The governing body of any county, city or town may provide for the special assessment and valuation for purposes of taxation of all real property within its jurisdiction which is encumbered by a recorded perpetual easement permitting the inundation of such property by water.\nCode 1950, § 58-12.79; 1977, c. 479; 1978, c. 848; 1984, c. 675.
Virginia Legal Code