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P~blic SerVice Corporations - Unequalized <br />Real Estate: <br /> <br /> The tax on real estat~ of public service corp- <br />orations which is assessed at forty ~ercent (40%) of the fair <br />market value therefor shall be three-dollars and thirty-seven <br />and one-half cents f$3.375) multiplied by the local assessment <br />ratio as most recently determined and published by the <br />Department of Taxation of the Commonwealth of Virginia on <br />each one hundred dollars ($100.) assessed valuation therefor. <br /> <br />Public Service Corporations - Equalized <br />Real Estate: <br /> <br /> The tax on real estate of public service corp- <br />orations which is assessed at one hundred percent (100%) of the <br />fair market-value therefor shall be one dollar and thirty-five <br />cents f$1.35~ multiplied by the local assessment ratio as <br />most recently determined and published by the Department of <br />Taxation of the Commonwealth of Virginia on each one hundred <br />dollars ($100~) assessed valuation therefor. <br /> <br />3. Tangible Personal Property: <br /> <br /> (a) There shall be a tax of four dollars and <br />thirty-five cents ($4.35) fo~ every one hundred dollars <br />($100.) of the assessed value thereof of all tangible personal <br />property of every kind and description as classified by <br />Sections 58-829, 58-829.2:1 and 58-~29.8 of the Code of <br />~irginia, 1950, as amended, not exempt frc.m taxation, except <br />household goods and personal effects as classified by Section <br />58-829.1 of the Code of Virginia, 1950, as a~ended, and <br />including all motor vehicles and delivery equipment used in <br />the manufacturing, mining, processing and reprocessing, <br />radio or television broadcasting or dairy business, and <br />segregated by law for local taxation exclusively. <br /> <br /> Provided, however, that those articles exempted under <br />Section 58-829.1 of the Code of Virginia, 1940, as amended, <br />shall apply only to such property owned and used by an in- <br />dividual 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 />Public Service Corporations: <br /> <br /> Exclusive of automobiles and trucks which <br />shall be taxed at the rate prescribed in Section 3 (a) herein, <br />the tangible personal property of Public Service Corporations <br />shall be taxed at a rate of three dollars ($3.00) for every <br /> <br /> <br />