Tuesday, September 25, 2007

Bill Howell and GOP Leaders Present Home Property Tax Cut Legislation

by Chelyen Davis
The Free Lance-Star
RICHMOND--House and Senate Republicans yesterday announced proposals to make homeowners more aware of property tax increases and to allow localities to reduce those taxes by one-fifth.

House Speaker Bill Howell, R-Stafford, and other House and Senate Republicans, said rising taxes on homes is a big problem, especially in fast-growing areas. Even though personal property taxes are local taxes, the legislators want to encourage local governments to rein in the increases.

"Virginians have had to endure the expense of ever-increasing assessments resulting in higher property tax bills for far too long," Howell said. "The package of measures is going to help alleviate the pressure on homeowners, giving them more effective tools to prevent rising assessments and bring clarity to the process that local governments use to set the tax rate."

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