1971 Ordinances - Laserfiche WebLink

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AIN ORDINANCE IF~OSING AND COLLECTING TAXES ON REAL ESTATE, TANGIBLE PERSONAL PROPERTY, AND MACHINERY AND TOOLS WITHIN THE LIMITS OF THE CITY OF PORTSMOUTH, VIRGINIA, FOR THE PUR- POSE OF RAISING REVENUE FOR THE SUPPORT OF THE GOVERN~ENT AND THE PUBLIC FREE SCHOOLS AND TO PAY INTEREST AND SINKING FUND ON THE PUBLIC DEBT FOR THE FISCAL YEAR BEGINNING JULY 1, 1971, AND ENDING JUNE 30, 1972. Be it ordained by the Council of the City of Ports- mouth, Virginia: 1. For the fiscal year beginning July 1, 1971, and ending June 30, 1972, and for each fiscal year thereafter until annulled by ordinance, the following tax shall be placed on real estate, tangible personal property, and machinery and tools with- in the limits of the City of Portsmouth, for the purpose of rais- ing revenue for the support of the government and the public free schools and to pay interest and sinking fund on the public debt. 2. The tax on real estate for the City of Virginia, shall be 5~o and 25/100 ($2.25) Dollars on hundred dollars assessed valuation thereof. Portsmouth, each one 3. Classification of Tangible Personal Property: (a) The following shall be classified as Tangible Personal Property and taxes at the rate of Four ($4.00) Dollars on each one hundred dollars assessed valuation thereof. (1) The aggregate number of horses, mules and other kindred animals and the value thereof. (2) The number of cattle and the value thereof. (3) The number of sheep and goats and the value thereof. (4) The number of hogs and the value thereof. (5) The aggregate nu~foer and value of all automobiles, motor trucks, motorcycles and all other motor ve- hicles, except any vehicle without motive power used or designed to be used as a mobile home or office, or for other means of habitation by any person. (6) The aggregate value of all animal drawn vehicles and bicycles.