Property Tax Alert: Virginia

April 2007

For local Virginia real property tax purposes, a separate classification has been created for certain energy-efficient buildings. Localities are authorized to tax energy-efficient buildings at a lower tax rate than that imposed on the general class of real property. An energy-efficient building is any building that exceeds the energy-efficiency standards prescribed in the Virginia Uniform Statewide Building Code by 30%. The land on which energy-efficient buildings are located is not part of this separate classification.

Please contact Rash & Associates for more information.