Nothing in this chapter or in any ordinance adopted pursuant to Division 3 or 4 of
this article shall affect the validity of a classification exemption claimed by an
organization, or a designation exemption granted by the General Assembly, prior to
January 1, 2003, that was still effective on December 31, 2002, pursuant to Title
58.1, Chapter 36, Article 3 (Section 58.1-3609 et seq.) or 4 (Section 58.1-3650 et seq.) of the Code
of Virginia, and the city shall not recognize a classification exemption first claimed
by an organization pursuant to Title 58.1, Chapter 36, Article 3 (Section 58.1-3609 et seq.) after January 1, 2003. An exemption granted
pursuant to Title 58.1, Chapter 36, Article 4 (Section 58.1-3650 et seq.), of the Code of Virginia, may be revoked in
accordance with the provisions of Virginia Code Section 58.1-3605. For purposes of
this section "a classification exemption claimed by an organization" as of January
1, 2003, means that the organization owns property in the city that is not being taxed
by the city on December 31, 2002, by virtue of a classification exemption provided
under Title 58.1, Chapter 35, Article 3 (Section 58.1-3609 et seq.) of the Code of Virginia.
(Ord. No. 5940-03, § 1)