§ 58.1-3008 Different rates of levy on different classes of property
The governing body of any county, city or town in laying levies on taxable real estate, tangible personal property and merchants’ capital may impose different rates of levy on real estate, merchants’ capital, tangible personal property or any separate class thereof authorized under Chapter 35 (§ 58.1-3500 et seq.), and machinery and tools, or it may impose the same rate of levy on any or all of these subjects of taxation. Such rates shall conform to the requirements set forth in such Chapter 35.
History
The record of this law’s original creation isn’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 507; in 1970, chapter 748; in 1984, chapter 675.
Code 1950, § 58-851.2; 1952, c. 507; 1970, c. 748; 1984, c. 675.