeding
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Sponsored by: Sen. John Edwards
Governor: Acts Of Assembly Chapter Text (chap0713) on 04/27/2022
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Virginia 2014 Regular Session
Constitutional amendment; real property tax exemption for spouses of soldiers killed in action. [SJR-81]
[Property Tax ]
[Taxes ]
[Veterans ]
[Military ]
[Real Estate ]
Constitutional amendment (second resolution); real property tax exemption for spouses of soldiers killed in action. Provides that the General Assembly may provide a real property tax exemption for the primary residence of surviving spouses of members of the military who are killed in action. Such tax exemption may not be claimed by a surviving spouse who has remarried.
Sponsored by: Sen. Richard Black
Continued To 2015 In Finance (17-y 0-n) on 01/29/2014
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Virginia 2014 Regular Session
Water and sewer; liens for charges in Prince George County. [SB-81]
[Water ]
[Housing ]
[Real Estate ]
[Infrastructure ]
Prince George County; ordinance providing that charges for water and sewer shall be a lien on real estate. Adds Prince George County to the list of localities permitted to provide by ordinance that charges for water and sewer shall be a lien on the real estate served by such waterline or sewer.
Sponsored by: Sen. Frank Ruff
Incorporated By Local Government on 01/14/2014
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Virginia 2014 Regular Session
Real estate loans; flood insurance. [SB-74]
[Real Estate ]
[Insurance ]
[Consumer Protection ]
[Housing ]
Real estate loans; flood insurance. Prohibits a lender from requiring a borrower to provide flood insurance coverage against risks to improvements on real property securing its loan in an amount that exceeds the replacement value of the improvements.
Sponsored by: Sen. Jeffrey McWaters
Governor: Acts Of Assembly Chapter Text (chap0247) on 03/17/2014
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Virginia 2014 Regular Session
Real estate; delinquent taxes. [SB-68]
[Real Estate ]
[Taxes ]
[Housing ]
[Community Development ]
[Nonprofit ]
[Property Tax ]
Real estate with delinquent taxes. Changes, under certain circumstances, the criteria for transferring certain tax-delinquent real property to localities through a special commissioner in the Cities of Norfolk, Richmond, Hopewell, Newport News, Petersburg, and Hampton by reducing the percentage of taxes and liens from exceeding 35 percent to 20 percent and of taxes alone from 15 percent to 10 percent, respectively, and including parcels with an assessed value of $100,000 or less. The reduced criteria apply only if the dwelling is not occupied and
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Sponsored by: Sen. Henry Marsh
Governor: Acts Of Assembly Chapter Text (chap0519) on 04/03/2014
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Virginia 2014 Regular Session
Southwestern Virginia Mental Health Institute; DBHDS to onvey certain real property. [SB-667]
[Mental Health ]
[Healthcare ]
[Human Services ]
[Community Development ]
[Real Estate ]
Authorizing DBHDS to convey a portion of the real property known as the Southwestern Virginia Mental Health Institute to the Mount Rogers Community Services Board. Corrects the legal description of property authorized by the 2013 General Assembly to be conveyed by the Department of Behavioral Health and Developmental Services to the Mount Rogers Community Services Board for the purpose of providing services for individuals in need of mental health, developmental, and substance abuse services.
Sponsored by: Sen. Charles Carrico
Governor: Acts Of Assembly Chapter Text (chap0643) on 04/04/2014
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Virginia 2014 Regular Session
Virginia Real Estate Time-Share Act; public offering statement, multisite registration. [SB-577]
[Real Estate ]
[Consumer Protection ]
Virginia Real Estate Time-Share Act; public offering statement; multisite registration. Allows for the developer, in the case of a time-share project located outside the Commonwealth, to amend the public offering statement to reflect any additions or deletions of the time-share project to an existing time-share program registered in the Commonwealth.
Sponsored by: Sen. John Cosgrove
Governor: Acts Of Assembly Chapter Text (chap0716) on 04/06/2014
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Virginia 2014 Regular Session
Virginia Defense Force; localities may appropriate money, etc., for Force. [SB-546]
[Defense ]
[Military ]
[Public Safety ]
Virginia Defense Force. Authorizes a locality to appropriate such sums of money and real and personal property as it may deem proper to the Virginia Defense Force, when that organization is maintained within the limits of the locality.
