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Enclosure <br /> <br />City of Martinsville, Virginia <br /> <br /> Ordinance No. 2004-1 <br />Amending Ordinance Dated December 10, 1974 <br /> <br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular <br />Session held on January 13, 2004, that Ordinance dated December 10, 1974, Section 21-1 <br />of the Code of the City of Martinsville, be, and hereby is, amended to read as follows: <br /> <br />Sec. 21-1. Tax year and tax rates. <br /> <br /> The tax year for taxes levied on real estate, tangible personal property and <br />machinery and tools shall begin on the first day of January. and end on the thirty-first day <br />of December following, and the tax year for all other taxes shall be fixed by the council <br />by ordinance. The rates of all taxes and levies, except on new sources of tax revenue, <br />shall be fixed at the time of adoption of the general fund budget; however, nothing in this <br />section shall be construed in such a manner as would interrupt the effect of such <br />continuing tax ordinances as have already been adopted or may hereafter be adopted by <br />the council. <br /> <br />Attest: <br /> <br />Johnathan B. Phillips, Clerk of Council <br /> <br />Date Adopted Date Effective <br /> <br /> <br />