The Joint Subcommittee to Study the Equity of the Real Property Tax Imposed on Real Rental Property was created by House Joint Resolution No. 64 of 1978 and continued by House Joint Resolution No. 226 in 1979.  

The membership was composed of five members of the House Committee on Finance: Bernard G. Barrow, Virginia Beach, David G. Brickley, Woodbridge, C. D. Dunford, Tazewell, George W. Jones, Bon Air, and Warren G. Stambaugh, Arlington; three members of the Senate Committee on Finance: Peter K. Babalas, Norfolk, Omer L. Hirst, Annandale, William F. Parkerson, Henrico; and two citizen members: Ervin Hall, Richmond, and John B. Piper, Sr., Vienna. Delegate Stambaugh and Senator Hirst were elected Chairman and Vice-Chairman, respectively.

Staff assistance was provided by Jill M. Pope and John A. Garka, - Division of Legislative Services, and the Office of the Clerk of the House of Delegates.

RECOMMENDATION: The Joint Subcommittee makes no recommendation for change at the present time. The Joint Subcommittee does, however, wish to present its findings for information as to the methods of assessment utilized throughout the Commonwealth.