HomeMy Public PortalAbout1982_06_23_O026%O~ OF LEESBURG
IN
LOUDOUN COUNTY, VIRGINIA
PRESENTED June 23, 1982
JDRDINANCE NO. 82-0-26
ADOPTED June 23, 1982
ORDINANCE: AMENDING SECTION 17-1 OF THE TOWN CODE
ORDAINED by the Council of Town of Leesburg in Virginia as follows:
SECTION I. Section 17-1 of the Town Code is ammended 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 beginning 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:
Classification of Property
Rate of Tax per
$100 Assessed Value
(a) Real estate $0.20
Vehicles used as mobile homes or
offices as described in Sec. 58-
829.3 of the Code of Virginia
$0.20
(c)
Ail other tangible personal pro-
perty 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 corporations shall be as follows:
-2-
(a)
(b)
(c)
(cl)
(e)
Classification of Property
Rate of Tax per
$100 Assessed Value
Real estate except as provided in
(b) below
$0.20
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
Tangible personal property
$1.00
Property classified as tangible
personal property by the town before
January 1, 1966, except that portion
reclassified as real estate under
Sec. 58-514.2 of the Code of Virginia
$1.00
Property classified as tangible
personal property by the town before
January 1, 1966 and reclassified
as real estate under Sec. 58-514.2
of the Code of Virginia
$0.20
(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 pursuant
to Title 58, Chapter 10.01 of the Code of Virginia.
SECTION II. This ordinance shall be effective July 1, 1982.
PASSED this 23rd day of June , 1982.
G. Dewey Hi~, J'{.~ ~a~r
Town of Leesburg
ATTEST:
Clerk of Cycil