HomeMy Public PortalAbout1977_07_13_O012 TOWN OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
ORDINANCE NO. 77-0-12
PRESENTED JUly 13, i97.~
ADOPTED
JUly 13, 1977
AN ORDINANCE:
AMENDING SECTION 17-1 OF THE TOWN CODE TO REVISE THE
RATE OF TAX ON ALL REAL ESTATE.
BE IT ORDAINED by the Council of the Town of Leesburg, Virginia,
as follows:
SECTION I. That Section 17-1 of the Town Code is hereby amend-
ed to read as follows:
Sec. 17-1. AnnUal leVy' and rate of taxes.
Taxes shall be levied and collected in the manner des-
cribed by the provisions of this Code and other ordinances
of the municipality and laws of the state, for each fiscal
year beginning July first, and ending June thirtieth,
until otherwise changed, for the support of the municipal
government, the payment of interest on the municipal debt
and for other municipal purposes, as follows:
(1) The tax on all taxable real estate shall be at the
rate of $0.26 on every $100.00 of the assessed value there-
of.
(2) Ail tangible personal property, excepting therefrom
the classes of househOld goods and personal effects classi-
fied in Section 58-829.1 of the Code of Virginia, and
including the tangible personal property separately classi-
fied by Sections 58-829.2 and 58-829.3 of the Code of
Virginia, shall be taxed at the rate of $1.00 on every
$100.00 of the assessed value thereof.
(3) Ail tangible personal property of all railroad,
express, telegraph, telephone, power and other public
service corporations shall be taxed at the rate of $1,00 on
every $100.00 of the assessed value thereof, and taxable
real estate of such public service corporation shall be
taxed at the rate of $1.00 on every $100.00 of the assessed
value thereof.
(4) The tax on all bank stock subject to taxation
within the municipality shall be at the rate of $0,80
on each $100~00 of the taxable value of the share of the
stock in any bank located in the municipality, subject
to the provisions of Section 58-476.2 of the Code of
Virginia.
SECTION II. That an emergency exists and this ordinance shall
be in full force and effect from and after its passage.
PASSED this I3t~' day of '' JUly
, 1977.
ATTEST:
Mary An~e NeWman, Mayor
Town of Leesburg