                                 CODE OF VIRGINIA

REDUCED TAXATION ON REAL ESTATE IN TERRITORY ADDED TO CORPORATE LIMITS (§
15.2-3219)

The council of any city or town to which territory has been added may, by
ordinance, allow a lower rate of taxation to be imposed for a period not to
exceed ten years after the effective date of the annexation upon the real estate
or any portion thus added to its corporate limits, than is imposed on similar
property within its limits at the time such territory was added.
		Such differences in the rate of taxation hereafter shall be established
annually and shall bear a reasonable relationship to differences between
nonrevenue-producing governmental services giving land urban character which are
furnished in the area added as compared to other areas in the city or town.

HISTORY: 1970, c. 37, § 15.1-1047.1; 1971, Ex. Sess., c. 36; 1985, c. 478;
1997, c. 587.