Change in use

• roll back tax applies when land changes from a qualifying use to a non-qualifying use

Property owners required to report change in use of property

• state law and county ordinance require that you notify the Commissioner of the Revenue within 60 days following such changes in use; please note that this includes building an additional house on the property, which is under the Land Use Assessment

Failure to report change in use of property

• on failure to report and pay roll back tax within 60 days following any change in use, the owner becomes liable for an additional penalty of 10 percent of the amount of the roll back tax and interest; interest shall also be charged at half of 1 percent of the roll back taxes, interest and penalty for each month or fraction thereof

Material misstatement

• any person making a material misstatement of fact in any application filed shall be liable for all taxes, in such amounts and at such times as such property had been assessed on the basis of fair market value as applied to other real estate in the taxing jurisdiction, together with interest and penalties thereon, and shall be further assessed with an additional penalty of 100 per centrum of unpaid taxes

Change in acreage

• any change in the total acreage of real estate, which is assessed in accordance with the Land Use Assessment Law, requires the filing of a new application with 58.1-3234 of the Code of Virginia Title "Taxation;" therefore, it is of the utmost importance that when such change in acreage occurs, it must be reported to the Commissioner of the Revenue immediately

FAILURE TO COMPLY WITH ANY OF THE FOREGOING MAY CAUSE THE REAL ESTATE IN QUESTION TO BE REMOVED FROM SUCH SPECIAL ASSESSMENT PROGRAM