{"law_id":"777715","section_number":"58.1-2607","catch_line":"Local taxation of real and tangible personal property of railroads","history":"Code 1950, \u00a7\u00a7 58-514.2:2, 58-522; 1972, c. 813; 1978, c. 784; 1979, c. 160; 1983, c. 570; 1984, c. 675.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/58.1-2607\/","refers_to":[{"id":"767857","section_number":"58.1-2604","catch_line":"Assessed valuation","url":"\/58.1-2604\/"},{"id":"790790","section_number":"58.1-2606","catch_line":"Local taxation of real and tangible personal property of public service corporations; other persons","url":"\/58.1-2606\/"},{"id":"777178","section_number":"58.1-2609","catch_line":"Local taxation of land and nonutility and noncarrier improvements of public service corporations; other persons","url":"\/58.1-2609\/"}],"url":"\/58.1-2607\/","token":"58.1\/II\/26\/1\/58.1-2607","structure":{"1":{"id":"1402","name":"General Provisions","identifier":"1","label":"article","url":"\/58.1\/II\/26\/1\/"},"2":{"id":"1401","name":"Taxation Of Public Service Corporations","identifier":"26","label":"chapter","url":"\/58.1\/II\/26\/"},"3":{"id":"107","name":"Taxes Administered By Other Agencies","identifier":"II","label":"subtitle","url":"\/58.1\/II\/"},"4":{"id":"1","name":"Taxation","identifier":"58.1","label":"title","url":"\/58.1\/"}},"referred_to_by":[{"id":"777715","section_number":"58.1-2607","catch_line":"Local taxation of real and tangible personal property of railroads","url":"\/58.1-2607\/"},{"id":"794609","section_number":"58.1-2690","catch_line":"No state or local tax on intangible personal property or money; local levies and license taxes","url":"\/58.1-2690\/"}],"edition_id":"11","section_id":"777715","structure_id":"1402","full_text":"A Notwithstanding the provisions of \u00a7\u00a7 58.1-2604 and 58.1-2606, and beginning with assessments initially effective January 1, 1980, all assessments of real estate and tangible personal property of railroads shall be made by application of the local assessment ratio prevailing in such taxing district for other real estate as determined or published by the Department, except that land and noncarrier property shall be assessed as provided in \u00a7 58.1-2609.\r\rB The real estate and tangible personal property (other than the rolling stock) of every railway company, but not its franchise, shall be assessed on the valuation fixed by the Department and shall be taxed by a county, city, town, and magisterial district at the real estate tax rate applicable in such respective locality.\r\r","text":{"0":{"id":"2507867","text":"Notwithstanding the provisions of \u00a7\u00a7 58.1-2604 and 58.1-2606, and beginning with assessments initially effective January 1, 1980, all assessments of real estate and tangible personal property of railroads shall be made by application of the local assessment ratio prevailing in such taxing district for other real estate as determined or published by the Department, except that land and noncarrier property shall be assessed as provided in \u00a7 58.1-2609.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1},"1":{"id":"2507868","text":"The real estate and tangible personal property (other than the rolling stock) of every railway company, but not its franchise, shall be assessed on the valuation fixed by the Department and shall be taxed by a county, city, town, and magisterial district at the real estate tax rate applicable in such respective locality.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1}},"ancestry":{"1":{"id":"1402","name":"General Provisions","identifier":"1","label":"article","url":"\/58.1\/II\/26\/1\/"},"2":{"id":"1401","name":"Taxation Of Public Service Corporations","identifier":"26","label":"chapter","url":"\/58.1\/II\/26\/"},"3":{"id":"107","name":"Taxes Administered By Other Agencies","identifier":"II","label":"subtitle","url":"\/58.1\/II\/"},"4":{"id":"1","name":"Taxation","identifier":"58.1","label":"title","url":"\/58.1\/"}},"structure_contents":{"0":{"id":"775449","structure_id":"1402","section_number":"58.1-2600","catch_line":"Definitions","url":"\/58.1-2600\/","token":"58.1\/II\/26\/1\/58.1-2600"},"1":{"id":"786743","structure_id":"1402","section_number":"58.1-2601","catch_line":"Boundaries of certain political units to be furnished