Virginia House Bill 72: Real property tax; classification of land and improvements in City of Fredericksburg.

Virginia · 2026 Regular Session

What it does

Real property tax; classification of land and improvements; City of Fredericksburg. Authorizes the City of Fredericksburg to levy a tax on the improvements to real property at a different rate than the tax imposed upon the land on which it is located. The rate levied on the improvements to real property shall not be zero and shall not exceed the rate of tax on the land on which it is located. This bill was incorporated into HB 282.

Latest action

Incorporated by Finance (HB282-Callsen) (Voice Vote) (2026-01-21)

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