Minutes 06/08/1971 - Laserfiche WebLink

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J.T~e g, 1971 5. 6. 7. Suggest that City Council consider holding a city wide tax assessment at the same time in order to equalize all areas simultaneously. Suggest that real estate tax increases should have been more gradual and more in line with cost of living increases. Suggest that a more simplified form be devised;for'filin} assessment grievances. The present one is much 'Fmetaxpayer, even though .:as~rf~purposes of comparisen. too complicated, and embarrassing, for the average property aggrieved, is rather reluctant to report his neighbor's ~ Suggest that hearings by the Board of Equalization be lengthened for the convenienc~ of the people. Eveing hours might be considered. Suggest a closer working relationship between City Council and the Redevelopment and Housing Authority. The Housing Authority might be encouraged to rent property it has acquired until it is needed, or there is a sale for it. This might alleviat~ the problem of property being removed from the tax books and remaining dormant for tong periods of time. Suggest that the City impose stricter enforcement in all sections of the city of the Minimum Housing Code as a means of saving thousands of tax dollars and avoiding the creation of additional slum areas. Suggest that an escape hatch to penalizing the small property owner might be found in supporting legislation co-sponsored by Congressman G. William Whitehurst which would allow a $750.00 Federal Income Tax exemption for minor home repairs. 10. Suggest that our delegation to the General Assembly press for similar tax relief on the state level. CONCLUSION If taxes are to level off, there must be a halt to wage and price increases at the same time. This committee cannot emphasize too strongly the need for all organizations, trades and professions to stop and analyse present conditions, and be willing to do their part where possible. - Signed by Mrs. Barnabas W. Baker, Chairman, Mr. H. L. Brantley, Mr. James ~emkin Mrs. Phillip C. Richards, Mrs. Miles J. Winters" 71-238 The following reports from the City Manager'were read: "I submit the attached ordinance and recommend it be placed on first reading. This established the tax rate for Real Estate, Tangible Personal Property, and Machinery and Tool for fiscal year 1971-72. Nee r~ates in the proposed ordinance are $2.25 on Real Nstate, $4~00 On Tangibt~ Persona~ Pr6p%rt~ and $3.00 on Machinery and Tools. These are the same rates as.the curren~ year. It is necessary to adopt this ordinance for the operation of the City Government for the fiscal year 1971-72." On motion of Mr. Raymond Smith and seconded by Mr. Johnson, the following ordinance placed on first reading by the following vote: "AN ORDINANCE.~POSING AND COLLECTrN~ TAX~S ON REAL EST~TE,.TANGIB~E ~ERSOMAL PROPERTY, AND MACHINERY AND TOOLS WITHIN THE LIMITS OF THE CITY OF PORTSMOUTH, VIRGINIA, FOB THE PURPOSE OF RAISING REVENUE FOR THE SUPPORT OF THE GOVERNMENT AND THE PUBLIC FREE SCHOOLS AND TO PAY INTEREST AND SINKING FUND ON THE PUBLIC DEBT FOR TH~ FISCAL YEAR BEGINNING JULY 1, 1971, AND ENDING.JUNE 30, 1972." was Ayes: Holley, Johnson, King, Irvine Smith, Raymond Smith, Turner, Barnes Nays: None 71-239 "I submit the attached ordinance and recommend it be placed on first reading. This establishes a tax on shares of stocks on banks located in the City of Portsmouth. The State law imposes a tax on shares of stocks of banks in the amount of $1.00 per share annually. By adoption of this ordinance, the City can receive 40~ of this S1.00 for each share of bank stock on banks located within the City of Portsmouth. It is necessary to adopt this ordinance annually to be eligible to receive these taxes." ~ On motion of Mr. Turner and seconded by Mr. Raymond Smith, the following ordinance was placed on first reading by the following vote: 'AN ORDINANCE IMPOSING TAXES ON SHARES OF STOCK ON BANKS OF PORTSMOUTH FOR THE YEAR 1972 AND ANNUALLY THEREAFTER, REQUIRING THE PAYMENT THEREOF, REQUIRING CERTAIN REPORTS, PENALTIES FOR THE VIOLATION THEREOF." LOCATED IN THE CITY FIXING THE RATE AND AND PRESCRIBING Ayes: Holley, Johnson, King, Irvine Smith, Raymond Smith, Turner, Barnes Nays: None