HomeMy Public PortalAbout1980_04_09_O009ORDINANCE NO.
AN ORDINANCE:
TOWN OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
PRESENTED April 9, 1980
80-0-9 ADOPTED April 9, 1980
AMENDING SECTIONS 17.1 AND 17.4 OF THE TOWN CODE
ORDAINED by the Council of the Town of Leesburg, Virginia,
as follows:
SECTION I. Sections 17.1 and 17.4 of the Town Code are
amended to read as follows:
Sec. 17-1. Annual levy and rate of taxes.
Taxes shall be levied and collected as provided by
law on taxable real estate, tangible personal property
and bank capital in the town for each fiscal year begin-
ning July 1 and ending June 30 for the support of the
town government, payment of interest on town debt and
for other town purposes. Every person assessed taxes
by the town shall pay them as required by law.
(1) Taxes on all real estate and all tangible
personal property, except the property
of public service corporations, shall be
as follows:
Rate of Tax per
Classification of Property $100 Assessed Value
(a) Real estate
$ 0.22
(b) Vehicles used as mobile homes
or offices as described in Sec.
58-829.3 of the Code of Vir-
ginia
$ 0.22
(c) Ail other tangible personal
property except that listed
in Sec. 58-829.1 of the Code
of Virginia
$1.00
(2)
Taxes on all real estate and all tangible
personal property of public service cor-
porations shall be as follows:
Classification of Property
Rate of Tax per
$100 Assessed Value
(a) Real estate except as pro-
vided in (b) below
$ 0.22
(b) Real estate which has not
been equalized as provided
for in Sec. 58-512.1 of the
Code of Virginia which shall
continue to be assessed at
forty per centum of fair
market value
$ 0.65
(c) Tangible personal property
$ 1.00
(d) Property classified as tangi-
ble personal property by
the town before January 1,
1966, except that portion re-
classified as real estate
under Sec. 58-514.2 of the
Code of Virginia
$ 1.00
(e) Property classified as tan-
gible personal property by
the town before January 1,
1966 and reclassified as real
estate under Sec. 58-514.2 of
the Code of Virginia
$ 0.22
(3)
The tax on all bank capital shall be at
the rate of $0.80 per $100.00 of the net
capital of banks located in the town pur-
suant to Title 58, Chapter 10.01 of the
Code of Virginia.
Sec. 17-4. Report required of banks.
Any bank, as defined in Title 58, Chapter 10.01 of
the Code of Virginia, located in the town shall deliver
annually to the Director of Finance a copy of the report
banks are required by the State Code to furnish to the
commissioner of revenue for the county.
-3-
SECTION II. This ordinance shall be in effect upon its
passage, and Sec. 17-1(3) shall apply in the fiscal year end-
ing June 30, 1980 to the capital of banks located in the town
as of January 1, 1980.
PASSED this 9th
ATTEST:
day of April , 1980.
~ollins, Mayor
Town of Leesburg
Clerk of ~ncil '