HomeMy Public PortalAbout1989_06_27_O015L~sBurg in ~Virginia
ORDINANCE NO.
89-0-15
PI~_~D June 27~ 1989
AI)O~ June 27~ 1989
AN ORDINANCE: AMENDING ARTICLE 1 OF CHAPTER 17 OF THE TOWN CODE TO REVISE
THE PEAL ESTATE TAX RATE
WHEREAS, the approved budget for fiscal year 1990 is b~l~n~cl at a real estate tax rate of $0.17
per $100 assessed value:
THEHEFORE, ORDAINED by the Council of the Town of Leesburg in V'n~'n~ 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 ~s provided by law on taxable real estate, tangible
personal property and bank capital in the town for each fiscal year beginning July 1 and enaln~ 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 corpomtion~ shall be as follows:
Clas~fication of Property,
(a) Real estate
(b)
(c)
(d)
(2)
Vehicles used as mobile homes or offices
An other tangible personal property e~cept
Rate of Tax per $100 Assessed Value
$0.17
$0.17
$0.001
$1.00
Taxes on all real estate and all tangible personal property of public service corporations shall
be as follows:
-2-
ORDINANCE: AMENDING ARTICLE 1 OF CHAPTER 17 OF THE TOWN CODE
Classification of Property
Rate of Tax per $100 Assessed Value
(a) Real estate czccpt ~ prc.;~dcd :.~ n.~ 1-_,_..... ~^ · o
$0.17
(e)(b) Tangible personal property $1.00
(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 C~xie of Virgini~
SECTION H. All prior ordinances and resolutions in conflict herewith are repealed.
SECTION 1TI. This ordinance shall be in effect upon its passage for tax year 1!989.
PASSED this 2 7 th
Town of Leesburg
A~I~EST:
Clerk of C~ncil
ordtax