ID

446-011 (AAEC-118NP)

Authors as Published

Franklin A. Bruce, Jr., Department of Agricultural and Applied Economics, Project Associate, Use-value Program, Virginia Polytechnic Institute and State University and Gordon E. Groover, Department of Agricultural and Applied Economics, Extension Economist, Farm Management, Virginia Polytechnic Institute and State University

JPG- Methods and Procedures: Determining the Use Value of Agricultural and Horticultural Land in Virginia

This publication is available in a PDF file format only.

Virginia law allows for localities adopting a program of special assessments for agriculture, horticulture, forestry and/or open space lands for their land to be taxed based on the value of the land in one of these four uses (use value) instead of its market value. This document describes methods and procedures used to calculate use values for agriculture and horticulture land based on an income and rental rate approach.


Virginia Cooperative Extension materials are available for public use, reprint, or citation without further permission, provided the use includes credit to the author and to Virginia Cooperative Extension, Virginia Tech, and Virginia State University.

Issued in furtherance of Cooperative Extension work, Virginia Polytechnic Institute and State University, Virginia State University, and the U.S. Department of Agriculture cooperating. Edwin J. Jones, Director, Virginia Cooperative Extension, Virginia Tech, Blacksburg; M. Ray McKinnie, Administrator, 1890 Extension Program, Virginia State University, Petersburg.

Publication Date

August 3, 2016