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Code of Virginia (Title 58.1 — Taxation)

Va. Code § 58.1-3284

Assessment of standing timber trees owned by person who owns land surface; when owned separately

Official textlaw.lis.virginia.gov

# A.

When the land surface and standing timber trees are owned by the same person, the value of the land, inclusive of the standing timber trees, shall be ascertained and assessed at such ascertained value.

# B.

In any case when the surface of the land is owned by one person and the standing timber trees thereon are owned by another, the relative value of each shall be determined and the owners shall be assessed with the value of their respective interests.

Last amended: Code 1950, § 58-804; 1958, c. 314; 1970, c. 440; 1971, Ex. Sess., cc. 3, 172; 1975, c. 547; 1980, c. 360; 1984, c. 675.

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Nearby sections (25 sections)
  1. 58.1-3271 · Appointment of board of assessors and real estate appraiser…
  2. 58.1-3272 · How assessments made by board or assessor
  3. 58.1-3273 · Reserved
  4. 58.1-3274 · Establishment of department of real estate assessment;…
  5. 58.1-3275 · By whom reassessment made in cities and counties
  6. 58.1-3276 · Qualifications of assessors and appraisers; removal and…
  7. 58.1-3277 · Forms for general reassessment of real estate in counties,…
  8. 58.1-3278 · Department to render assistance
  9. 58.1-3280 · Assessment of values
  10. 58.1-3281 · When commissioner of the revenue to ascertain ownership of…
  11. 58.1-3282 · When land and improvements owned separately; how assessed
  12. 58.1-3283 · Assessment of airspace owned separately from subjacent land…
  13. 58.1-3284 · Assessment of standing timber trees owned by person who…
  14. 58.1-3284.1 · Assessment of lots and open spaces in certain planned…
  15. 58.1-3284.2 · Reassessment of residential property containing defective…
  16. 58.1-3284.3 · Wetlands to be specially and separately assessed
  17. 58.1-3285 · Assessment and reassessment of lots when subdivided or…
  18. 58.1-3286 · Mineral lands to be specially and separately assessed;…
  19. 58.1-3287 · Mineral lands and minerals to be included in general…
  20. 58.1-3288 · Assessment in name of "unknown owner."
  21. 58.1-3289 · Reserved
  22. 58.1-3290 · How land divided among several owners to be assessed
  23. 58.1-3291 · Valuation of repairs, additions and new buildings
  24. 58.1-3292 · Assessment of new buildings substantially completed, etc.;…
  25. 58.1-3292.1 · Assessment of new buildings substantially completed in a…
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