§ 58.1-3287. Mineral lands and minerals to be included in generalreassessment of real estate.
Notwithstanding § 58.1-3286, whenever there is a general reassessment of realestate in any county or city, mineral lands and minerals shall be included inthe general reassessment, but shall be separately assessed from other realestate, and the assessor or assessors shall be governed by the provisions of§ 58.1-3286 in making the assessment. Taxes for each year on the minerallands and minerals assessed under this section shall be extended by thecommissioner of the revenue on the basis of the last general reassessmentmade prior to such year, subject to such changes as may be made by him inperforming his annual duties under § 58.1-3286. In performing such annualduties he shall adjust the assessed values in such manner as to reflect suchchanges as may have occurred during the preceding year, especially suchchanges as may have operated to increase or decrease (i) the area and thevalue of such portion of each tract as is improved and under development,(ii) the value of the improvements upon each tract, and (iii) the area andvalue of such portion of each tract as shall not be under development.
Every county in which there are mineral lands shall have a generalreassessment of real estate in the year prescribed by law, even though thegreater part of the area of the county consists of mineral lands.
The Department shall render advisory aid and assistance of a technical natureto the assessor or assessors, in making a general reassessment of minerallands and minerals, upon request of the governing body of the county or city,or to the commissioner of the revenue, upon his request, provided moneys areavailable to the Department to defray the cost thereof.
(Code 1950, § 58-774.2; 1950, p. 1269; 1964, c. 296; 1983, c. 304; 1984, c.675.)
§ 58.1-3287. Mineral lands and minerals to be included in generalreassessment of real estate.
Notwithstanding § 58.1-3286, whenever there is a general reassessment of realestate in any county or city, mineral lands and minerals shall be included inthe general reassessment, but shall be separately assessed from other realestate, and the assessor or assessors shall be governed by the provisions of§ 58.1-3286 in making the assessment. Taxes for each year on the minerallands and minerals assessed under this section shall be extended by thecommissioner of the revenue on the basis of the last general reassessmentmade prior to such year, subject to such changes as may be made by him inperforming his annual duties under § 58.1-3286. In performing such annualduties he shall adjust the assessed values in such manner as to reflect suchchanges as may have occurred during the preceding year, especially suchchanges as may have operated to increase or decrease (i) the area and thevalue of such portion of each tract as is improved and under development,(ii) the value of the improvements upon each tract, and (iii) the area andvalue of such portion of each tract as shall not be under development.
Every county in which there are mineral lands shall have a generalreassessment of real estate in the year prescribed by law, even though thegreater part of the area of the county consists of mineral lands.
The Department shall render advisory aid and assistance of a technical natureto the assessor or assessors, in making a general reassessment of minerallands and minerals, upon request of the governing body of the county or city,or to the commissioner of the revenue, upon his request, provided moneys areavailable to the Department to defray the cost thereof.
(Code 1950, § 58-774.2; 1950, p. 1269; 1964, c. 296; 1983, c. 304; 1984, c.675.)
§ 58.1-3287. Mineral lands and minerals to be included in generalreassessment of real estate.
Notwithstanding § 58.1-3286, whenever there is a general reassessment of realestate in any county or city, mineral lands and minerals shall be included inthe general reassessment, but shall be separately assessed from other realestate, and the assessor or assessors shall be governed by the provisions of§ 58.1-3286 in making the assessment. Taxes for each year on the minerallands and minerals assessed under this section shall be extended by thecommissioner of the revenue on the basis of the last general reassessmentmade prior to such year, subject to such changes as may be made by him inperforming his annual duties under § 58.1-3286. In performing such annualduties he shall adjust the assessed values in such manner as to reflect suchchanges as may have occurred during the preceding year, especially suchchanges as may have operated to increase or decrease (i) the area and thevalue of such portion of each tract as is improved and under development,(ii) the value of the improvements upon each tract, and (iii) the area andvalue of such portion of each tract as shall not be under development.
Every county in which there are mineral lands shall have a generalreassessment of real estate in the year prescribed by law, even though thegreater part of the area of the county consists of mineral lands.
The Department shall render advisory aid and assistance of a technical natureto the assessor or assessors, in making a general reassessment of minerallands and minerals, upon request of the governing body of the county or city,or to the commissioner of the revenue, upon his request, provided moneys areavailable to the Department to defray the cost thereof.
(Code 1950, § 58-774.2; 1950, p. 1269; 1964, c. 296; 1983, c. 304; 1984, c.675.)
