HomeMy Public PortalAbout2004_05_11_r071The Town of
Leesburg,
Virginia
2004-71
PRESENTED May 11, 2004
ADOPTED May 11, 2004
RESOLUTION NO.
A RESOLUTION: SETTING THE TAX RATES FOR THE TOWN OF LEESBURG
WHEREAS, the budget for the fiscal year ending June 30, 2005, has been presented and
reviewed by this Council in accordance with Section 15.2-2503 of the 1950 Code of Virginia, as
amended; and
WHEREAS, Council met in budget worksessions on April 6, 19, 23, May 1 and 5, 2004;
and
WHEREAS, two separate duly advertised public hearings, one on the proposed budget and
one on the real estate tax rate, were held on April 13, 2004; and
WHEREAS, the town needs additional time to deliberate on the FY 2005 Budget before
taking final action to adopt it; and
WHEREAS, there is a need to set the real estate tax rate before the final adoption of the
budget in order to provide the town time to prepare and send out tax statements, and give residents
reasonable time to remit their taxes; and
WHEREAS, it is the desire of Council that the real estate tax rate for calendar year 2004 be
set at $ 0.22 per $100 of assessed valuation and that personal property taxes remain at $1.00 per
$100 of assessed valuation; and
WHEREAS, it is the recommendation of the Town Manager that the Town Council set the
tax rate at $0.24 per $100 of assessed valuation to help fund the FY 2005 Budget.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
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A RESOLUTION: SETTING THE TAX RATES FOR THE TOWN OF LEESBURG
SECTION I.
assessed value.
SECTION II.
The real estate tax rate for the calendar year 2004 is set at $ 0.22 per $100 of
The personal property tax rate will remain in effect for the calendar year
2004 at the rate of $1.00 per $100 of assessed value.
PASSED this 11th day of MaY 2004.
Kristen C. U~tattd,
Town of Leesburg
ATTEST:
uncil
R:04 FY05 taxmte