                                 CODE OF VIRGINIA

LOCAL TAXATION OF LAND AND NONUTILITY AND NONCARRIER IMPROVEMENTS OF PUBLIC
SERVICE CORPORATIONS; OTHER PERSONS (§ 58.1-2609)

Whenever land and noncarrier and nonutility improvements of public service
corporations and other persons with property assessed pursuant to this chapter
are appraised for local taxation by comparison to the appraised values placed by
local assessors on similar properties in the taxing district, they shall be
assessed by application of the local stated ratio of assessments to appraisals,
and taxed at the rate applicable to other real property in the taxing district.
Such property is hereby defined as a separate item of taxation for such purpose
and shall be identified as a separate class of property for local taxation.

HISTORY: Code 1950, § 58-514.2:3; 1979, c. 160; 1984, c. 675; 1999, c. 971.