Chap. 297.—An ACT authorizing cities containing not less than one hundred and
twenty-five thousand nor more than one hundred and fifty thousand population,
according to the last preceding United States census, to provide for the annual
assessment and equalization of assessments of real estate. [IS B 324]

Approved March 24, 1932

1. Be it enacted by the general assembly of Virginia, That in cities
containing not less than one hundred and twenty-five thousand nor
more than one hundred and fifty thousand inhabitants according to the
last preceding United States census, the council or other governing
body of such cities may, in its discretion, in lieu of the method now
prescribed by law, provide for the annual assessment and equalization
of assessments of real estate for local taxation, and to that end may
request the circuit court of such cities, or the judge thereof in vacation,
to appoint three persons to assess such real estate and to equalize such
assessments. Upon such request, such court or judge shall appoint for
the purpose three persons who shall each receive the same compensation
and not be employed by the city in any other capacity. Such council
or other governing body may prescribe the duties and terms of office
of the persons so elected or appointed, and fix their compensation,
which shall be paid out of the local treasury. Such council or other
governing body may likewise provide for such clerical assistance and
other expenses as may be properly incident thereto.

2. That all such real estate shall be assessed at its fair market
value; and taxes for each year on such real estate shall be extended on
the basis of the last assessment made prior to such year, subject to
such changes as may have been lawfully made.

3. That any person or any such city aggrieved by any such assess-
ment may apply for relief in the manner provided by section four
hundred and fourteen of the Tax Code of Virginia.

4, That this act shall not apply to the assessment of any real estate
assessable under the law by the State corporation commission.

5. That all acts and parts of acts relating to the assessment of real
estate in cities not in conflict with the provisions of this act shall apply
to the assessments made pursuant to this act, and that all acts or parts
of acts in conflict herewith are hereby repealed.