CHAPTER 631

An Act to amend the Code of Virginia by adding a section numbered
58-769.8, relating to the appointment of a board of real estate asses-
sors and a real estate appraiser in counties and cities and to define
their duties and compensation.
[H 1146]

Approved April 4, 1968

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding a new section num-
bered 58-769.3, as follows:

§ 58-769.3. In the event the commissioner of revenue, pursuant to
the provisions of § 58-769.2, will not consent to make an annual assess-
ment and equalization of real estate for local taxation in any county or
city, the governing body thereof may appoint a board of real estate asses-
sors consisting of three members, who shall be initially appointed as fol-
lows: one for a term of one year, one for a term of two years and one for
a term of three years. As the terms of the initial appointees expire, their
successors shall be appointed for terms of three years each. The com-
pensation of the members of the board shall be fixed by the governing
body. The board shall assess all real estate within the county or city on
an annual basis and transfer such assessment to the commissioner of
revenue. Prior to transferring the final assessment to the commissioner
of the revenue, the board shall give any real property owner whose prop-
erty has been assessed an opportunity to be heard. The right of appeal
provided in § 58-769.2 shall apply to this section.

In addition the governing body of such county or city may appoint
a real estate appraiser whose duty it shall be to assemble information con-
cerning real property in the county or city at the request of the board of
rea] estate assessors and prepare and preserve all records of the board
including the minutes of its meetings. The appraiser’s compensation shall
be fixed by the governing body.