Tysons International Ltd. Partnership v. Board of Supervisors

In this appeal, we decide whether the trial court erred in finding that the Fairfax County tax assessor properly considered contract rent as relevant evidence of economic rent1 in assessing two pieces of income-producing property. We have examined the Fairfax County economic-rent methodology of assessing commercial prop*7erty in four previous cases: Fairfax County v. Nassif, 223 Va. 400, 290 S.E.2d 822 (1982) (Nassif I); Bd. of Sup. v. Donatelli & Klein, 228 Va. 620, 325 S.E.2d 342 (1985); Nassif v. The Board of Supervisors, 231 Va. 472, 345 S.E.2d 520 (1986) (Nassif II); and Smith v. Board of…