Real property tax; assessment of real propertyused for affordable housing. Requires the duly authorized real estate assessor of a locality to appraise affordable rental housingin accordance with the income approach, as described by the bill.The bill provides that, should the duly authorized real estate assessorfail to follow generally accepted appraisal practices, the assessmentwill not be entitled to a presumption of correctness, and if theowner then successfully appeals such assessment, the locality shallreimburse the owner for attorney fees and costs incurred.
Del. Chris Runion
Sponsored bills
Commending Daniel M. Gade.
Celebrating the life of Janet Marie Brooking.
Commending Peter A. Blake.
Commending Scott McGeary.
Study; State Council of Higher Education forVirginia; $10,000 per year baccalaureate degree; report. Requeststhat the State Council of Higher Education for Virginia (i) studythe feasibility of implementing the option for students to pay $10,000annually for tuition and mandatory fees to earn a degree at a baccalaureatepublic institution of higher education in the Commonwealth by surveyingeach baccalaureate public institution of higher education to determinethe likely impact of such an option on enrollment, revenue, costs,services, staffing, and such other factors as the institution deemsrelevant and (ii) report its findings to the Governor and the GeneralAssembly no later than November 30, 2024.
Certain school divisions; cost-savings agreements;requirements. Removes the limitation on any school board thatenters into certain cost-savings agreements with a school board that governs a contiguous school division for the consolidation or sharingof educational, administrative, or support services and thus qualifiesfor adjustment of state share of basic aid computed annually onthe basis of the composite index of local ability-to-pay of such contiguous school division that caps such adjusted basic aid paymentat an amount equal to the basic aid payment appropriated to suchlocality by the 2007 Session of the General Assembly. The bill alsopermits, notwithstanding the requirement set forth in relevant lawthat a school division has 65 percent or more of its local taxescoming from real estate taxes in order for the school board thatgoverns such school division to be eligible to enter into such cost-savingsagreements with a contiguous school division, the Bath County SchoolBoard to enter into such cost-savings agreements with the AugustaCounty School Board, provided that all other conditions and limitations set forth in relevant law apply to any such agreement.
Commending the Associated General Contractorsof Virginia.
Commending Bridgewater Volunteer Rescue Squad.
Commending Sandra Gioia Treadway.