§ 58.1-3221.1. Classification of land and improvements for tax purposes
A. In the City of Fairfax and the City of Roanoke improvements to real property are declared to be a separate class of property and shall constitute a separate classification for local taxation of real property.
B. The governing body of the City of Fairfax and the City of Roanoke, after giving public notice and an opportunity for the public to be heard in the manner provided in § 58.1-3007, may levy a tax on the property enumerated in subsection A at a different rate than the tax imposed upon the land on which it is located, provided that the rate of tax on the property described in subsection A shall not be zero and shall not exceed the rate of tax on the land on which it is located.
C. Nothing in this section shall be construed to permit the City of Fairfax or the City of Roanoke to alter in any way its valuation of real property covered by this section.
(2002, c. 16; 2003, c. 164.)
Sections: Previous 58.1-3219.2 58.1-3219.3 58.1-3219.4 58.1-3220 58.1-3220.01 58.1-3220.1 58.1-3221 58.1-3221.1 58.1-3221.2 58.1-3221.3 58.1-3222 58.1-3223 58.1-3224 58.1-3225 58.1-3226 NextLast modified: April 16, 2009