58.1-3253 - Biennial general reassessments; annual or biennial assessment.
§ 58.1-3253. Biennial general reassessments; annual or biennial assessment.
A. Notwithstanding any other provision of law, the governing body of anycounty or city having at least one full-time real estate appraiser orassessor qualified by the Tax Commissioner may provide by ordinance for thebiennial assessment and equalization of real estate in lieu of thereassessments required under this chapter. Any county or city employing suchmethod shall conduct a new reassessment of all real property biennially, butmay complete such reassessment during an entire two-year period, employingthe same standards of value for all appraisals made during such period.
B. In lieu of the method now prescribed by law, the governing body of anycounty or city may, by ordinance duly adopted, provide for the annualassessment and equalization of real estate for local taxation, or thebiennial assessment as authorized by subsection A. If so made, all realestate shall thereafter be assessed as of January 1 of each year, except asprovided in Chapter 30 of this subtitle.
(Code 1950, §§ 58-769.2, 58-778.1; 1966, c. 84; 1976, cc. 711, 717; 1979, c.577; 1984, c. 675; 2008, c. 540.)