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,muumNCE NO. 2006-24 AN ORDINANCE TO AMEND CHAPTER 35 OF THE CODE OF THE CITY OF PORTSMOUTH, VIRGINIA (1988) BY AMENDING SECTIONS 35-7, 35-9(b) and (d), AND 35-12(a) THEREOF PERTAINING TO PROPERTY TAX ASSESSMENT PROCEDURES. BE IT ORDAINED by the Council of the City of Portsmouth, Virginia; I. That Sections 35-7, 35-9(b) and (d), 35-12(a) of the Code of the City of Portsmouth, Virginia (1988) be amended and reordained to read as follows: Sec.35-7. Assessment of personal property. The commissioner of the revenue shall proceed annually, on the first day of January. except as provided in section 35-9. to make assessments of all personal property, other than personal property of public service companies which is assessed by the state corporation commission, subject to the taxation by the provisions of this Code or other ordinance of the city in the same manner and form as is required by the revenue laws of the state. He shall record such assessments, upon separate rolls or books of assessments for the city, making the necessary complete copies thereof. He shall deliver to the city treasurer a copy of the record of assessments of personal property on or before the fifteenth day of April of each year and at such times as is necessary for the levying of personal property taxes. He shall deliver to the city treasurer copies of the records of assessments of personal property of public service companies which are assessed by the state corporation commission within thirty (30) days after he receives the same. Sec. 35-9. Proration of tax on motor vehicles, trailers and boats. (b) When any taxable property loses its situs within the city or its title is transferred to a new owner, the taxpayer shall from that time be relieved from personal property tax on such taxable property on a prorated basis. The taxpayer is entitled to receive a credit for taxes already paid towards taxable property newly transferred to the taxpayer, or a credit against any property taxes outstanding against the taxpayer on a prorated basis. If there be no tax liability against which the credit can apply, the commissioner of the revenue shall apply to the city treasurer for a refund which can be made without further city council action. No refunds will be paid while the owner of the taxable property has any delinquent tax account with, or liability to. the city. The provisions of this section shall not apply to any taxable property which acquires a situs within the commonwealth in a nonprorating locality. (d) Taxes on all taxable property which acquires situs within the city or has its title transferred after April first and through December thirty-first of any year shall be paid by the date shown on the bill which is mailed to the owner of the taxable property; provided, however, such due date shall be not less than thirty (30) days after the date of the issuance of the tax bilL Any person failing to pay the tax by the date shown on the bill shall incur interest and penalties as set forth in sections 35-3 and 35-4.