Va. Code § 21-370

Current with changes from the 2024 legislative session through ch. 845

Section 21-370 - Application of surplus to reduce assessment for following year

When the sum actually collected on any such assessment shall be more than sufficient to pay the principal and interest for the next succeeding year, a proper allowance for such surplus shall be made in the following assessment, and the percentage may be reduced accordingly.

Va. Code § 21-370

Code 1919, § 1771; 1924, p. 711; 1926, p. 620; 1936, p. 1034.

Amended by Acts 1936, § p. 1034.

Amended by Acts 1926, § p. 620.

Amended by Acts 1924, § p. 711.