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Enclosure <br /> <br />City of Martinsville, Virginia <br /> <br />Ordinance No. 2004-2 <br /> <br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular <br />Session held on January 13, 2004, that Sections 21-8.1 and 21-8.2 be added to Chapter 21 <br />of the Martinsville Code to read as follows: <br /> <br />Sec. 21-8.1. Personal property tax generally. <br /> <br /> Except as provided in sections 21-8 and 21-8.2, there is hereby imposed and <br />levied a personal property tax on the assessed value of all tangible pei'sonal property and <br />machinery and tools as classified in Code of Virginia, § 58.1-3500 et se~q., with a situs in <br />the city as of January 1 of each year at a rate or rates established annually by the city <br />council. <br /> <br />Sec. 21-8.2. Exemptions. <br /> <br /> Ail items of household goods and personal effects set forth in §58.1-3504; Code <br />of Virginia, are exempt from personal property taxation. <br /> <br />Attest: <br /> <br />Johnathan B. Phillips, Clerk of Council <br /> <br />Date Adopted Date Effective <br /> <br /> <br />