Loading...
2007-23 ORDINANCE NO. 2007-23 AN ORDINANCE AlVIENDING CHAPTER 90, ARTICLE II, DIVISION 1 OF THE CODE OF THE CITY OF FAIRFAX:, VIRGINIA, TO ADD A NE"'" SECTION 90-33 PERTAINING TO CLASSIFICATION AND TAX:ATION OF CERTAIN COlVIlVIERCIAL AND INDUSTRIAL REAL PROPERTY IN THE CITY OF FAIRFAX: FOR TRANSPORTATION PURPOSES BE IT ORDAINED, by the City Council of the City of Fairfax, Virginia, that Chapter 90, Article II.. Division 1 of the Code of the City of Fairfax,. Virginia,. is hereby amended to insert a ne'\.V Section 90-33,. ~hich shall read in its entirety as follovvs: Sec. 90-33. Classificat:ion and t:axat:ion o,C certain commercial and indust:rial real property in t:he Cit:yoC Fairfax Cor t:ransport:at:ion purposes. (a) :Beginning January 1.. 2008, and for each tax year thereafter.. and solely for the purposes of imposing t.he tax authorized pursuant to Section 58.1-3221.2 of the Code of Virginia.. all taxable real property in the city used ror or zoned to permit commercial or industrial uses is hereby declared to be a separate class oIrcal property for local taxation. (b) Such classification orrea] property shall exclude all residential uses and all multifamily residential uses,. including but not limited to single family residential uses and all multifamily residential uses,. including but not limited to single family residential units,. cooperatives,. condominiums, tovvnhouses, apartments, or homes in a subdivision vvhen leased on a unit by unit basis even though these units may be part of a larger building or parcel or real estate containing more than four residential uni1:s. (c) In addition to all other taxes and fees permitted by la-V\!", the real property herein specially classified under Section 90-33(a) may be su.bject to an amount of real property 1:ax,. in addition 1:0 such amount(s) othervvise authorized by la"VV,. at a rate imposed annually by the city council; such rate not to exceed $0.25 per $100 or assessed value. (d) Upon appropriation by the city council, all revenues generated Tram the additional real property tax imposed in accordance V\l'"ith Section 90-33(c) shall be used exclusively ror transportation purposes that benefit the city. (e) The addi1:ional real property tax imposed under this Section shall be levied,. administered, enforced, and collected in the same manner as set forth in Subtitle III of Title 58.1 of the Code of Virginia,. for the levy,. administration,. enforcement,. and collection of local taxes. In addition, the city assessor shall separately assess and set forth u.pon city"s land book the fair market value of that portion of property that is defined as a separate class or real property for local taxation in accordance V\l'"ith the provisions orthis Section. This ordinance shall become effective on January 1,2008,. as provided by lavv. INTRODUCED: October 23, 2007 PUBLIC HEARING: November 13,2007 ENACTED: November 13,2007 ~~~ l\.Ilayor /2/~//?7 bate ~ t;?J~~~ City Clerk / VOTE: CouncilV\l'"oman Cross Councilman Greenfield CouncilV\l'"oman Lyon Councilman Rasmusse.n Councilman Silverthome Councilmember V\Tinter Aye Aye Aye Aye Aye Aye