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Code of Virginia (Last Updated:July 28, 2020) |
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TITLE 58.1. Taxation |
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SUBTITLE III. Local Taxes |
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CHAPTER 36. Tax Exempt Property |
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ARTICLE 3. Property Exempted By Classification on and After July 1, 1971 |
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SECTION 58.1-3620. Properties inundated by water |
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The governing body of any county, city or town may provide for the special assessment and valuation for purposes of taxation of all real property within its jurisdiction which is encumbered by a recorded perpetual easement permitting the inundation of such property by water. Code 1950, § 58-12.79; 1977, c. 479; 1978, c. 848; 1984, c. 675. |