§ 40-220.1. General personal property tax; levied; amount.

(a)

For the calendar year beginning on January 1, 2006, and ending on December 31, 2006, and for each and every calendar year thereafter, unless changed, the tax on tangible personal property (except household tangible personal property) and other property segregated to and made subject to taxation by the city except as is otherwise specially taxed or exempted from taxation by the laws of the Commonwealth of Virginia or by ordinance of the City of Newport News, Virginia, shall be at the rate of four dollars and twenty-five cents ($4.25) per year on every one hundred dollars ($100.00) of the assessed value thereof.

(b)

For the calendar year beginning January 1, 2013, and ending on December 31, 2013, and for each and every calendar year thereafter, unless changed, the tax on tangible personal property (except household tangible personal property) and other property segregated to and made subject to taxation by the city except as is otherwise specially taxed or exempted from taxation by the laws of the Commonwealth of Virginia or by ordinance of the City of Newport News, Virginia, shall be at the rate of four dollars and fifty cents ($4.50) per year on every one hundred dollars ($100.00) of the assessed value thereof.

(Ord. No. 3885-89; Ord. No. 4725-95, § 1; Ord. No. 6120-05, § 1; Ord. No. 6865-12, § 1)

Editor's note— Ord. No. 6865-12 shall be in effect on and after July 1, 2012.

(Ord. No. 3885-89; Ord. No. 4725-95, § 1; Ord. No. 6120-05, § 1; Ord. No. 6865-12, § 1)

Editor's note

Ord. No. 6865-12 shall be in effect on and after July 1, 2012.