When a public service corporation or a political subdivision of the Commonwealth does not own both a tract, piece or parcel of land and the improvements thereon, including leasehold improvements owned by the lessee which are to be removed by the lessee at the end of the lease term, the land and such improvements may be assessed separately.
Va. Code Ann. § 58.1-3282
When land and improvements owned separately; how assessed
Code 1950, § 58-773.1; 1952, c. 229; 1984, c. 675; 1988, c. 280.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.