company, Commission and Department","url":"\/58.1-2601\/","token":"58.1\/II\/26\/1\/58.1-2601"},"2":{"id":"766346","structure_id":"1402","section_number":"58.1-2602","catch_line":"Local authorities to examine assessments and inform Department or Commission whether correct","url":"\/58.1-2602\/","token":"58.1\/II\/26\/1\/58.1-2602"},"3":{"id":"780678","structure_id":"1402","section_number":"58.1-2603","catch_line":"Local levies to be extended by commissioners of the revenue; copies; forms","url":"\/58.1-2603\/","token":"58.1\/II\/26\/1\/58.1-2603"},"4":{"id":"767857","structure_id":"1402","section_number":"58.1-2604","catch_line":"Assessed valuation","url":"\/58.1-2604\/","token":"58.1\/II\/26\/1\/58.1-2604"},"5":{"id":"771788","structure_id":"1402","section_number":"58.1-2605","catch_line":"Repealed","url":"\/58.1-2605\/","token":"58.1\/II\/26\/1\/58.1-2605"},"6":{"id":"790790","structure_id":"1402","section_number":"58.1-2606","catch_line":"Local taxation of real and tangible personal property of public service corporations; other persons","url":"\/58.1-2606\/","token":"58.1\/II\/26\/1\/58.1-2606"},"7":{"id":"777715","structure_id":"1402","section_number":"58.1-2607","catch_line":"Local taxation of real and tangible personal property of railroads","url":"\/58.1-2607\/","token":"58.1\/II\/26\/1\/58.1-2607"},"8":{"id":"779629","structure_id":"1402","section_number":"58.1-2608","catch_line":"State taxation of railroads, telecommunications companies","url":"\/58.1-2608\/","token":"58.1\/II\/26\/1\/58.1-2608"},"9":{"id":"777178","structure_id":"1402","section_number":"58.1-2609","catch_line":"Local taxation of land and nonutility and noncarrier improvements of public service corporations; other persons","url":"\/58.1-2609\/","token":"58.1\/II\/26\/1\/58.1-2609"},"10":{"id":"791958","structure_id":"1402","section_number":"58.1-2610","catch_line":"Penalty for failure to file timely report","url":"\/58.1-2610\/","token":"58.1\/II\/26\/1\/58.1-2610"},"11":{"id":"792509","structure_id":"1402","section_number":"58.1-2611","catch_line":"Penalty for failure to pay tax","url":"\/58.1-2611\/","token":"58.1\/II\/26\/1\/58.1-2611"},"12":{"id":"778714","structure_id":"1402","section_number":"58.1-2612","catch_line":"Lien of taxes","url":"\/58.1-2612\/","token":"58.1\/II\/26\/1\/58.1-2612"}},"previous_section":{"id":"790790","structure_id":"1402","section_number":"58.1-2606","catch_line":"Local taxation of real and tangible personal property of public service corporations; other persons","url":"\/58.1-2606\/","token":"58.1\/II\/26\/1\/58.1-2606"},"next_section":{"id":"779629","structure_id":"1402","section_number":"58.1-2608","catch_line":"State taxation of railroads, telecommunications companies","url":"\/58.1-2608\/","token":"58.1\/II\/26\/1\/58.1-2608"},"references":[{"id":"790790","section_number":"58.1-2606","catch_line":"Local taxation of real and tangible personal property of public service corporations; other persons","url":"\/58.1-2606\/"}],"formats":{"txt":"\/58.1-2607.txt","json":"\/58.1-2607.json","xml":"\/58.1-2607.xml"},"dublin_core":{"Title":"Local taxation of real and tangible personal property of railroads","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-2607","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nLOCAL TAXATION OF REAL AND TANGIBLE PERSONAL PROPERTY OF RAILROADS (\u00a7\n58.1-2607)\n\nA. Notwithstanding the provisions of \u00a7\u00a7 58.1-2604 and 58.1-2606, and beginning\nwith assessments initially effective January 1, 1980, all assessments of real\nestate and tangible personal property of railroads shall be made by application\nof the local assessment ratio prevailing in such taxing district for other real\nestate as determined or published by the Department, except that land and\nnoncarrier property shall be assessed as provided in \u00a7 58.1-2609.\n\nB. The real estate and tangible personal property (other than the rolling stock)\nof every railway company, but not its franchise, shall be assessed on the\nvaluation fixed by the Department and shall be taxed by a county, city, town,\nand magisterial district at the real estate tax rate applicable in such\nrespective locality.\n\nHISTORY: Code 1950, \u00a7\u00a7 58-514.2:2, 58-522; 1972, c. 813; 1978, c. 784; 1979,\nc. 160; 1983, c. 570; 1984, c. 675."}