19960723 1996-10ORDINANCE NO. .1996- 10
AN ORDINANCE AMENDING CHAPTER 8 OF THE CODE OF THE CITY OF
FAIRFAX, VIRGINIA BY AMENDING ARTICLE XV, SECTIONS 8-93 AND 8-
95 , REGARDING PARTIAL REAL ESTATE TAX EXEMPTION FOR CERTAIN
SUBSTANTIALLY REHABILITATED, RENOVATED, OR REPLACED
STRUCTURES ON RESIDENTIAL PROPERTIES IN THE R-I, R-2 AND R-3
ZONING DISTRICTS.
BE IT ORDAINED by the City Council of the City of Fairfax, Virginia, that
Chapter 8, Article XV, Sections 8-93 and 8-95, of the Code of the City of Fairfax
are hereby amended to read in their entirety as follows:
Sec. 8-93 Definitions.
For the purposes of this article, the following words and phrases shall
have the meanings respectively ascribed to them by this section:
Assessor: Real estate assessor for the City of Fairfax.
Base value: The assessed value of the structure as of January 1 of the
year in which the rehabilitation begins.
Exemption: The real estate taxes resulting from the increase in the
assessed value of a residential structure attributable to the substantial
rehabilitation, renovation or replacement thereof. In no case shall an
exemption be permitted if the assessed value falls below the base value in any
given year.
Owner: All persons or entities holding title to the real estate, structure
or structures thereon for which an exemption is requested.
Residential Use: Use as a detached or semi-detached single-family
dwelling, including permanent accessory structures.
Substantially rehabilitated residential structure: An existing structure,
not less than fifteen (15) years of age, which has been substantially improved,
renovated or replaced so as to increase the assessed value thereof by not less
than fifteen (15) per cent and which structure is used for residential use.
Sec. 8-95. Eligibility.
Any owner of real estate upon which there exists a structure of not less
than fifteen (15) years of age, proposed to be substantially rehabilitated for
residential use, and located, in whole or in part, within the R-l, R-2 or R-3
zoning districts shall be eligible to apply for an exemption.
This ordinance shall become effective as provided by law.
INTRODUCED:
PUBLIC HEARING:
ADOPTED:
July 9, 1996
July 23, 1996
luly 23, 1996
DATE
ATTEST: