Code of Virginia

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Code of Virginia
Title 15.2. Counties, Cities and Towns
Chapter 75. Land Bank Entities Act

§ 15.2-7510. Exemption from taxes or assessments.

The land bank entity is hereby declared to be performing a public function on behalf of the locality with respect to which the land bank entity is created and to be a public instrumentality of such locality. Accordingly, the land bank entity shall not be required to pay any taxes upon any property acquired or used by the land bank entity under the provisions of the Act.

2016, cc. 159, 383.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.