Sponsored by: Sen. Frank Ruff
Governor: Acts Of Assembly Chapter Text (chap0547) on 04/03/2014
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Virginia 2014 Regular Session
Real and personal property tax exemption; aviation museum. [SB-508]
[Taxes ]
[Property Tax ]
[Arts and Culture ]
[Veterans ]
[Military ]
[Education ]
Real and personal property tax exemption; aviation museum. Permits any locality to exempt any real or personal property the legal title to which is not held by a nonprofit entity but is subject to the sole use and occupancy of a nonprofit entity, as long as the nonprofit entity uses such property solely to (i) exhibit or display certain military aircraft to the general public or (ii) use such aircraft for educational purposes.
Sponsored by: Sen. Frank Wagner
Governor: Acts Of Assembly Chapter Text (chap0185) on 03/05/2014
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Virginia 2014 Regular Session
Real property tax liens; assignment to third party. [SB-483]
[Property Tax ]
[Real Estate ]
[Taxes ]
Real property tax liens. Provides that if a taxpayer agrees, a third party who pays the delinquent taxes due on the taxpayer's real property may be assigned the tax lien on the property.
Sponsored by: Sen. Richard Stuart
Continued To 2015 In Finance (11-y 0-n) on 01/28/2014
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Virginia 2014 Regular Session
Real property tax; notice of assessment. [SB-480]
[Real Estate ]
[Property Tax ]
[Taxes ]
Real property tax; notice of assessment. Requires every notice of assessment to set forth (i) the new and prior two assessed values of land and assessed value of improvements; (ii) the new tax rate and the rates for the prior two tax years; (iii) the total new tax levy and the tax levies for the prior two years; and (iv) the percentage changes in such levies. Under current law, such information is required for the current year and the prior year. The bill also requires the notice to inform each property owner of his right to review and make copies
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Sponsored by: Sen. Thomas Norment
Governor: Acts Of Assembly Chapter Text (chap0802) on 04/23/2014
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Virginia 2014 Regular Session
Real Estate Board; death or disability of a broker. [SB-438]
[Real Estate ]
[Housing ]
[Small Business ]
[Consumer Protection ]
[Law Enforcement ]
Real Estate Board; death or disability of a broker. Requires the Real Estate Board to grant approval to certain persons in a specific order of priority as may be designated by a broker in the event of his disability or death to conclude the business of the broker. Under current law, the Board may grant approval to the estate or an adult family member or employee of the licensed broker. The bill also requires the Real Estate Board to inform licensed brokers, in a manner deemed appropriate by the Board, of the broker's ability to designate an agent
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Sponsored by: Sen. Adam Ebbin
Governor: Acts Of Assembly Chapter Text (chap0705) on 04/06/2014
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Virginia 2014 Regular Session
Neighborhood revitalization; locality may adopt program to establish, etc. [SB-374]
[Real Estate ]
[Housing ]
[Community Development ]
[Public Health ]
[Public Safety ]
[Economic Development ]
[Property Tax ]
Neighborhood revitalization. Provides that a locality may by ordinance adopt a program to establish and impose an annual blighted property assessment fee on real properties that have remained vacant for one year or longer if the property has been permitted by the owner to deteriorate to the extent that it has become detrimental to the public health, safety, or welfare of the locality or surrounding area and has contributed to the reduction of surrounding property values.
Sponsored by: Sen. Henry Marsh
Continued To 2015 In Local Government (15-y 0-n) on 02/04/2014
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Virginia 2014 Regular Session
Manufactured homes; revises requirements, etc., for titling homes, conversion to real property. [SB-356]
[Housing ]
[Real Estate ]
[Construction ]
Titling manufactured homes. Revises requirements and procedures for titling manufactured homes.
Sponsored by: Sen. John Cosgrove
Governor: Acts Of Assembly Chapter Text (chap0624) on 04/04/2014
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Virginia 2014 Regular Session
Virginia Real Estate Time-Share Act; alternative purchase. [SB-348]
[Real Estate ]
[Consumer Protection ]
Virginia Real Estate Time-Share Act; alternative purchase. Provides for the registration with the Common Interest Community Board of alternative purchases that are offered to potential purchasers during the developer's sales presentation. The bill also requires the developer to notify the Board within 30 days of any material change in any previously registered alternative purchase.
Sponsored by: Sen. John Cosgrove
Governor: Acts Of Assembly Chapter Text (chap0623) on 04/04/2014