58.1-3374 - (Effective for tax years beginning before January 1, 2011) Qualifications of members; vacancies.
§ 58.1-3374. (Effective for tax years beginning before January 1, 2011)Qualifications of members; vacancies.
Except as provided in § 58.1-3371 or § 58.1-3373, every board of equalizationshall be composed of not less than three nor more than five members. Allmembers of every board of equalization shall be residents, a majority of whomshall be freeholders, in the county or city for which they are to serve andshall be selected from the citizens of the county or city. Appointments tothe board of equalization shall be broadly representative of the community.Thirty percent of the members of the board shall be commercial or residentialreal estate appraisers, other real estate professionals, builders,developers, or legal or financial professionals, and at least one such membershall sit in all cases involving commercial, industrial or multi-familyresidential property, unless waived by the taxpayer. No member of the boardof assessors shall be eligible for appointment to the board of equalizationfor the same reassessment. In order to be eligible for appointment, eachprospective member of such board shall attend and participate in the basiccourse of instruction given by the Department of Taxation under § 58.1-206.In addition, at least once in every four years of service on a board ofequalization, each member of a board of equalization shall take continuingeducation instruction provided by the Tax Commissioner pursuant to §58.1-206. Any vacancy occurring on any board of equalization shall be filledfor the unexpired term by the authority making the original appointment.
(Code 1950, § 58-899; 1979, c. 577; 1983, c. 304; 1984, c. 675; 1995, c. 24;2003, c. 1036; 2009, c. 25.)
§ 58.1-3374. (Effective for tax years beginning on or after January 1, 2011)Qualifications of members; vacancies.
Except as provided in § 58.1-3371 or 58.1-3373, every board of equalizationshall be composed of not less than three nor more than five members. Allmembers of every board of equalization shall be residents, a majority of whomshall be freeholders, in the county or city for which they are to serve andshall be selected from the citizens of the county or city. Appointments tothe board of equalization shall be broadly representative of the community.Thirty percent of the members of the board shall be commercial or residentialreal estate appraisers, other real estate professionals, builders,developers, or legal or financial professionals, and at least one such membershall sit in all cases involving commercial, industrial or multi-familyresidential property, unless waived by the taxpayer. No member of the boardof assessors shall be eligible for appointment to the board of equalizationfor the same reassessment. In order to be eligible for appointment, eachprospective member of such board shall attend and participate in the basiccourse of instruction given by the Department of Taxation under § 58.1-206.In addition, at least once in every four years of service on a board ofequalization, each member of a board of equalization shall take continuingeducation instruction provided by the Tax Commissioner pursuant to §58.1-206. Any vacancy occurring on any board of equalization shall be filledfor the unexpired term by the authority making the original appointment.
On any board or panel thereof considering appeals of commercial ormulti-family residential property in a locality with a population exceeding100,000, 30 percent of the members of such board or panel shall be commercialor multi-family residential real estate appraisers who are licensed andcertified by the Virginia Real Estate Appraiser Board to serve as generalreal estate appraisers, other commercial or multi-family real estateprofessionals or licensed commercial or multi-family real estate brokers,builders, developers, active members of the Virginia State Bar, or otherlegal or financial professionals who have knowledge of the valuation ofproperty, real estate transactions, building costs, accounting, finance, orstatistics. For the purposes of this section, commercial or multi-familyresidential property shall be defined as any property that is either operatedas or zoned for use as commercial, industrial or multi-family residentialrental property.
(Code 1950, § 58-899; 1979, c. 577; 1983, c. 304; 1984, c. 675; 1995, c. 24;2003, c. 1036; 2009, c. 25; 2010, c. 552.)