In Virginia there is a program that affects the property taxes on rural properties. It’s called the Virginia Land Use Tax law (also Land Use Conservation taxes) but it all means the same thing… that there is tax incentive for Virginia land owners to preserve the natural features of undeveloped land. The program is overseen by the Virginia Department of Conservation and Recreation and the Department of Forestry.
Land Use tax provisions encourage the preservation of the natural undeveloped land. Specifically your taxes could be reduced on unimproved land parcels, and the tax value is determined by the owner’s agreement not to develop agriculture, horticulture, forestry and open-space land. Unimproved land refers to tax parcels that do not have a structure such as a house.
The advantages of reduced taxes on unimproved land benefit a range of people. Estate and farm owners enjoy lower tax rates on the unimproved portions of their property. There is less incentive to subdivide or develop raw land in order to afford the farm. And the public enjoys the benefits of the beautiful undeveloped scenery that makes the views in our Charlottesville area so special. You can CLICK HERE for more about the Virginia state law for Land Use tax reduction.