New Construction, Improvements & Additions

New Taxable Property


When the new construction, addition or improvement is completed, or a tax exempt property becomes taxable, a supplemental assessment may be made. Supplemental assessments are authorized by the Code of Virginia § 58.1-3292.

Supplemental assessments for new construction relate solely to the addition of value to the improvement value, whereas supplemental assessments for exempt property becoming taxable relates to the change in tax status of land and improvements.