{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-3201.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-3201.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-3201.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-3201.html"}],"law_id":69402,"edition_id":1,"section_id":69402,"structure_id":16476,"section_number":"58.1-3201","catch_line":"What real estate to be taxed; amount of assessment; public service corporation property","history":"Code 1950, \u00a7 58-760; 1982, c. 619; 1983, cc. 556, 570; 1984, c. 675; 1985, c. 30.","full_text":"All real estate, except that exempted by law, shall be subject to such annual taxation as may be prescribed by law.\n\t\tAll general reassessments or annual assessments in those localities which have annual assessments of real estate, except as otherwise provided in \u00a7 58.1-2604, shall be made at 100 percent fair market value and, except as provided in \u00a7 58.1-2608, the State Corporation Commission and the Department of Taxation shall certify public service corporation property to such county or city, with the exception of the nonoperating (noncarrier) property of railroads, on the basis of the assessment ratio as most recently determined and published by the Department of Taxation. The Department of Taxation shall, ten days after determining the assessment ratio, notify the locality of that determination and the basis on which the determination was made. Nonoperating (noncarrier) property of railroads shall be valued for assessment by the city or county in which it is located uniformly with similarly situated real estate in the same jurisdiction upon the best and most reliable information that can be procured. The Tax Commissioner shall determine which property is part of the operating unit of the railroads and which is nonoperating (noncarrier) property for purposes of the report described in \u00a7 58.1-2653. Such determination shall be made in accordance with the meaning of such terms in the Interstate Commerce Commission’s Uniform System of Accounts. The inclusion, or failure to include, property in such report described in \u00a7 58.1-2653 may be reviewed and redetermined by the Tax Commissioner at the request of any railroad, county, city, town or magisterial district.","order_by":null,"text":{"0":{"id":250993,"text":"All real estate, except that exempted by law, shall be subject to such annual taxation as may be prescribed by law.\n\t\tAll general reassessments or annual assessments in those localities which have annual assessments of real estate, except as otherwise provided in \u00a7 58.1-2604, shall be made at 100 percent fair market value and, except as provided in \u00a7 58.1-2608, the State Corporation Commission and the Department of Taxation shall certify public service corporation property to such county or city, with the exception of the nonoperating (noncarrier) property of railroads, on the basis of the assessment ratio as most recently determined and published by the Department of Taxation. The Department of Taxation shall, ten days after determining the assessment ratio, notify the locality of that determination and the basis on which the determination was made. Nonoperating (noncarrier) property of railroads shall be valued for assessment by the city or county in which it is located uniformly with similarly situated real estate in the same jurisdiction upon the best and most reliable information that can be procured. The Tax Commissioner shall determine which property is part of the operating unit of the railroads and which is nonoperating (noncarrier) property for purposes of the report described in \u00a7 58.1-2653. Such determination shall be made in accordance with the meaning of such terms in the Interstate Commerce Commission’s Uniform System of Accounts. The inclusion, or failure to include, property in such report described in \u00a7 58.1-2653 may be reviewed and redetermined by the Tax Commissioner at the request of any railroad, county, city, town or magisterial district.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16476,"edition_id":1,"name":"Taxable Real Estate","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":12997,"metadata":{},"date_created":"2026-06-26 04:20:08","date_modified":"2026-06-26 04:20:08","permalink":{"id":256889,"object_type":"structure","relational_id":16476,"identifier":"1","token":"58.1\/III\/32\/1","url":"\/58.1\/III\/32\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12997,"edition_id":1,"name":"Real Property Tax","identifier":"32","label":"chapter","depth":3,"order_by":1,"parent_id":12704,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":256887,"object_type":"structure","relational_id":12997,"identifier":"32","token":"58.1\/III\/32","url":"\/58.1\/III\/32\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12704,"edition_id":1,"name":"Local Taxes","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":256459,"object_type":"structure","relational_id":12704,"identifier":"III","token":"58.1\/III","url":"\/58.1\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":78692,"structure_id":16476,"section_number":"58.1-3200","catch_line":"Real estate subject to local taxation; taxable real estate defined; leaseholds","url":"\/58.1-3200\/","token":"58.1\/III\/32\/1\/58.1-3200","metadata":false},{"id":69402,"structure_id":16476,"section_number":"58.1-3201","catch_line":"What real estate to be taxed; amount of assessment; public service corporation property","url":"\/58.1-3201\/","token":"58.1\/III\/32\/1\/58.1-3201","metadata":false},{"id":74343,"structure_id":16476,"section_number":"58.1-3202","catch_line":"Taxation of certain multi-unit real estate","url":"\/58.1-3202\/","token":"58.1\/III\/32\/1\/58.1-3202","metadata":false},{"id":83715,"structure_id":16476,"section_number":"58.1-3203","catch_line":"Taxation of certain leasehold interests; concessions","url":"\/58.1-3203\/","token":"58.1\/III\/32\/1\/58.1-3203","metadata":false},{"id":78421,"structure_id":16476,"section_number":"58.1-3204","catch_line":"Lands acquired from United States, etc., when beneficial ownership held prior