HomeMy Public PortalAbout1984_06_13_O020The Town of Leesburg in Virginia
PRESENTED June 13, 1984
ORDINANCE NUMBER 84-0-20
ADOPTED June 13, 1984
AN ORDINANCE: AMENDING ARTICLE I OF CHAPTER 17 OF THE TOWN CODE TO REVISE THE
REAL ESTATE TAX HATE
WHEREAS, the approved budget for fiscal year 1985 is balanced at a real
estate tax rate of $0.18 per $100 assessed value:
THEREFORE, ORDAINED by the Council of the Town of Leesburg in 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 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.
Taxea on all real estate and all tangible personal property,
except the property of public service corporations, shall be as
follows:
Classfication of Property
Rate of Tax per
$100 Assessed Value
(a) Real estate
SG. 2G
0.18
(b) Vehicles used as mobile homes or
offices as described in Sec. 58-
829.5 of the Code of Virginia
$0.2G
0.18
(c) Aircraft as defined in Section 53-
829.5 of the Code of Virginia of 1950,
as amended.
$0.001
(d) All other tangible personal prop-
erty except that listed in SectiOn
58-829.3 of the Code of Virginia
$1.00
-2-
AMENDMENT REGARDING A REVISION OF THE REAL ESTATE TAX RATE
(2) Taxes on all real estate and all tangible personal property of public
service corporations shall be as follows:
Classification of Property
(a) Real estate except as provided in
(b) below
Rate of Tax per
$100 Assessed Value
$0~2G
0.18
(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 percentum of fair market value
$0.65
(c) Tangible personal property
$1.00
(d)
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
(e)
Property classfied 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
$0.2G
0.18
(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. All prior ordinances and resolutions in conflict herewith are
repealed.
SECTION III. This ordinance shall be in effect upon its passage for tax
year 1984.
PASSED this 13th day of June
ATTEST:
Clerk of C?n¢il
, 1984.
Town of Leesburg