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(b) <br /> <br />Public Service Corporations - Unequalized <br />Real Estate: <br /> <br /> The tax on real estate of public service <br />corporations which is assessed at forty percent (40%) of the <br />fair market value therefor shall be Three Dollars and Thirty <br />Seven and One-Half Cents ($3.375) multiplied by the local <br />assessment ratio as most recently determined and published <br />by the Department of Taxation of the Conu~onweatth of Virginia <br />on each One Hundred Dollars f$100.O0) assessed valuation <br />therefor. <br /> <br />'(c) Public Service Corporations - Equalized <br /> Real Estate: <br /> <br /> The tax on real estate of public service <br />corporations whick is assessed at one hundred percent (100%) <br />of the fair market value therefor shall be One and 35/100 <br />($1~35) Dollars multiplied by the local assessment ratio as <br />most recently determined and published ~y the Department of <br />Taxation of the Commonwealth of Virginia on each One Hundred <br />Dollars ($10Oo00) assessed valuation therefor. <br /> <br />Tangible Personal Property: <br /> <br /> (a) There shall be a tax of Four and 00/1OO <br />($4.00) Dollars 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 58-829 <br />and 58-829.2:1 of the Code of Virginia, 1950, as amended, <br />not exempt from taxation, except household goods and personal <br />effects as classified by Section 58-829.1 of the Code of Virginia, <br />1950, as amended, and including all motor vehicles and delivery <br />equipment used in manufacturing, mining, processin~ and re- <br />processing, radio or television broadcasting or dairy business, <br />and 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, 1950, 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 />(b) Public Service Corporations: <br /> <br /> Exclusive of automibiles 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 />