CODE OF VIRGINIA

ASSESSMENT OF STANDING TIMBER TREES OWNED BY PERSON WHO OWNS LAND SURFACE; WHEN
OWNED SEPARATELY (§ 58.1-3284)

A. When the land surface and standing timber trees are owned by the same person,
the value of the land, inclusive of the standing timber trees, shall be
ascertained and assessed at such ascertained value.

B. In any case when the surface of the land is owned by one person and the
standing timber trees thereon are owned by another, the relative value of each
shall be determined and the owners shall be assessed with the value of their
respective interests.

HISTORY: Code 1950, § 58-804; 1958, c. 314; 1970, c. 440; 1971, Ex. Sess., cc.
3, 172; 1975, c. 547; 1980, c. 360; 1984, c. 675.