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public opinion concerning what exemptions should be maintained, expanded or eliminated, and if expanded, how they should be financed.
Lowering of real property taxes to one per cent of market value (Proposition 13 in California) is expected to be a popular topic, A similar move in Virginia in 1976 would have affected 22 localities, which contain 45.2 per cent of the population of the state. Its effects would be heavily concentrated in the cities of Alexandria, Hampton, Newport News, Norfolk and Prince William.
The commission staff has compiled data on the real property tax from 1950 through 1976 for eastu locality, allowing a Comprehensive look at a specific locality over time as well as the state as a whole. The information indicates that from 1964 to 1976, the burden of the real property tax relative to income increased in only 39 localities,
79.7%