LIS

Administrative Code

Creating a Report: Check the sections you'd like to appear in the report, then use the "Create Report" button at the bottom of the page to generate your report. Once the report is generated you'll then have the option to download it as a pdf, print or email the report.

Virginia Administrative Code
Title 23. Taxation
Agency 10. Department of Taxation
Chapter 320. Recordation Tax Regulations
11/10/2024

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.

Website addresses provided in the Virginia Administrative Code to documents incorporated by reference are for the reader's convenience only, may not necessarily be active or current, and should not be relied upon. To ensure the information incorporated by reference is accurate, the reader is encouraged to use the source document described in the regulation.

As a service to the public, the Virginia Administrative Code is provided online by the Virginia General Assembly. We are unable to answer legal questions or respond to requests for legal advice, including application of law to specific fact. To understand and protect your legal rights, you should consult an attorney.