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2000 SESSION
002429744Be it enacted by the General Assembly of Virginia:
1. That § 58.1-3222 of the Code of Virginia is amended and reenacted as follows:
§ 58.1-3222. Abatement of levies on buildings razed, destroyed or damaged by fortuitous happenings.
The governing body of any county or city may provide for the abatement of
levies on buildings which are (i) razed, or (ii) destroyed or damaged by a
fortuitous happening beyond the control of the owner. In any county or city
wherein assessments are made as provided in § 58.1-3292, the governing body
shall so provide. No such abatement, however, shall be allowed if the destruction or
damage to such building shall decrease the value thereof by less than $500.
Also, no such abatement shall be allowed if such unless the destruction or
damage shall be repaired renders the building unfit for use and occupancy for
thirty days or more during the same calendar year assessment cycle in which it
occurred. The tax on such razed, destroyed or damaged building is computed according to the ratio which the
portion of the year the building was fit for use, occupancy and enjoyment bears to the entire year.
Application for such abatement shall be made by or on behalf of the owner of
the building within six months of the date on which the building was razed,
destroyed or damaged.