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Tax on Personal Property: <br /> <br /> (a) There shall be a tax of four dollars and thirty-five <br />cents ($4.35) for every one hundred dollars ($100.00) of the' <br />assessed value thereof of all tangible personal property of <br />every kind and description as classified by Sections <br />58.1-3500, 58.1-3501, 58.1-3502, 58.1-3503 and 58.1-3506 of <br />the Code of Virginia, 1950, as amended, not exempt from <br />taxation, except household goods and personal effects as <br />classified by Section 58.1-3504 of the Code of Virginia, 1950, <br />as amended, and including personal property of public service <br />corporations and all motor vehicles and delivery equipment <br />used in the manufacturing, mining, processing and <br />reprocessing, radio or television broadcasting or dairy <br />business, and segregated by law for local taxation <br />exclusively. <br /> <br /> Provided, however, that those articles exempted under <br />Section 58.1-3504 of the Code of Virginia, 1950, as amended, <br />shall apply only to such property owned and used by an <br />individual or by a family or household incident to maintaining <br />an abode for such individual, family or household and shall <br />not be construed to extend to such property that is used to <br />furnish an abode for use by others from whom rent or other <br />consideration is received. <br /> <br />(b) Privately Owned Pleasure Boats: <br /> <br /> There shall be a tax of one cent ($0.01) for every one <br />hundred dollars ($100.00) of the assessed value of privately <br />owned pleasure boats and watercraft used for recreational <br />purposes only and registered in the City of Portsmouth as <br />provided in Section 58.1-3506 (10), Code of Virginia, 1950, as <br />amended. <br /> <br />(c) Privately Owned Camping Trailers and Motor Homes: <br /> <br />(1) <br /> <br />From July 1, 1993 up to and through December <br />31, 1993, there shall be a tax of four dollars <br />and thirty-five cents ($4.35) for every one <br />hundred dollars ($100.00) of the assessed value <br />of privately owned camping trailers and motor <br />homes as defined in Section 46.2-100, Code of <br />Virginia, 1950, as amended, which are used for <br />recreational purposes only and registered in <br />the City of Portsmouth, as provided in Section <br />58.1-3506(15), Code of Virginia, 1950, as <br />amended. <br /> <br /> <br />