DKM Richmond Associates, L.P. v. City of Richmond

This is a dispute between a municipality and a taxpayer over a partial exemption from local real estate taxes due to rehabilitation of a structure on the subject property.

According to the Constitution of Virginia, the “General Assembly may by general law authorize the governing body of any . . . city ... to provide for a partial exemption from local real property taxation, within such restrictions and upon such conditions as may be prescribed, of real estate whose improvements, by virtue of age and use, have undergone substantial renovation, rehabilitation or replacement.” Va. Const, art. X,…