The use value and fair market value of any qualifying property shall be placed on the land book before delivery to the Treasurer and the tax for the next succeeding tax year shall be extended from the use value. Continuation of valuation, assessment, and taxation based upon land use shall depend on continuance of the real estate in a qualifying use, continued payment of taxes as required in VA Code § 58.1-3235 and compliance with the other requirements of VA Code Title 58.1, Chapter 15, Article 1.1 and this subchapter, and not upon continuance in the same owner of title to the land.
(Ord. passed 5-10-1990; Ord. passed 4-14-2011; Ord. passed 4-13-2017)