1966 Ordinances - Laserfiche WebLink

Home Browse Search

4. Tae tax on machinery and tools used in a manufacturing or mi~ing business for the City of Portsmouth, Virgf~ia, shall be Three ($3.00) Dollars on each one h~dred dollars of assessed valuation thereof. 5. (a) The annual taxes on real estate shall be paid in four equal installments: the first installment for the pai¢~ on or before March 31, 1966, the second installment for the year 1966 shall be paid on or before June 30, 1966, the third installment for t,he year 1966 shall be paid on or before September 30, 1966, and the fotn~th installment for the year 19.66 shall be paid on or before December 1966. (b) In the event m~' ~stallment of taxes on real estate is not psid on or before the time the same is due and pay~ote there shall oe added thereto a penalty of five per cent of the ~mount of such unpaid installment, and such installment shall bear interest of one-half of one per cent per month~ or fraction thereof~ from the date the s~nne is due and payable until paid. (c) Should stay installment of taxes on real estate be not paid before the property is advertised or posted as delinquent, an expense charge of twenty-five cenzs for each installment on each psa~cel assessed shall be collected. 6, ~oy person failin~o to pay the taxes on tangible personal preperty~ and ~acbinery and tools imposed by this ordinance on or before December 5, 1966, shall incur a penalty of five per cent on the amount of said taxes. Should said taxes not De paid by December 5~ 1966~ interest at the rate of six per cent per annum from that date until paid shall likewise be added. 7. Ail interest and penalties shall be added to the taxes mad collected by the City Treasurer as a part thereof. 8. '~r~is ordinance being necessary For the preservation of the public health, morals and safety, an emergency is declared to exist and it shall take effect fTom and al~er its passage Adopted by the Council of the City of Port~ot~bh~ Virginia~ at a meeting held on January 11~ 1966. Teste: Clerk