In a surprising move, Senate Republicans voted against and helped to defeat the so called Homestead Exemption. The bill would have allowed localities to exempt up to 20% of a home’s value from property taxes.
This legislation is a favorite of those living in Northern Virginia, many of whom have been grappling with skyrocketing assessments and tax bills. Although, those assessments may have begun to be checked by the softening housing market.
I am left scratching my head as to why Senate Republicans would oppose this tax relief. What’s even more strange, 6 Republicans who voted for the bill in Committee--Steve Martin, Ken Stolle, Mark Obenshain, Harry Blevins, Ralph Smith, and Jill Vogel—changed their minds and voted to kill the bill on the Senate floor.
I believe it’s a mistake for our Party to ignore such an important issue in Northern Virginia. Like it or not, this region of the State can make or break a Republican candidate in a statewide election. They have been breaking a lot of them in recent years. Even Ken Cuccinelli, the lone Republican member of the Senate from NOVA, voted to kill it. I can’t imagine what would have motivated him to do so.