Virginia Real Property Tax Assessment Procedure: Mandates, Options, and the Legal Landscape in Between

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

Due to the significant autonomy of its counties, cities, and towns, Virginia has a somewhat baffling set of real property tax assessment procedures. In this article, Shane Smith of Williams Mullen summarizes both the general rules that can be gleaned from state statutes and the potential pitfalls the statutes create for the unwary due to assessment procedure options available to some (but not necessarily all) localities.