CONTACT US

Have a comment, suggestion, or request? Contact us using our online request portal.

434-856-2489

M-F, 8:30 AM - 5:00 PM

 

 

    You are here

    Home » Sec. 36-152. Same - Real Estate.

    Sec. 36-152. Same - Real Estate.

     

    Sec. 36-152. Same—Real estate.  
     
    Effective on and after July 1, 2012, for the fiscal year beginning July 1, 2012, and ending June 30, 2013, and for each and every fiscal year thereafter beginning July 1 and ending June 30 of each such year, unless otherwise changed by council, on each one hundred dollars ($100.00) of the assessed value of real estate in this city and the improvements thereon there shall be a tax of one dollar and eleven cents ($1.11) for the purpose of establishing and maintaining the public schools of the city, and for the purpose of providing the interest and sinking fund on loans negotiated and bonds issued or to be issued by the city for school purposes, and for general governmental purposes. Provided, however, that effective on and after July 1, 2004, for the fiscal year beginning July 1, 2004, and ending June 30, 2005, and for each and every fiscal year thereafter beginning July 1 and ending June 30 of each such year, unless otherwise changed by council, for each one hundred dollars ($100.00) of the assessed value of real estate and tangible personal property of public service corporations other than railway companies not equalized by the state corporation commission pursuant to Section 58.1-2604 of the Code of Virginia (1950), as amended, there shall be a tax of three dollars eighty cents ($3.80). Provided, however, that effective on and after July 1, 2007, for the fiscal year beginning July 1, 2007, and ending June 30, 2008, and for each and every fiscal year thereafter beginning July 1 and ending June 30 of each such year, unless otherwise changed by council, for each one hundred dollars ($100.00) of assessed value of real estate and tangible personal property of public service corporations other than aircraft, automobiles, and trucks of all such corporations and rolling stock of railway companies, there shall be a tax of one dollar and eleven cents ($1.11). (Tax Code 1941, § 117.3; Ord. of 6-10-75; Ord. of 5-22-79; Ord. No . O-80-121, § 1(117.3), 5-27-80; Ord. No. O-81-100, § 1, 5-26-81; Ord. No. O-84-248, § 1, 11-13-84, eff. 7-1-84; Ord. No. O-88-105, § 1, 5-24-88, eff. 7-1-88; Ord. No. O-89-112, § 1, 5-23-89, eff. 7-1-89; Ord. No. O-93-144, 5-25-93, eff. 7-1-93; Ord. No. O-95-177, 6-13-95; Ord. No. O-96-140, 5-28-96; Ord. No. O-04-062, 6-8-04, eff. 7-1-04; Ord. No. O-07-074, 5-8-07, eff. 7-1-07; Ord. No. O-12-076, 4-24-12, eff. 7-1-12)
     
    Last updated date: 8/8/2012 9:26:48 AM