{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/58.1-3202.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/58.1-3202.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/58.1-3202.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/58.1-3202.html"}],"law_id":371573,"edition_id":2,"section_id":371573,"structure_id":52898,"section_number":"58.1-3202","catch_line":"Taxation of certain multi-unit real estate","history":"Code 1950, \u00a7 58-760; 1982, c. 619; 1983, cc. 556, 570; 1984, c. 675.","full_text":"Beginning with assessments effective on January 1, 1984, the fair market value of multi-unit real estate leased primarily to residential tenants shall be determined without regard to its potential for conversion to condominium or cooperative ownership. A sale of apartment property shall not be presumed to be for such conversion unless overt action which is a prerequisite to conversion by the buyer has been taken within three months from the recordation of the deed.\n\n","order_by":null,"text":{"0":{"id":1385593,"text":"Beginning with assessments effective on January 1, 1984, the fair market value of multi-unit real estate leased primarily to residential tenants shall be determined without regard to its potential for conversion to condominium or cooperative ownership. A sale of apartment property shall not be presumed to be for such conversion unless overt action which is a prerequisite to conversion by the buyer has been taken within three months from the recordation of the deed.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52898,"edition_id":2,"name":"Taxable Real Estate","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":52897,"metadata":{"child_laws":6,"child_structures":0},"date_created":"2026-08-02 03:07:37","date_modified":"2026-08-02 12:36:09","permalink":{"id":1483891,"object_type":"structure","relational_id":52898,"identifier":"1","token":"58.1\/III\/32\/1","url":"\/58.1\/III\/32\/1\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52897,"edition_id":2,"name":"Real Property Tax","identifier":"32","label":"chapter","depth":3,"order_by":3,"parent_id":52890,"metadata":{"child_laws":192,"child_structures":21},"date_created":"2026-08-02 03:07:37","date_modified":"2026-08-02 12:36:09","permalink":{"id":1483889,"object_type":"structure","relational_id":52897,"identifier":"32","token":"58.1\/III\/32","url":"\/58.1\/III\/32\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52890,"edition_id":2,"name":"Local Taxes","identifier":"III","label":"subtitle","depth":2,"order_by":4,"parent_id":52815,"metadata":{"child_laws":618,"child_structures":70},"date_created":"2026-08-02 03:07:22","date_modified":"2026-08-02 12:36:07","permalink":{"id":1483461,"object_type":"structure","relational_id":52890,"identifier":"III","token":"58.1\/III","url":"\/58.1\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52815,"edition_id":2,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":125,"parent_id":null,"metadata":{"child_laws":1793,"child_structures":194},"date_created":"2026-08-02 03:06:17","date_modified":"2026-08-02 12:35:49","permalink":{"id":1478961,"object_type":"structure","relational_id":52815,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":371571,"structure_id":52898,"section_number":"58.1-3200","catch_line":"Real estate subject to local taxation; taxable real estate defined; leaseholds","url":"\/58.1-3200\/","token":"58.1\/III\/32\/1\/58.1-3200","metadata":false},{"id":371572,"structure_id":52898,"section_number":"58.1-3201","catch_line":"What real estate to be taxed; amount of assessment; public service corporation property","url":"\/58.1-3201\/","token":"58.1\/III\/32\/1\/58.1-3201","metadata":false},{"id":371573,"structure_id":52898,"section_number":"58.1-3202","catch_line":"Taxation of certain multi-unit real estate","url":"\/58.1-3202\/","token":"58.1\/III\/32\/1\/58.1-3202","metadata":false},{"id":371574,"structure_id":52898,"section_number":"58.1-3203","catch_line":"Taxation of certain leasehold interests; concessions","url":"\/58.1-3203\/","token":"58.1\/III\/32\/1\/58.1-3203","metadata":false},{"id":371575,"structure_id":52898,"section_number":"58.1-3204","catch_line":"Lands acquired from United States, etc., when beneficial ownership held prior to January 1","url":"\/58.1-3204\/","token":"58.1\/III\/32\/1\/58.1-3204","metadata":false},{"id":371576,"structure_id":52898,"section_number":"58.1-3205","catch_line":"Assessment of real property where interest less than fee is held by public body; exemption of interest of public body from taxation","url":"\/58.1-3205\/","token":"58.1\/III\/32\/1\/58.1-3205","metadata":false}],"previous_section":{"id":371572,"structure_id":52898,"section_number":"58.1-3201","catch_line":"What real estate to be taxed; amount of assessment; public service corporation property","url":"\/58.1-3201\/","token":"58.1\/III\/32\/1\/58.1-3201","metadata":false},"next_section":{"id":371574,"structure_id":52898,"section_number":"58.1-3203","catch_line":"Taxation of certain leasehold interests; concessions","url":"\/58.1-3203\/","token":"58.1\/III\/32\/1\/58.1-3203","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-3202\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1982, chapter 619; in 1983, chapters 556 and 570; in 1984, chapter 675.<\/p>","references":false,"refers_to":false,"permalink":{"id":1483901,"object_type":"law","relational_id":371573,"identifier":"58.1-3202","token":"58.1\/III\/32\/1\/58.1-3202","url":"\/58.1-3202\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/58.1-3202\/","token":"58.1\/III\/32\/1\/58.1-3202","dublin_core":{"Title":"Taxation of certain multi-unit real estate","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-3202","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Beginning with assessments effective on January 1, 1984, the fair market value of multi-unit real estate leased primarily to residential tenants shall be determined without regard to its potential for conversion to condominium or cooperative ownership. A sale of apartment property shall not be presumed to be for such conversion unless overt action which is a prerequisite to conversion by the buyer has been taken within three months from the recordation of the deed.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nTAXATION OF CERTAIN MULTI-UNIT REAL ESTATE (\u00a7 58.1-3202)\n\nBeginning with assessments effective on January 1, 1984, the fair market value\nof multi-unit real estate leased primarily to residential tenants shall be\ndetermined without regard to its potential for conversion to condominium or\ncooperative ownership. A sale of apartment property shall not be presumed to be\nfor such conversion unless overt action which is a prerequisite to conversion by\nthe buyer has been taken within three months from the recordation of the deed.\n\nHISTORY: Code 1950, \u00a7 58-760; 1982, c. 619; 1983, cc. 556, 570; 1984, c. 675.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}