CHAPTER 387
An Act to amend and reenact § 8.07, as amended, of Chapter 147 of the Acts of Assembly of 1962, which provided a charter for the City of Virginia Beach, relating to board of equalization; membership.
[S 262]
Approved April 4, 2024
Be it enacted by the General Assembly of Virginia:
1. That § 8.07, as amended, of Chapter 147 of the Acts of Assembly of 1962 is amended and reenacted as follows:
§ 8.07. Annual assessment of real estate.
The council may, in lieu of annual, biennial or triennial
assessment, reassessment and equalization of the methods prescribed by general
law, provide by ordinance for the assessments of real estate for local taxation
and to that end may appoint one or more persons as assessors to assess or
reassess for taxation the real estate within the city. Such assessors shall
make assessments and reassessments on the same basis as real estate is required
to be assessed under the provisions of general law and as of the first day of
July of each year in which such assessment, reassessment and equalization of
assessments is made, shall have the same authority as the assessors appointed
under the provisions of general law and shall be charged with duties similar to
those thereby imposed upon such assessors. The judges of the circuit court
shall annually appoint a board of equalization of real estate assessments to be
composed of four five members and one alternate who shall
be freeholders of the city. Such board of equalization shall have and may
exercise the powers to revise, correct and amend any assessment of real estate
and to that end shall have all powers conferred upon boards of equalization by
general law. The provisions of general law notwithstanding, the board of equalization
may adopt any regulations providing for the oral presentation, with formal
petitions or other pleadings of requests for review, and looking to the further
facilitation and simplification of proceeding before the board. This section
shall not apply to assessment of any real estate assessable by the State
Corporation Commission.