                                 CODE OF VIRGINIA

REASSESSMENT OF RESIDENTIAL PROPERTY CONTAINING DEFECTIVE DRYWALL (§
58.1-3284.2)

A. As used in this section, &#8220;defective drywall&#8221; means the same as
that term is defined in &#xA7; 36-156.1.

B. An owner of residential property containing defective drywall may request the
commissioner of the revenue or other assessing official where the property is
located to reassess the property. After confirmation by the local building
official of the presence of defective drywall in accordance with subsection C,
the commissioner of the revenue or other assessing official shall (i) determine
the amount by which the defective drywall has reduced the assessed value of the
property, (ii) provide written notice to the owner of the reduction in value,
and (iii) reassess the value of the property accordingly.

C. The local building official shall confirm the presence of defective drywall
only after a review of the test results submitted to him from a testing agency
that is approved by the building official and procured by the owner of the
residential property.

D. The local governing body may, by ordinance, designate the residential
property containing defective drywall as a rehabilitation district for purposes
of granting the owner a partial real estate tax exemption pursuant to &#xA7;
58.1-3219.4.

HISTORY: 2011, cc. 34, 46.