CHAPTER 515

An Act to amend and reenact § 58-772.1, as amended, of the Code of
Virginia, relating to the assessment and reassessment of certain real
property.

[fH 2381]

Approved April 5, 1954
Be it enacted by the General Assembly of Virginia:

1. That § 58-772.1, as amended, of the Code of Virginia be amended and
reenacted as follows:

§ 58-772.1. Whenever a tract of land is subdivided into lots under
the provisions of law, and plats thereof are recorded, subsequent to any
general reassessment of real estate in the city or county in which such
real estate is situated made in the year nineteen hundred and * fifty-four
or thereafter, each lot in such subdivision shall be assessed and shown
separately upon the land books, as required by law; and the commissioner
of the revenue, in assessing each such lot, shall assess the same at fair
market value as of the first day of January of the year next succeeding
the year in which such plat is recorded, without regard to the value at
which such tract of land was assessed as acreage but with regard to other
assessments of lots in such city or county, and such assessment shall stand
until the next general reassessment of real estate in such city or county.
The commissioner of the revenue shall also assess or reassess, as required,
any lot, tract, piece or parcel of land which has been rezoned, reclassified
or as to which any exception has been made, by the zoning authorities of
the county. Further, the commissioner of the revenue shall assess or
reassess, as required, any lot, tract, piece or parcel of land upon or to
which improvements have been made, such as hardsurfacing of streets
or roadways, installation of curbs, gutters, sidewalks and utilities, any one
or all of which may add to the fair market value, which assessment shall
be made with regard to other assessments of lots, tracts, pieces or parcels
of land in the city or county. To such end the commissioner of the revenue
shall be supplied by the city or county with the necessary data and records
to indicate any such rezoning, reclassification, * exception and/or improve-
ment. But any person aggrieved by any such assessment made by a com-
missioner of the revenue may apply for a correction of the same within
the time and in the manner prescribed by §§ 58-1145 to 58-1151 of the
Code of Virginia. :