58.1-3360 - Credit on current year's taxes when land acquired by United States, the Commonwealth, a political subdivision, or a church or religious body.
§ 58.1-3360. Credit on current year's taxes when land acquired by UnitedStates, the Commonwealth, a political subdivision, or a church or religiousbody.
Any taxpayer whose lands, or any portion thereof, are in any year acquired ortaken in any manner by the United States, the Commonwealth, a politicalsubdivision, or a church or religious body, which is exempt from taxation byArticle X, Section 6 of the Constitution of Virginia, shall be relieved fromthe payment of taxes and levies from the date of divestment of such land forthat portion of the year in which the property was taken or acquired. Thecounty treasurers as to land situated in counties and the city treasurers andcity collectors as to lands situated in cities shall receive from and receiptto the original owner of the lands so taken, for his proportionate part ofthe taxes and levies for the year and credit the payment on the tax ticketsand shall return at the same time he makes his return of lands and lotsimproperly assessed, as required by law, the proportional part of the taxesand levies exonerated from taxation for any such year, indicating on themargin of the list the date on which the property was acquired by thegovernment or religious body. Such list, when approved by the properauthorities, shall be considered as a credit to any such treasurer orcollector in the settlement of the accounts for such year.
(Code 1950, §§ 58-818, 58-822; 1960, c. 58; 1962, c. 149; 1971, Ex. Sess., c.47; 1984, c. 675.)