§ 40-224. Interest on the refunds of assessed and paid taxes and fees.  


Latest version.
  • (a)

    Unless otherwise specifically provided by law, erroneously assessed taxes and fees on real property, tangible personal property; machinery and tools; business, professional, and occupational licenses; food and beverages; transient occupancies; admissions and daily rentals, which have been paid by the taxpayer, shall be refunded to the taxpayer with interest at the same rate as would have been charged if such taxes were delinquent.

    (b)

    No interest shall be paid on such refunds of erroneously assessed taxes and fees on real property; tangible personal property; machinery and tools; food and beverages; transient occupancies; admissions and daily rentals if (i) the amount of the refund is ten dollars ($10.00) or less, or (ii) the refund is the result of proration pursuant to section 40-216 of this Code, as amended, or § 58.1-3516 of the Code of Virginia, 1950, as amended.

    (c)

    For purposes of this section, "erroneously assessed taxes and fees" shall not include erroneous assessments caused solely by a person failing to file a return or filing an inaccurate return, regardless of the reason; nor shall it include refunds due to corrections of assessments due to sale, transfer or other disposition of property.

    (Ord. No. 3349-85, § 1; Ord. No. 3992-90; Ord. No. 4912-96; Ord. No. 5326-99; Ord. No. 5515-00)

(Ord. No. 3349-85, § 1; Ord. No. 3992-90; Ord. No. 4912-96; Ord. No. 5326-99; Ord. No. 5515-00)