2006 Code of Virginia § 58.1-3293 - Building, etc., when damaged or destroyed, value to be reduced

58.1-3293. Building, etc., when damaged or destroyed, value to be reduced.

When from natural decay or other causes any previously assessed building andenclosure as aforesaid, is either wholly destroyed or reduced in value below$100, the commissioner shall deduct from the charge against the owner thevalue at which such building and enclosure may have been assessed; and if thevalue of the building has been impaired by violence to the extent of $100 ormore, the commissioner shall assess the building in its present condition andreduce the charge for the same to the amount so assessed. When any timberlandheretofore assessed, the owner of the timber on which is also the owner ofthe land, is reduced in value to the extent of $200 or more by the removal ofthe timber therefrom, the commissioner shall assess the land in its thenpresent condition and reduce the charge for the same to the amount soassessed.

(Code 1950, 58-813; 1984, c. 675.)