HomeMy Public PortalAbout2012_02_14_O005 Amending Chapter 20 Licenses Taxation and Miscellaneous RegsThe Town of
Leesburg,
Virginia
ORDINANCE NO. 2012 -0 -005
PRESENTED: February 14, 2012
ADOPTED: February 14, 2012
AN ORDINANCE: TO AMEND AND ADD TO TOWN CODE PART II CHAPTER 20
(LICENSES, TAXATION AND MISCELLANEOUS REGULATIONS)
The Council of the Town of Leesburg in Virginia hereby ordains:
SECTION I.
Chapter 20 (Licenses, Taxation and Miscellaneous Regulations)
Article II. Taxation Generally
Section 20 -24. — Duty of finance director to collect taxes
1. The director of finance shall collect all taxes and license taxes.
2. Payment of Tax
(a) Real estate. Payment of taxes due and owing to the town for real estate shall be
paid by, or on behalf of, persons owing such taxes on a semiannual basis. One -half the
amount due and owing shall be paid by June 5 of the tax year and one -half the amount due
and owing shall be paid by the next following December 5.
(b) Personal property and machinery and tools. Except for motor vehicles and
trailers, payment of taxes due and owing to the town for personal property and machinery
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 filed 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
Payment of taxes for any motor vehicle or trailer for which a return is filed 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 if is filed after June 15 of a tax year shall be paid by
jaftuary 15 March 5 of the ensuing tax year.
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 the 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 year
or portion thereof during which it was assessed by another jurisdiction in the Commonwealth
and on which the tax has been paid.
IPA
AN ORDINANCE: TO AMEND AND ADD TO TOWN CODE PART II CHAPTER 20
(LICENSES, TAXATION AND MISCELLANEOUS REGULATIONS)
(d) Establishing reduced tax rate for quahAing vehicle.
1) The Town Council shall establish the tangible personal property tax rate for
the general class of tangible personal property, which rate shall also be
applied to that portion of the value of each qualifying vehicle that is in excess
of $20,000;
2) After establishing the he tan ig ble personal property tax rate for the general class
of tangible personal property, the Town Council shall establish one or more
reduced tax rates (lower than the rate applied to the general class of tangible
personal property) that shall be applied solely to that portion of the value of
each qualifying vehicle that is not in excess of $20,000. Such reduced tax rate
or rates shall be set at an effective tax rate or rates such that (i) the revenue to
be received from such reduced rate or rates on that portion of the value of
qualifying vehicles not in excess of $20,000 plus (ii) the revenue to be
received on that portion of the value of the qualifying vehicle in excess of
$20,000 plus (iii) the Commonwealth's reimbursement is approximatelyequal
to the total revenue that would have been received by the Town from the
tangible personal property tax had the tax rate for general class of erp sonal
property been applied to 100% of the value of all qualifying vehicles.
SECTION II. All prior ordinances in conflict herewith are hereby repealed.
SECTION III. If a court of competent jurisdiction declares any provision of this
ordinance invalid, the decision shall not affect the validity of the ordinance as a whole or any
remaining provisions of the Leesburg Town Code.
SECTION IV. This ordinance shall be effective upon its adoption.
PASSED this 14th day of February, 2012.
K -41L stattd, Mayor r
Town of Leesburg
A T T:
Clerk of Cou ci
P: \Ordinances\2012\ Amending Chapter 20.docx