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Real property tax exemption; surviving spouses of members of the armed forces who died in the line of duty. Authorizes localities by ordinance to provide a total exemption from real property taxes regardless of assessed value beginning in taxable year 2025. Under current law, a total exemption is only allowed for those dwellings in the locality with assessed values in the most recently ended tax year that are not in excess of the average assessed value for such year of a dwelling situated on property that is zoned as single family residential.
Introduced
Jan 5, 2025
Last Action
Feb 5, 2025
Session
VA 2025
Sponsors
1 primary · 1 co
Left in Finance and Appropriations
Impact statement from TAX (SB900)
Prefiled and ordered printed; Offered 01-08-2025 25102345D
Referred to Committee on Finance and Appropriations
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Left in Finance and Appropriations
Christie New Craig