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Exempt property

Virginia Ballot Measure - Question 1

Election: Nov. 6, 2018 (General)

Outcome: Passed

Categories:

Housing and Property
Taxes

Summary


The proposed amendment would authorize the General Assembly to allow localities to provide a partial tax exemption for real property that is subject to recurrent flooding, if improvements have been made on the property to address flooding. The General Assembly and participating localities would be allowed to place restrictions or conditions on qualification for the tax exemption.

A "yes" vote will authorize the General Assembly to allow localities to provide a partial tax exemption for real property that is subject to recurrent flooding, if improvements have been made on the property to address flooding.

A "no" vote will not allow such a tax exemption.

Measure Text


Should a county, city, or town be authorized to provide a partial tax exemption for real property that is subject to recurrent flooding, if flooding resiliency improvements have been made on the property?

Yes ( ) No ( )

Resources


Official Summary

Source
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