Tax Increment Financing

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 4.1 of the Code of Virginia, titled “Tax Increment Financing.” It is part of Chapter 32 “Real Property Tax”, which is part of Subtitle III “Local Taxes”, which is part of Title 58.1 “Taxation”. It contains 7 laws.

It’s comprised of the following 7 sections.

§ 58.1-3245 Definitions
§ 58.1-3245.1 Blighted areas constitute public danger
§ 58.1-3245.2 Tax increment financing
§ 58.1-3245.3 Copies of tax increment financing ordinance to local assessing officer and treasurer or director of finance
§ 58.1-3245.4 Issuance of obligations for project costs
§ 58.1-3245.4:1 No annual debt limits for certain cities
§ 58.1-3245.5 Dissolving the Tax Increment Financing Fund