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HB 1358

Virginia House of Delegates bill in Session 2026.

Status: enacted. Latest action: April 6, 2026.

Real property tax; special assessment on basis of use, notice requirements.

Bill ID VA-2026-HB-1358
Session 2026
Status enacted
Committee Finance; Finance and Appropriations
House of Delegates enacted 2026-04-06
Summary

Real property tax; special assessment for land use; notice requirements; civil penalty. Establishes notice requirements for the sale of real estate that is valued, assessed, and taxed by a locality under a special assessment on the basis of use. The bill directs the Department of Taxation to create a written notice that may be provided to the purchaser of real estate in a land use program. The notice must include disclosures regarding the special classification of the real estate and liability for roll-back taxes if a change in use occurs. The bill also requires settlement agents to provide this written notice to purchasers of real estate in a land use program and to obtain the purchaser's written acknowledgement of receipt of the notice. The willful failure of a settlement agent to provide the notice and obtain the written acknowledgement will subject the settlement agent to a civil penalty in an amount not exceeding $5,000 per violation.

Sponsor
Runion
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-19 Introduced Bill introduced
2026-04-06 Status enacted
2026-04-06 Latest Action Acts of Assembly Chapter text (CHAP0308)
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