[Adopted 11-9-2005]
A.
The purpose of this article is to provide for the implementation
of the changes to PPTRA effected by legislation adopted during the
2004 Special Session 1 and the 2005 Regular Session of the General
Assembly of Virginia.
B.
Terms used in this article that have defined meanings set forth in
PPTRA shall have the same meanings as set forth in § 58.1-3523,
Code of Virginia, as amended.
C.
To the extent that the provisions of this article conflict with any
prior ordinance or provision of the County Code, this article shall
control.
A.
For tax years commencing in 2006, the County adopts the provisions
of Item 503.E of the 2005 Appropriations Act, providing for the computation
of tax relief as a specific dollar amount to be offset against the
total taxes that would otherwise be due but for PPTRA and the reporting
of such specific dollar relief on the tax bill.
B.
The Board shall, by resolution, set the percentage of tax relief
at such a level that it is anticipated fully to exhaust PPTRA relief
funds provided to the County by the commonwealth.
C.
Personal property tax bills shall set forth on their face the specific
dollar amount of relief credited with respect to each qualifying vehicle,
together with an explanation of the general manner in which relief
is allocated.
A.
Allocation of PPTRA relief shall be provided in accordance with the
general provisions of this section, as implemented by the specific
provisions of the County's annual budget relating to PPTRA relief.
B.
Relief shall be allocated in such as manner as to eliminate personal
property taxation of each qualifying vehicle with an assessed value
of $1,000 or less.
C.
Relief with respect to qualifying vehicles with assessed values of
more than $1,000 shall be provided at a percentage, annually fixed
and applied to the first $20,000 in value of each such qualifying
vehicle, that is estimated fully to use all available state PPTRA
relief. The percentage shall be established annually as a part of
the adopted budget for the County.
A.
Pursuant to authority conferred in Item 503.D of the 2005 Appropriations
Act, the County Treasurer is authorized to issue a supplemental personal
property tax bill, in the amount of 100% of tax due without regard
to any former entitlement to state PPTRA relief, plus applicable penalties
and interest, to any taxpayer whose taxes with respect to a qualifying
vehicle for tax year 2005 or any prior tax year remain unpaid on September
1, 2006, or such date as state funds for reimbursement of the state
share of such bill have become unavailable, whichever earlier occurs.
