                                 CODE OF VIRGINIA

BIENNIAL GENERAL REASSESSMENTS; ANNUAL OR BIENNIAL ASSESSMENT (§ 58.1-3253)

A. Notwithstanding any other provision of law, the governing body of any county
or city having at least one full-time real estate appraiser or assessor
qualified by the Tax Commissioner may provide by ordinance for the biennial
assessment and equalization of real estate in lieu of the reassessments required
under this chapter. Any county or city employing such method shall conduct a new
reassessment of all real property biennially, but may complete such reassessment
during an entire two-year period, employing the same standards of value for all
appraisals made during such period.

B. In lieu of the method now prescribed by law, the governing body of any county
or city may, by ordinance duly adopted, provide for the annual assessment and
equalization of real estate for local taxation, or the biennial assessment as
authorized by subsection A. If so made, all real estate shall thereafter be
assessed as of January 1 of each year, except as provided in Chapter 30 of this
subtitle.

HISTORY: Code 1950, §§ 58-769.2, 58-778.1; 1966, c. 84; 1976, cc. 711, 717;
1979, c. 577; 1984, c. 675; 2008, c. 540.