58.1-411 - Average value of property.
§ 58.1-411. Average value of property.
The average value of property shall be determined by averaging the value atthe beginning and ending of the taxable year, but the Department may requirethe averaging of monthly values during the taxable year if reasonablyrequired to reflect properly the average value of the corporation's property.
(Code 1950, § 58-151.044; 1971, Ex. Sess., c. 171; 1984, c. 675.)