ID

446-011 (AAEC-215P)

Authors as Published

Jennifer S. Friedel, Director, Virginia Land Use-Value Assessment Program Assistant Professor of Practice, Department of Agricultural and Applied Economics, Virginia Tech; and Patrick H. Kayser, Analyst, Virginia Land Use-Value Assessment Program, Department of Agricultural and Applied Economics, Virginia Tech

This publication is available as a PDF 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.

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Publication Date

August 21, 2020