                                 CODE OF VIRGINIA

CLASSIFICATION OF CERTAIN HISTORICAL BUILDINGS FOR TAX PURPOSES (§ 58.1-3221.5)

Buildings that are individually listed on the Virginia Landmarks Register, not
including the real estate or land on which they are located, are hereby declared
to be a separate class of property and shall constitute a classification for
local taxation separate from other classifications of real property. The
governing body of any county, city, or town may, by ordinance, levy a tax on the
value of such buildings at a different rate from that of tax levied on other
real property, so long as the building is maintained in a condition such that it
retains the characteristics for which it was listed on the Virginia Landmarks
Register. The rate of tax imposed by any county, city, or town on such buildings
shall not exceed that applicable to the general class of real property.

HISTORY: 2011, cc. 571, 581.