Laws & Taxes

Laws & Taxes

Alexandria’s First Half Real Estate Tax Bills Mailed May 14

WASHINGTON, D.C. - May 20, 2013 - (RealEstateRama) -- The City of Alexandria has mailed bills for the first half 2013 real estate tax and refuse fee to all property owners and/or mortgage companies. Although the residential refuse fee was decreased to $328 in the FY 2014 Approved Budget, the FY 2013 fee of $336 remains in effect for the first half 2013 real estate tax billing, so a refuse fee of $168 will be shown on the bills for properties subject to the fee

Hampton Council approves 2014 budget, trims tax ...

May 9, 2013 - (RealEstateRama) -- Hampton City Council approved a budget of $448,602,259 for fiscal year 2014, raising the property tax rate by 20 cents but trimming 3 cents off the maximum rate that was recommended last month. The year-over-year increase is 4.08%, with half of the increased revenue earmarked for schools and half for city operations

Alexandria City Council to Consider Real Estate Tax Rate Increase of Up to Four...

WASHINGTON, D.C. - March 14, 2013 - (RealEstateRama) -- On March 12, the Alexandria City Council voted 7-0 to authorize advertisement of the maximum possible real (residential and commercial) property tax rates it will consider for the 2013 calendar year. Based on Council’s actions, the base real estate tax rate could be raised by a maximum of four cents, up to $1.038 per $100 assessed value. City Council could set any rate below the maximum of $1.038. The tax rate on tangible personal property, such as vehicles, boats and trailers, is proposed to increase from $4.75 to $5.00 per $100 of assessed value. The personal property tax rate on business equipment and other types of vehicles is not proposed to change

Apply for Senior Real Estate Tax Relief/Deferral March 1 – June 1

WASHINGTON, D.C. - March 1, 2013 - (RealEstateRama) -- The Norfolk Department of Human Services is accepting applications for the city’s Real Estate Tax Relief/Deferral Program from Friday, March1 through June 1, 2013.

Arlington County Board Advertises $1.021 Tax Rate for 2013

ARLINGTON, VA - February 25, 2013 - (RealEstateRama) -- The Arlington County Board today voted 4 to 0 to advertise a property tax rate of $1.021 per $100 of assessed value for Calendar Year (CY) 2013, including the stormwater sanitary district tax. This is five cents above the CY 2012 real estate tax rate

Balancing FY 2014 Budget Requires Tough Choices on Service Cuts, Tax Rate Increase

ARLINGTON, VA - February 21, 2013 - (RealEstateRama) -- Citing the need to close a $22 million budget gap in Fiscal Year 2014, Arlington County Manager Barbara Donnellan today previewed for the County Board a proposed balanced $1.073 billion budget that calls for a mix of service cuts and a 3.2 cent real property tax rate increase

Governor McDonnell Signs Legislation to Protect Property Rights of Virginia Citizens

RICHMOND - July 16, 2012 - (RealEstateRama) -- Governor Bob McDonnell ceremonially signed four pieces of legislation to protect the property rights of Virginia citizens. HB5 (R. Bell) and its companion SB240 (Obenshain) provide for a referendum for a constitutional amendment to protect private property rights on the Nov. 6, 2012 ballot. HB1035 (Joannou) and SB437 (Obenshain) provide clear definitions for the terms "lost profits" and "lost access" and how to determine the amount of just compensation.

City Council to Hold Public Hearing on Real Estate and Personal Property Tax Rates

April 12, 2012 - (RealEstateRama) -- The Alexandria City Council will hold a public hearing on the 2012 Real Estate and Personal Property Tax Rates on Saturday, April 14, beginning at 9:30 a.m. in City Council Chambers, Room 2400 (2nd Floor) at Alexandria City Hall, 301 King St. On March 13, the Alexandria City Council voted 5-2 to authorized advertising a maximum possible real residential property tax increase to $1.008 per $100 assessed value, an increase of one cent. The personal property tax rate on vehicles and business tangible property tax rates would remain unchanged. The Council will determine and vote on a final real property tax rate when they adopt the Operating Budget and Capital Improvement Program on May 7, 2012.

Deadline to Pay Real Property Tax is December 5

Leesburg, VA - November 22, 2011 - (RealEstateRama) -- Treasurer H. Roger Zurn Jr. reminds taxpayers that the deadline for payment of the second half real property tax is Monday, December 5, 2011. Payments postmarked after December 5, 2011, will incur a 10% late payment penalty. The penalty date will not be extended for bills where assessment questions have been filed with the Board of Equalization. Additional interest at the rate of 10% per annum will be assessed

Triennial Recertification of Exempt Properties

Hampton, VA - September 6, 2011 - (RealEstateRama) -- In accordance with the Code of Virginia and the Hampton Municipal Code the owners of properties which have been exempted from taxation are being sent Exemption Retention Applications. The triennial review of exempt properties requires owners of exempt property to complete and return an Exemption Retention Application for each real estate parcel in order to verify that the properties still qualify for exemption from local taxation.

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“Housing Stabilizes Communities and Powers Our Economy” Campaign Kicks Off This...

CHACE (Campaign for Housing and Civic Engagement), a statewide campaign to raise awareness during Virginia’s 2017 election season of housing as the platform for family stability and economic vitality, launched today in coordination with the Housing Week of Action, a nationwide effort sponsored by Our Homes, Our Voices