Virginia 2026 Session Status: Introduced

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

Last action — Continued from last session

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House of Delegates
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the House of Delegates. Introduced December 30, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill addresses how property tax rates are affected by property assessment increases and inflation.

This legislation outlines how tax rates on real property should be adjusted when assessment values rise, taking inflation into account. It aims to clarify the relationship between property assessments and tax rates amid changes in economic conditions.

Summary

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

Bill Text

We don't have the full text on file for this bill yet.

Read HB68 on the official Virginia source →

Action History

  1. H Continued to next session in Finance

  2. H Placed on Finance Agenda

  3. H Subcommittee recommends continuing to (Voice Vote)

  4. H House subcommittee offered

  5. H House subcommittee offered

  6. H Placed on Finance Agenda

  7. H Placed on Finance Agenda

  8. H Fiscal Impact statement From TAX (1/18/2026 4:49 pm)

  9. H Assigned HFIN sub: Subcommittee #2

  10. H Referred to Committee on Finance

  11. H Prefiled and ordered printed; Offered 01-14-2026 26101665D

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 147 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB68 do?
Real property; effect on rate when assessment results in tax increase, consideration of inflation.
Who sponsors HB68?
HB68 is sponsored by Joseph P. McNamara.
What is the current status of HB68?
This bill has been introduced in the House of Delegates. Introduced December 30, 2025. It must pass committee before a floor vote.
Where can I track HB68?
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