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The purpose of this site is to provide information to those interested in use-value assessment in Virginia.

Valley

What is Land Use-Value Assessment?

Land use-value assessment is found in some form in all 50 states in the United States, suggesting support for the preservation of this land and for the reduction of tax burden on owners of land used in producing food, fiber, and timber. In 1974, Virginia passed legislation to enable localities to provided tax relief to land owners in order to preserve agricultural, horticulture, forestry and/or open space lands with the explicit purpose that the public would benefit from its preservation.

Recent Updates

New VCE Publication on Agricultural Land Sales in Virginia

To provide new insight into the agricultural land values in the Commonwealth of Virginia, Jen Friedel and Patrick Kayser of Virginia Tech’s Department of Agricultural and Applied Economics along with a team of undergraduate and graduate students, have published a peer-reviewed extension publication titled “Agricultural Land Sales in Virginia.”

This publication provides an overview of the historical ag land sales trends in Virginia, and summarizes the averages of market-based transactions at the multi-county district and statewide levels from 2010 through 2018.

Agriculture

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