{"data":{"id":"us-va/va.-code-58.1-3601","jurisdiction":"us-va","citation":"Va. Code § 58.1-3601","heading":"Property becomes taxable immediately upon sale by tax-exempt owner","body":"Any property exempt from taxation pursuant to this chapter which is subsequently sold to a person not having tax-exempt status shall immediately become subject to taxation and be assessed therefor. The tax levied for the current year shall be prorated for the remainder of the tax year.Code 1950, § 58-16.1; 1964, c. 178; 1984, c. 675.","path":["Title 58.1. TAXATION","Subtitle III. LOCAL TAXES","Chapter 36. TAX EXEMPT PROPERTY","Article 1. EXEMPTIONS GENERALLY"],"source_url":"https://law.lis.virginia.gov/vacode/58.1-3601/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:17:44Z","sha256":"23fbef0b0066c68bbba38f180d090a8e59834f2867f9f449f4850bdac2369356","source_id":"us-va","stale":true,"prev":"us-va/va.-code-58.1-3600","next":"us-va/va.-code-58.1-3602"},"notice":"GroundRules: Original legal text. Not legal advice."}