Richmond |
Code of Ordinances |
Chapter 26. TAXATION |
Article XVI. SPECIAL SERVICE AND ASSESSMENT DISTRICTS |
Division 5. RIVERFRONT MANUFACTURING SPECIAL SERVICE AND ASSESSMENT OVERLAY DISTRICT |
§ 26-1152. Imposition of special assessments.
(a)
There shall be levied and collected for each year on all real estate subject to real estate taxation located within the boundary described in Section 26-1151 a special assessment of $0.35 for each $100.00 of assessed valuation thereof for general purposes valuation for the tax year beginning January 1, 2002, and for each year thereafter until otherwise provided by law or ordinance.
(b)
The special assessment set forth in Subsection (a) of this section shall abate for any parcel of real estate for which the assessed value of any improvements located thereon not intended for manufacturing or industrial use exceeds the assessed value of the underlying land and any improvements located thereon which are intended for manufacturing or industrial use.
(Code 1993, § 27-491; Code 2004, § 98-917)
State Law reference— Special assessments authorized, Code of Virginia, § 15.2-2400.
(Code 1993, § 27-491; Code 2004, § 98-917)
State law reference
Special assessments authorized, Code of Virginia, § 15.2-2400.