Virginia § 21-370 - Application of surplus to reduce assessment for following year
Full text of Virginia Code of Virginia § 21-370 — Application of surplus to reduce assessment for following year, with citation guidance and answers to common questions.
§ 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.
Code 1919, § 1771; 1924, p. 711; 1926, p. 620; 1936, p. 1034.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 21-370
What does Code of Virginia § 21-370 cover?
Section 21-370 ("Application of surplus to reduce assessment for following year") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 21-370?
A common citation format is "Code of Virginia § 21-370" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 21-370 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.