§ 6.01. Fiscal and tax years.  


Latest version.
  • The fiscal year of the city shall begin on July 1 and shall end on June 30 of the succeeding year. The tax year for taxes levied on real estate, tangible personal property and machinery and tools shall begin on January 1 and end on December 31 following, and the tax year for all other taxes shall be fixed by the council by ordinance. The rate of taxes levied on real estate shall be fixed as authorized in § 58.1-3321 of the Code of Virginia [Code of Virginia, § 58.1-3321]. The rates of all other taxes and levies, except on new sources of tax revenues, shall be fixed before the beginning of the tax year.

    (Acts 1958, Ch. 185, § 2; Acts 1962, Ch. 165, § 1; Acts 1982, Ch. 658, § 1; Acts 1993, Ch. 613, § 1)

(Acts 1958, Ch. 185, § 2; Acts 1962, Ch. 165, § 1; Acts 1982, Ch. 658, § 1; Acts 1993, Ch. 613, § 1)