Code of Virginia (Title 58.1 — Taxation)
Va. Code § 58.1-3236
Valuation of real estate under ordinance
# A.
In valuing real estate for purposes of taxation by any county, city or town which has adopted an ordinance pursuant to this article, the commissioner of the revenue or duly appointed assessor shall consider only those indicia of value which such real estate has for agricultural, horticultural, forest or open space use, and real estate taxes for such jurisdiction shall be extended upon the value so determined. In addition to use of his personal knowledge, judgment and experience as to the value of real estate in agricultural, horticultural, forest or open space use, he shall, in arriving at the value of such land, consider available evidence of agricultural, horticultural, forest or open space capability, and the recommendations of value of such real estate as made by the State Land Evaluation Advisory Council.
# B.
In determining the total area of real estate actively devoted to agricultural, horticultural, forest or open space use there shall be included the area of all real estate under barns, sheds, silos, cribs, greenhouses, public recreation facilities and like structures, lakes, dams, ponds, streams, irrigation ditches and like facilities; but real estate under, and such additional real estate as may be actually used in connection with, the farmhouse or home or any other structure not related to such special use, shall be excluded in determining such total area.
# C.
All structures which are located on real estate in agricultural, horticultural, forest or open space use and the farmhouse or home or any other structure not related to such special use and the real estate on which the farmhouse or home or such other structure is located, together with the additional real estate used in connection therewith, shall be valued, assessed and taxed by the same standards, methods and procedures as other taxable structures and other real estate in the locality.
# D.
In addition, such real estate in agricultural, horticultural, forest or open space use shall be evaluated on the basis of fair market value as applied to other real estate in the taxing jurisdiction, and land book records shall be maintained to show both the use value and the fair market value of such real estate.
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Nearby sections (25 sections)
- 58.1-3226.1 · Release of lien on portion of real estate upon payment of…
- 58.1-3227 · Proration of delinquent taxes after purchase of part of…
- 58.1-3228 · Release of delinquent tax lien to facilitate a conveyance…
- 58.1-3228.1 · Partial exemption from real property taxes for flood…
- 58.1-3228.2 · Repealed
- 58.1-3229 · Repealed
- 58.1-3230 · Special classifications of real estate established and…
- 58.1-3231 · Authority of counties, cities and towns to adopt…
- 58.1-3232 · Authority of city to provide for assessment and taxation of…
- 58.1-3233 · Determinations to be made by local officers before…
- 58.1-3234 · Application by property owners for assessment, etc., under…
- 58.1-3235 · Removal of parcels from program if taxes delinquent
- 58.1-3236 · Valuation of real estate under ordinance
- 58.1-3237 · Change in use or zoning of real estate assessed under…
- 58.1-3237.1 · Authority of counties to enact additional provisions…
- 58.1-3238 · Failure to report change in use; misstatements in…
- 58.1-3239 · State Land Evaluation Advisory Committee continued as State…
- 58.1-3240 · Duties of Director of the Department of Conservation and…
- 58.1-3241 · Separation of part of real estate assessed under ordinance;…
- 58.1-3242 · Taking of real estate assessed under ordinance by right of…
- 58.1-3242.1 · Forest Sustainability Fund
- 58.1-3243 · Application of other provisions of Title 58.1
- 58.1-3244 · Article not in conflict with requirements for preparation…
- 58.1-3245 · Definitions
- 58.1-3245.1 · Blighted areas constitute public danger