HomeMy Public PortalAbout1992_09_22_O036 Pro-Rating Personal Property TaxThe Town of
Leesburg,
Virginia
ORDINANCE NO.
AN ORDINANCE:
PRESENTED September 22, 1,992
92-0-36 ADOPTED September 22, 1992
AMENDING ARTICLE 1 OF CHAPTER 17 OF THE TOWN CODE TO PROVIDE
FOR THE PRO-RATION OF PERSONAL PROPERTY TAX ON MOTOR
VEHICLES AND TRAILERS IN THE TOWN OF LEESBURG
WHEREAS, the Town Council through Resolution No. 91-276 requested the 1992 Virginia General
Assembly to grant to the Town of Leesburg the authority to pro-rate personal property taxes on motor
vehicles and trailers; and
WHE~, this change in town tax policy was requested in order for the town to remain
consistent with the tax policy of Loudoun County; and
WHEREAS, the Virginia General Assembly did amend Section 58.1-3516 of the 1950 Code of
Virginia, as amended, to enable the Town of Leesburg to pro-rate personal property taxes:
THEREFORE, ORDAINED by the Council of the Town of Leesburg in Virginia as ibllows:
SECTION I. Section 17-2.1 of the Town Code is hereby amended to read as follows:
Section 17-2.1. Payment of Tax.
(b) Personal property and machinem; and tools. Except for motor vehicles and trailers,
payment of taxes due and owing to the town for personal property and muchine .ry and tools shall
be paid by, or on behalf of, persons owing such taxes by October 5 following the date on which
there is to be fred by, or on behalf of, such person a tax return indicating the amount of such
taxes due and owing on any such property.
(c) Pro-ration of tax on motor vehicles and trailers. Personal property' tax shall be
levied upon motor vehicles and trailers which have a situs within the town as of January. 1 of any
tax year. Personal property, tax shall be levied upon motor vehicles and trailers which acquire a
situs within the town after January 1 of any tax year for the remairdng portion of the tax year.
Payment of taxes for any motor vehicle or trailer for which a return is fried on or before
June 15 of a tax ,year shall be paid by October 5 of the tax year. Payment of taxes for any motor
vehicle or trailer for which a return is fried after June 15 of a tax year shall be paid by February.
5 of the ensuring tax year.
-2-
ORDINANCE - AMENDING ARTICLE 1 OF CHAPTER 17 REGARDING TAX ON VEHICLES AND
TRAILERS
When any motor vehicle or trailer loses its situs in the town or changes ownership after
January 1 of the tax year, any tax assessed on such vehicle shall be relieved~ and any amount of the
tax already paid shall be refunded~ on a pro-rated basis for the remaining portion of the tax year.
For purposes of this section, pro-ration shall be determined on a monthly basis, with a
period of one-half of a month or more counted as a full month and a period of less than one-half of
a month not counted as a month.
A motor vehicle or trailer is exempt from taxation under this section for any tax ,/ear or
portion thereof during which it was assessed by another jurisdiction in the Commonwealth and on
which the tax has been paid.
SECTION II. All prior ordinances and resolutions in conflict herewith are repealed.
SECTION III. This ordinance shall become effective January 1, 1993.
PASSED this 22nd day of September, 1992.
Town of Leesburg
ATTEST:
C~erk of CoundlI ~