GroundRules
Va. Code § 58.1-411: Average value of property
Where this section sits in the code
- Title 58.1. TAXATION
- Subtitle I. TAXES ADMINISTERED BY THE DEPARTMENT OF TAXATION
- Chapter 3. INCOME TAX
- Article 10. TAXATION OF CORPORATIONS
The average value of property shall be determined by averaging the value at the beginning and ending of the taxable year, but the Department may require the averaging of monthly values during the taxable year if reasonably required to reflect properly the average value of the corporation's property.Code 1950, § 58-151.044; 1971, Ex. Sess., c. 171; 1984, c. 675.
Collected 2026-09-04T15:17:44Z. Source file · JSON