                                 CODE OF VIRGINIA

USE OF JULY 1 AS EFFECTIVE DATE OF ASSESSMENT (§ 58.1-3011)

The governing body of any county, city or town may provide by ordinance that all
taxable real estate or personal property and machinery and tools therein be
assessed as of July 1 of each year, any other provision of law, general and
special, including the provisions of the charter of any city or town, to the
contrary notwithstanding. In any such locality, public service corporation
property shall continue to be assessed at its value as of January 1, prior to
such assessment date. Any ordinance adopting a July 1 tax day for personal
property as authorized hereunder shall require that a prorated refund or credit
of personal property tax be given for that portion of the tax year during which
the property was legally assessed by another jurisdiction in the Commonwealth
and the tax paid. Any locality providing for the taxation of certain property on
a proportional monthly or quarterly basis as authorized by general law or
special act shall provide for a refund or credit of personal property tax for
any tax year or portion thereof during which the property was legally assessed
by another jurisdiction in the Commonwealth and the tax paid.

HISTORY: Code 1950, § 58-851.7; 1966, c. 380; 1974, c. 294; 1978, c. 692; 1979,
c. 576; 1984, c. 675.