to January 1","url":"\/58.1-3204\/","token":"58.1\/III\/32\/1\/58.1-3204","metadata":false},{"id":87501,"structure_id":16476,"section_number":"58.1-3205","catch_line":"Assessment of real property where interest less than fee is held by public body; exemption of interest of public body from taxation","url":"\/58.1-3205\/","token":"58.1\/III\/32\/1\/58.1-3205","metadata":false}],"previous_section":{"id":78692,"structure_id":16476,"section_number":"58.1-3200","catch_line":"Real estate subject to local taxation; taxable real estate defined; leaseholds","url":"\/58.1-3200\/","token":"58.1\/III\/32\/1\/58.1-3200","metadata":false},"next_section":{"id":74343,"structure_id":16476,"section_number":"58.1-3202","catch_line":"Taxation of certain multi-unit real estate","url":"\/58.1-3202\/","token":"58.1\/III\/32\/1\/58.1-3202","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-3201\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1982, chapter 619; in 1983, chapters 556 and 570; in 1984, chapter 675; in 1985, chapter 30.<\/p>","references":[{"id":84322,"section_number":"58.1-2655","catch_line":"Assessment by Department and Commission","order_by":null,"url":"\/58.1-2655\/"},{"id":78183,"section_number":"58.1-3259","catch_line":"Failure of county or city to comply with law on general reassessment of real estate","order_by":null,"url":"\/58.1-3259\/"}],"refers_to":[{"id":64358,"section_number":"58.1-2604","catch_line":"Assessed valuation","order_by":null,"url":"\/58.1-2604\/"},{"id":84464,"section_number":"58.1-2608","catch_line":"State taxation of railroads, telecommunications companies","order_by":null,"url":"\/58.1-2608\/"},{"id":67106,"section_number":"58.1-2653","catch_line":"Annual report of railroads and freight car companies","order_by":null,"url":"\/58.1-2653\/"}],"permalink":{"id":256895,"object_type":"law","relational_id":69402,"identifier":"58.1-3201","token":"58.1\/III\/32\/1\/58.1-3201","url":"\/58.1-3201\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-3201\/","token":"58.1\/III\/32\/1\/58.1-3201","dublin_core":{"Title":"What real estate to be taxed; amount of assessment; public service corporation property","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-3201","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

All real estate, except that exempted by law<\/span>, shall be subject to such annual taxation as may be prescribed by law<\/span>.\n\t\tAll general reassessments or annual assessments in those localities which have annual assessments of real estate, except as otherwise provided in \u00a7 58.1-2604<\/a>, shall be made at 100 percent fair market value and, except as provided in \u00a7 58.1-2608<\/a>, the State Corporation Commission and the Department<\/span> of Taxation shall certify public service corporation property to such county or city, with the exception of the nonoperating (noncarrier) property of railroads, on the basis of the assessment ratio as most recently determined and published by the Department<\/span> of Taxation. The Department<\/span> of Taxation shall, ten days after determining the assessment ratio, notify the locality of that determination and the basis on which the determination was made. Nonoperating (noncarrier) property of railroads shall be valued for assessment by the city or county in which it is located uniformly with similarly situated real estate in the same jurisdiction<\/span> upon the best and most reliable information that can be procured. The Tax Commissioner<\/span> shall determine which property is part of the operating unit of the railroads and which is nonoperating (noncarrier) property for purposes of the report described in \u00a7 58.1-2653<\/a>. Such determination shall be made in accordance with the meaning of such terms in the Interstate Commerce Commission’s Uniform System of Accounts. The inclusion, or failure to include, property in such report described in \u00a7 58.1-2653<\/a> may be reviewed and redetermined by the Tax Commissioner<\/span> at the request of any railroad, county, city, town or magisterial district.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nWHAT REAL ESTATE TO BE TAXED; AMOUNT OF ASSESSMENT; PUBLIC SERVICE CORPORATION\nPROPERTY (\u00a7 58.1-3201)\n\nAll real estate, except that exempted by law, shall be subject to such annual\ntaxation as may be prescribed by law.\n\t\tAll general reassessments or annual assessments in those localities which have\nannual assessments of real estate, except as otherwise provided in \u00a7 58.1-2604,\nshall be made at 100 percent fair market value and, except as provided in \u00a7\n58.1-2608, the State Corporation Commission and the Department of Taxation shall\ncertify public service corporation property to such county or city, with the\nexception of the nonoperating (noncarrier) property of railroads, on the basis\nof the assessment ratio as most recently determined and published by the\nDepartment of Taxation. The Department of Taxation shall, ten days after\ndetermining the assessment ratio, notify the locality of that determination and\nthe basis on which the determination was made. Nonoperating (noncarrier)\nproperty of railroads shall be valued for assessment by the city or county in\nwhich it is located uniformly with similarly situated real estate in the same\njurisdiction upon the best and most reliable information that can be procured.\nThe Tax Commissioner shall determine which property is part of the operating\nunit of the railroads and which is nonoperating (noncarrier) property for\npurposes of the report described in \u00a7 58.1-2653. Such determination shall be\nmade in accordance with the meaning of such terms in the Interstate Commerce\nCommission’s Uniform System of Accounts. The inclusion, or failure to\ninclude, property in such report described in \u00a7 58.1-2653 may be reviewed and\nredetermined by the Tax Commissioner at the request of any railroad, county,\ncity, town or magisterial district.\n\nHISTORY: Code 1950, \u00a7 58-760; 1982, c. 619; 1983, cc. 556, 570; 1984, c. 675;\n1985, c. 30.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}