HB68 — Real property; effect on rate when assessment results in tax increase, consideration of inflation.

HB68 — Real property; effect on rate when assessment results in tax increase, consideration of inflation. · Informed CitizenryThis bill amends sections 58.1-3321 and 58.1-3330 of the Code of Virginia regarding local real property taxation. It requires counties, cities, or towns to reduce their tax levy rate if an annual,…Open in Informed Citizenry