Published by the State Land Evaluation Advisory Council
In 1971, the Virginia General Assembly enacted a law permitting localities to adopt a program of special assessments for agricultural, horticultural, forest and open space lands (Sections 58.1-3229 through 58.1-3244 of the Code of Virginia). While the purpose language originally outlined in Section 58.1-3229 has since been removed, as established at that time, the purpose of the program was stated as the following: Continue reading
By Frances S. Dowd, Research Assistant, Agricultural and Applied Economics, Virginia Tech, Franklin A. Bruce Jr., and Gordon E. Groover
Virginia law allows for localities adopting a program of special assessments for agriculture, horticulture, forestry, and/or open space lands for their land to be taxed based on the value of the land in one of these four uses (use value) instead of its market value. This document provides answers to questions frequently asked by landowners, taxpayers, state and local governments, and nongovernmental agencies about how the use value assessment program is established by localities and administered. Detailed explanations and current use values can be found by accessing the website http://usevalue.agecon.vt.edu/.
Guidance on the current land rental/lease rates for farmland in Virginia is one of the most frequent calls many agents and specialists receive over the years. Annually USDA National Agricultural Statistical Service (NASS) released cash rental rates for irrigated and non-irrigated cropland and pastureland for Virginia counties and cities. The report titled 2012 NASS Cropland and Pastureland Rental Rates authored by Lex Bruce and Gordon Groover can be found at http://www.pubs.ext.vt.edu/AAEC/AAEC-44/AAEC-44_PDF.pdf.