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    Home » Sec. 36-149. Tax Rates - Tangible Personal Property in General; Exempt Household Property.

    Sec. 36-149. Tax Rates - Tangible Personal Property in General; Exempt Household Property.


    Sec. 36-149. Tax rates—Tangible personal property in general; exempt household property.
    (a) Effective on and after July 1, 2004, for the fiscal year beginning July 1, 2004 and ending June 30, 2005, and also for each and every fiscal year thereafter beginning July first and ending June thirtieth, of each such year, unless otherwise changed by council, on each one hundred dollars ($100.00) of the assessed value of the following-named personal property, there shall be a tax of three dollars and eighty cents ($3.80) for the purpose of establishing and maintaining the public schools of the city and for the purpose of providing the interest on loans negotiated and bonds issued and to be issued by the city for school purposes, and for general governmental purposes, to wit: vehicles of all kinds, books, pictures, mechanics' tools, machinery, and the market value of all other tangible personal property not specifically enumerated including the property separately classified by Sections 58.1-3503, 58.1-3506 and 58.1-3521 of the Code of Virginia, 1950 as amended; except and provided that household goods and personal effects owned and used by an individual or by a family or household incident to maintaining an abode which are defined as separate items of taxation and classified by 58.1-3504 and 58.1-3505 of the Code of Virginia, 1950, as amended, are exempt from the tax imposed by this section, effective for the fiscal year beginning July 1, 1973 and ending June 30, 1974 and for each fiscal year thereafter.
    (b) The commissioner of revenue will use the file by exception method for each fiduciary mentioned in this section as per Section 58.1-3518.1, Code of Virginia, as amended.
    (c) All city taxes for each year or fiscal year on tangible personal property assessed under this section shall be paid pursuant to the provisions of Section 36-171. (Tax Code 1941, § 113.17; Ord. of 9-9-75; Ord. No. O-90-136, 5-15-90, eff. 7-1-90; Ord. No. O-04-062, 6-8-04, eff. 7-1-04; Ord No. O-05-091, 7-12-05, eff. 1-1-06)
    Last updated date: 10/23/2006 4:15:21 PM