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Virginia Administrative Code
Title 23. Taxation
Agency 10. Department of Taxation
Chapter 320. Recordation Tax Regulations
12/22/2024

23VAC10-320-120. Taxation of instruments relating to property located in more than one jurisdiction.

A. When a deed conveys real estate located in two separate jurisdictions, the formula for prorating the local tax is:

$1,000,000 (Property in jurisdiction #1)

x $1,575.00 (State recordation tax) ÷ 1/3

$1,050,000 (Total property conveyed)

= $500 (Local tax for jurisdiction #1)

$50,000 (Property in jurisdiction #2)

x $1,575.00 (State recordation tax) ÷ 1/3

$1,050,000 (Total property conveyed)

= $25 (Local tax for jurisdiction #2)

B. The formula for the local tax on a deed of trust conveying property located in two jurisdictions is:

Value of property in jurisdiction #1

x Total debt x Rate of tax = State recordation tax ÷ 1/3

Total value of all property

= Local tax for jurisdiction #1

Value of property in jurisdiction #2

x Total debt x Rate of tax = State recordation tax ÷ 1/3

Total value of all property

= Local tax for jurisdiction #2

Statutory Authority

§§ 58.1-203, 58.1-814 and 58.1-3800 of the Code of Virginia.

Historical Notes

Derived from VR630-14-3801, eff. January 1, 1985.

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