[Adopted 11-14-2007; amended in its entirety 3-3-2008]
One automobile of a qualified veteran is declared to be a separate class of property and shall constitute a classification for local taxation separate from other classifications as set forth in § 58.1-3506(A)(19). Further, it is ordained that Buchanan County shall levy a tax on the subject property not to exceed that applicable to the general class of tangible personal property, as permitted by Virginia Code § 58.1-3506(B).
The Buchanan County Board of Supervisors, pursuant to Virginia Code § 58.1 and 3506(B), sets the tax relief in the amount of $50, which shall be deducted as a credit on the personal property tax bill for the one motor vehicle per disable veteran as classified above the meeting all the requirements of Virginia Code § 58.1-3506(A). The effective date of this article is January 1, 2008 for the taxable year 2008 and thereafter. Failure of a taxpayer to be current in the payment of all local taxes shall result in the forfeiture of the tax relief provided herein. The Commissioner of Revenue shall employ reasonable means to notify County residents of the terms and conditions of this article.