HomeMy Public PortalAbout2010_04_13_O007 - Setting the 2010 Tax RateThe Town of
Leesburg,
Virginia
PRESENTED April 13.2010
ORDINANCE NO.: 2010-0-007 ADOPTED April 13.2010
AN ORDINANCE: REORDAINING AND AMENDING THE TOWN CODE SETTING TAX
RATES ON REAL ESTATE, VEHICLES USED AS MOBILE HOMES
OR OFFICES, AIRCRAFT, TANGIBLE PERSONAL PROPERTY,
PUBLIC SERVICE CORPORATIONS, AND BANK CAPITAL FOR
TAX YEAR 2010
BE IT ORDAINED by the Council of the Town of Leesburg Virginia as follows:
SECTION L Tha[ Section 17.1 of the Town Code is hereby reordained and amended [o
read as follows:
Taxes shall be levied and collected as provided by law on taxable real estate, vehicles
used as mobile homes or offices, aircraft, tangible personal property, public service corporations,
and bank capital in the town for each tax yeaz beginning January 1"and ending December 31"
for the support of the [own government, payment of interest on town deb[ and for other town
purposes. Each person assessed taxes by the town shall pay them as requved by law.
(I) Taxes on all real estate and all tangible personal property, except the property of
public service corporations, shall be as follows: Rate of Tax per Classification of
Properly per $100.00 Assessed Value
(a) Real estate ... $0.195
(b) Vehicles used as mobile homes or offices ... $0.195
(c) Aircraft ... 0.001
(d) All other tangible personal property ... 1.00
(2) Taxes of all real estate and all tangible personal property of public service
corporations shall be as follows: Rate of Tax per Classification of Property per
$100.00 Assessed Value
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AN ORDINANCE: REORDAINING AND AMENDING THE TOWN CODE SETTING TAX
RATES ON REAL ESTATE, VEHICLES USED AS MOBILE HOMES
OR OFFICES, AfltCRAFT, TANGIBLE PERSONAL PROPERTY,
PUBLIC SERVICE CORPORATIONS, AND BANK CAPITAL FOR
TAX YEAR 2010
(a) Real estate ... $0.195
(d) All other 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 [he town pursuant to Title 58, Chapter 10.01 of the
Code of Virginia.
SECTION II. That all prior ordinances and resolutions in conflict herewith are hereby
repealed.
SECTION III. That if any provision of this ordinance is declared invalid, the decision
shall not affect the validity of the ordinance as a whole or any remaining provisions of the
ordinance.
SECTION IV. That this ordinance shall be effective immediately upon passage.
PASSED this 13'^ day of Aori1.2010.
C. Umstattd, Mayor
Town of Leesburg
ATTEST:n
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Clerk of Cotm
P:~Ordinances~2010W113 FY 2011 Taz Role Ordinance (2).doc