{"data":{"id":"us-va/23vac10-320-120","jurisdiction":"us-va","citation":"23VAC10-320-120","heading":"Taxation of instruments relating to property located in more than one jurisdiction","body":"A. When a deed conveys real estate located in two separate jurisdictions, the formula for prorating the local tax is:\n\n$1,000,000 (Property in jurisdiction #1)\n\nx $1,575.00 (State recordation tax) ÷ 1/3\n\n$1,050,000 (Total property conveyed)\n\n= $500 (Local tax for jurisdiction #1)\n\n$50,000 (Property in jurisdiction #2)\n\nx $1,575.00 (State recordation tax) ÷ 1/3\n\n$1,050,000 (Total property conveyed)\n\n= $25 (Local tax for jurisdiction #2)\n\nB. The formula for the local tax on a deed of trust conveying property located in two jurisdictions is:\n\nValue of property in jurisdiction #1\n\nx Total debt x Rate of tax =   State recordation tax ÷ 1/3\n\nTotal value of all property\n\n= Local tax for jurisdiction #1\n\nValue of property in jurisdiction #2\n\nx Total debt x Rate of tax =   State recordation tax ÷ 1/3\n\nTotal value of all property\n\n= Local tax for jurisdiction #2","path":["Title 23. Taxation","Agency 10. Department of Taxation","Chapter 320. Recordation Tax Regulations"],"source_url":"https://law.lis.virginia.gov/admincode/title23/agency10/chapter320/section120/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:54:17Z","sha256":"3ff1c14073775c106fed42288a17d7e1887cb5c8054f598a6dd398245b22c6c3","source_id":"us-va-vac","stale":false,"prev":"us-va/23vac10-320-110","next":"us-va/23vac10-330-20"},"notice":"GroundRules: Original legal text. Not legal advice."}