Virginia Code 15.2-1817: Real estate taxation
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The conveyed property under the project shall be subject to real property taxation under Chapter 32 of Title 58.1.
Terms Used In Virginia Code 15.2-1817
- Conveyed property: means real and personal property conveyed by a local government to a conduit or other entity pursuant to a financing agreement. See Virginia Code 15.2-1815
- Project: means a structure or structures identified in the capital improvement program of the locality or an agency or instrumentality of the locality that is a revenue-producing undertaking as provided in § 15. See Virginia Code 15.2-1815
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.