HomeMy Public PortalAbout1992_05_12_O011 Tax RateTown of
Leesburg,
Virginia
ORDINANCE NO.
AN ORDINANCE:
PRESENTED May 12, 1992
92-0-11 ADOPTED May 12, 1992
AMENDING ARTICLE 1 OF CHAPTER 17 OF THE TOWN CODE; TO REVISE
THE REAL ESTATE TAX RATE FOR 1992
VfrIEREAS, the approved budget for fmcal year 1993 is b~l~uced with a real estate tax rate of
$0.205 per $100 assessed value for 1992 real estate taxes.
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:
Section 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 fmcal 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 fo]lows:
Classification of Property
(a)
(b)
Real estate
Vehicles used as mobile homes or
offices $0.19
(c) Aircraft $0.001
(d) All other tangible personal property $1.00
Classification of Property
(a) Real estate
(b) Tangible personal property
SECTION II.
SECTION I~.
Rate of Tax per $100 Assessed Value
$$e.z9 $0.205
$9.19
$1.00
All prior ordinances and resolutions in conflict herewith are repealed.
T~ds ordinance shall be in effect upon its passage for tax year 1992,,
$0.205
(2:) Taxes on all real estate and all tangible personal property of ]public service
corporations shall be as fo]lows:
Rate of Tax per $100 Assessed Value
$0.205
-2-
ORDINANCE - REVISE REAL ESTATE TAX RATE FOR 1992
PASSED this 12th day of May
,1992.
Town of Leesburg
ATTEST:
Clerk of Council
O:real-tax