58.1-801 - Deeds generally; charter amendments. - Virginia Statutes

§ 58.1-801. Deeds generally; charter amendments.

A. On every deed admitted to record, except a deed exempt from taxation bylaw, there is hereby levied a state recordation tax. The rate of the taxshall be 25 cents on every $100 or fraction thereof of the consideration ofthe deed or the actual value of the property conveyed, whichever is greater.

Upon deeds conveying property lying partly within the Commonwealth and partlywithout the Commonwealth, the tax herein imposed shall apply only to thevalue of so much of the property conveyed as is situated within theCommonwealth.

B. When the charter of a corporation is amended, and the only effect of suchamendment is to change the corporate name of such corporation, the tax uponthe recordation of a deed conveying to, or vesting in, such corporation underits changed name, the title to any or all of the real or personal property ofsuch corporation held in its name as it existed immediately prior to suchamendment, shall be 50 cents.

(Code 1950, § 58-54; 1968, c. 778; 1970, c. 772; 1984, c. 675; 2004, Sp.Sess. I, c. 3.)