When land and improvements owned separately; how assessed

Va. Code Ann. § 58.1-3282
in effect
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When a public service corporation or a political subdivision of the Commonwealth does not own both a tract, piece or parcel of land and the improvements thereon, including leasehold improvements owned by the lessee which are to be removed by the lessee at the end of the lease term, the land and such improvements may be assessed separately. Code 1950, § 58-773.1; 1952, c. 229; 1984, c. 675; 1988, c. 280.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/58.1-3282/Fetched: 10/16/2026

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