58.1-3282 - When land and improvements owned separately; how assessed. - Virginia Statutes

§ 58.1-3282. When land and improvements owned separately; how assessed.

When a public service corporation or a political subdivision of theCommonwealth does not own both a tract, piece or parcel of land and theimprovements thereon, including leasehold improvements owned by the lesseewhich are to be removed by the lessee at the end of the lease term, the landand such improvements may be assessed separately.

(Code 1950, § 58-773.1; 1952, c. 229; 1984, c. 675; 1988, c. 280.)