All Roll Calls
Yes: 210 • No: 0
Sponsored By: Mark D. Obenshain (Republican)
Became Law
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 $250. The bill directs the Real Estate Board to include in the residential property disclosure statement on its website a statement that the owner makes no representations or warranties with respect to whether the property is located in a locality that has adopted a land-use plan that may provide use value assessment and taxation for certain real estate and that advises purchasers to exercise due diligence to determine whether the property may be subject to roll-back taxes and interest for taxation on the basis of a use assessment and the liability for additional taxes and penalties that may attach if a change in use occurs. Finally, the bill has a delayed effective date of January 1, 2027.
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2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Beginning January 1, 2027, settlement agents must give buyers a state notice before closing when land is taxed based on use (use‑value assessment). Buyers must sign an acknowledgment at or before closing, and the agent must keep it for at least five years. The Department of Taxation supplies the notice, which warns that changing the land’s use or zoning can trigger roll-back taxes and interest, and directs buyers to local assessors. The Virginia State Bar issues guidelines to help agents identify these properties. If the notice is missed, the taxes still apply and no private lawsuit is allowed. Agents who willfully fail to comply can be fined up to $250.
Beginning January 1, 2027, home sellers must give buyers the state’s standard disclosure form from the Real Estate Board website. The form is not a warranty and tells buyers to do their own checks on things like condition, easements, flood risk, and possible roll-back taxes. The Real Estate Board also posts a flood risk information form that explains flood insurance and FEMA maps. Sellers must deliver the disclosure using the delivery rules in state law.
Mark D. Obenshain
Republican • Senate
There are no cosponsors for this bill.
All Roll Calls
Yes: 210 • No: 0
House vote • 2/23/2026
Passed House with amendment Block Vote
Yes: 97 • No: 0
House vote • 2/18/2026
Reported from Finance with amendment(s)
Yes: 21 • No: 0
Senate vote • 1/30/2026
Read third time and passed Senate Block Vote
Yes: 38 • No: 0
Senate vote • 1/29/2026
Engrossed by Senate Block Vote (Voice Vote)
Yes: 0 • No: 0
Senate vote • 1/29/2026
Senator Obenshain Substitute agreed to
Yes: 0 • No: 0
Senate vote • 1/28/2026
Passed by for the day Block Vote (Voice Vote)
Yes: 0 • No: 0
Senate vote • 1/28/2026
Constitutional reading dispensed Block Vote (on 1st reading)
Yes: 40 • No: 0
Senate vote • 1/27/2026
Reported from Finance and Appropriations
Yes: 14 • No: 0
Acts of Assembly Chapter text (CHAP0309)
Approved by Governor-Chapter 309 (effective 1/1/2027)
Fiscal Impact statement From TAX (3/23/2026 10:20 am)
Governor's Action Deadline 11:59 p.m., April 13, 2026
Enrolled Bill communicated to Governor on March 10, 2026
Bill text as passed Senate and House (SB649ER)
Enrolled
Signed by President
Signed by Speaker
House amendment agreed to by Senate (40-Y 0-N 0-A)
Passed House with amendment Block Vote (97-Y 0-N 0-A)
Engrossed by House as amended
committee amendment agreed to
Read third time
Read second time
House committee offered
Reported from Finance with amendment(s) (21-Y 0-N)
Fiscal Impact statement From TAX (2/18/2026 7:43 am)
Referred to Committee on Finance
Read first time
Placed on Calendar
Read third time and passed Senate Block Vote (38-Y 0-N 0-A)
Engrossed by Senate Block Vote (Voice Vote)
Senator Obenshain Substitute agreed to
Floor Offered
Chaptered
4/6/2026
Enrolled
2/27/2026
Amendment
2/24/2026
Amendment
2/18/2026
Substitute
1/30/2026
Introduced
1/14/2026
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