Virginia Decodedhttps://vacode.org7954758.1-3620Properties inundated by water2025TaxationLocal TaxesTax Exempt PropertyProperty Exempted by Classification on and After July 1, 1971

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.