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2022-05ORDINANCE NO. 2022-05 AN ORDINANCE READOPTING CHAPTER 90, ARTICLE II, DIVISION 1, SECTION 90-33 OF THE CODE OF THE CITY OF FAIRFAX, VIRGINIA, PERTAINING TO CLASSIFICATION AND TAXATION OF CERTAIN REAL PROPERTY IN THE CITY OF FAIRFAX USED FOR OR ZONED FOR COMMERCIAL AND INDUSTRIAL PURPOSES, AND TO ESTABLISH A TAX RATE ON SUCH REAL PROPERTY FOR THE 2022 TAX YEAR, REVENUES FROM WHICH WOULD BE USED EXCLUSIVELY FOR TRANSPORTATION PURPOSES THAT BENEFIT THE CITY OF FAIRFAX BE IT ORDAINED, by the City Council of the City of Fairfax, Virginia, that Chapter 90, Article II, Division 1, Section 90-33 of the Code of the City of Fairfax, Virginia, is hereby readopted in its entirety as follows: Sec. 90-33. Classification and taxation of certain commercial and industrial real property in the City of Fairfax for transportation purposes. (a) Beginning January 1, 2008, and for each tax year thereafter, and solely for the purposes of imposing the tax authorized pursuant to Code of Virginia § 58.1-3221.3, all taxable real property in the city used for or zoned to permit commercial or industrial uses is hereby declared to be a separate class of real property for local taxation. (b) Such classification of real property shall exclude all residential uses and all multifamily residential uses, including but not limited to single family residential units, cooperatives, condominiums, townhouses, apartments, or homes in a subdivision when leased on a unit by unit basis even though these units may be part of a larger building or parcel of real estate containing more than four residential units. (c) In addition to all other taxes and fees permitted by law, the real property herein specially classified under subsection (a) may be subject to an amount of real property tax, in addition to such amount(s) otherwise authorized by law, at a rate imposed annually by the city council by ordinance, such rate not to exceed SO.125 per $100.00 of assessed value. (d) Upon appropriation by the city council, all revenues generated from the additional real property tax imposed in accordance with subsection (c) shall be used exclusively for transportation purposes that benefit the city. (e) The additional real property tax imposed under this Section shall be levied, administered, enforced, and collected in the same manner as set forth in title Code of Virginia, title 58.1, subtitle 111, for the levy, administration, enforcement, and collection of local taxes. In addition, the city assessor shall separately assess and set forth upon city's land book the fair market value of that portion of property that is defined as a separate class of real property for local taxation in accordance with the provisions of this Section. (f) That all commercial and industrial property classified for taxation pursuant to this section shall be taxed at a rate of $ 3 25 per $100.00 of assessed valuation of real estate and improvements thereon, said levy to be imposed for the calendar year beginning on January 1, 2022, and due and payable in the same manner as other real property taxes and levies of the city. This ordinance shall be effective as of January I, 2022, as provided by law. INTRODUCED: April 12, 2022 PUBLIC HEARING: April 26, 2022 ENACTED: May 3, 2022 Clerk r i ,ice. fir5twwn 1ZIy Y �G Mayor Meyer Aye Councilmember Harmon Aye Councilmember Lim Aye Councilmember Miller Aye Councilmember Ross Aye Councilmember Stehle Aye Councilmember Yi Aye Mayor to