Code of Virginia (Last Updated:July 28, 2020) |
TITLE 55.1. Property and Conveyances |
SUBTITLE IV. Common Interest Communities |
CHAPTER 20. Horizontal Property Act |
ARTICLE 1. General Provisions |
SECTION 55.1-2001. Property taxes assessed on individual apartments |
Property taxes assessed by the Commonwealth or by any locality shall be assessed on and collected on the individual apartments and not on the property as a whole, or on the common elements. 1962, c. 627, § 14, § 55-79.14; 1966, c. 683; 2019, c. 712 . |