Rollback Tax

What Is a Rollback Tax?

Roanoke County's use value ordinance requires land to be assessed at both market value and use value. The difference between market value and use value represents a "deferred" tax that must be repaid should the land be converted to an ineligible use.

This deferred tax is referred to as the "rollback" tax and Virginia Code requires that landowners who convert their land to an ineligible use must pay back to Roanoke County the rollback tax for 5 years, plus the current year, including interest.

Any change in use, transfer, or split of parcels may:

  • Subject the property to the rollback tax
  • Require new applications
  • Affect eligibility for use tax Contact the Real Estate Valuation Office for more information about the rollback tax