HomeMy Public PortalAbout1978_09_27_O029 TOWN OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
ORDINANCE NO.
AN ORDINANCE:
78-0-29
PRESENTED September 27, 1978
AMENDED September 27~ 1978
ADOPTED September 27, 1978
AMENDING SECTION 17-1 OF THE TOWN CODE TO REVISE THE
RATE OF TAX ON ALL REAL ESTATE.
ORDAINED by the Council of the Town of Leesburg, Virginia, as
follows:
SECTION I. Section 17-1 of the Town Code is amended 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 Twenty-t~o Cents on every One Hundred Dollars of the
assessed value thereof.
(2) Ail tangible personal property, excepting therefrom
the classes of household goods and personal effects classified
in Section 58-829.1 of the Code of Virginia, and including the
tangible personal property separately classified by Sections
58-829.2 and 58-829.3 of the Code of Virginia, shall be taxed
at the rate of One Dollar on every One Hundred Dollars of the
assessed value thereof.
(3) Ail tangible personal property of all railroad, ex-
press, telegraph, telephone, power and other public service
corporations shall be taxed at the rate of One Dollar on every
One Hundred Dollars of the assessed value thereof, and taxable
real estate of such public service corporation shall be taxed
at the rate of One Dollar on every One Hundred Dollars of the
assessed value thereof.
(4) The tax on all bank stock subject to taxation within
the municipality shall be at the rate of Eighty Cents on
each One Hundred Dollars of the taxable value of the share
-2-
of the stock in any bank located in the municipality, sub-
ject to the provisions of Section 58-476.2 of the Code of
Virginia.
SECTION II. This ordinance shall be in full force and effect
from and after its passage.
PASSED this 27th day of
September , 1978.
ATTEST:
~lerk of C~cil
Kehneth ~. Rollin~, Mayor
Town of Leesburg