R-12-19 RESOLUTION NO. R-12-19
A RESOLUTION SETTING THE ALLOCATION PERCENTAGE X FOR THE 2012 AXYEAR
PROPERTY TAX RELIEF IN THE CITY OF A
WHEREAS, the Personal Property Tax Relief Act by 98he enactmentgofiChap e r 1 of the
seq., (the "PPTRA") has been substantially mod ified
Acts of Assembly, 2004 Special Session I (Senate Bill 5005), and the p ovis to ns
the of Item 03
of Chapter 951 of the 2005 Acts of Assembly
Appropriations Act); and s
to
WHEREAS, these legislative enactments have the computation e and d allocation olf relief p o p ded
implement these changes, and to provide for
pursuant to the PPTRA as revised; and
WHEREAS, the City Council, by resolution adopted F February, 2006 I of the
R-
06-03), implemented the changes to the PPTRA by
Acts of Assembly, 2004 Special Session I and of Item 503 of the 2005 Session Revisions to
the 2004-06 Appropriations Act; and
WHEREAS, this resolution is adopted pursuant to the requirements of Resolution No. R-06-
03.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Fairfax, as
follows:
1. That qualifying personal use n vehicles with ane s sess property less t hn or equal to
$1,000.00 will be eligible for 100.00/o tax relief fr p
2. That qualifying personal use vehicles with an assessed value
tax rater th than
p 00 o 00
but less than or equal to $20,000.00 will be eligible for
property taxation.
3. That qualifying personal use vehicles having an assessed value of greater than
$20,000.00 shall only receive 50.65% tax relief from personal property taxation on the first
$20,000.00 of assessed value.
but
4. That all other vehicles which do not meet the definition
like) Lwill notibe"eligible for any
not limited to, business use vehicles, motor homes
form of tax relief under this program.
5. That the above percentages of relief applied to the categories al of qt lifying
the Crtopersonal
use vehicles are estimated to fully use all available PPTRA funds
Fairfax by the Commonwealth of Virginia.
BE IT FURTHER RESOLVED that terms used herertht naCode defined meanings§581-3523, as
in the PPTRA shall have the same meanings as set forth other
amended, and to the extent that the provisions ions oft is resolution shalllcontrol. any
provision of the laws of the city, that the provisions
IT FURTHER RESOLVED that this resolution shall be effective as provided by law.
Adopted this 22°' day of May, 2012.
� 1
Mayor
ATTEST:
3Amw,LAI
City Clerk
The vote on the motion to approve was recorded as follows:
VOTE:
Councilman Drummond Aye
Councilman Greenfield Aye
Councilman Meyer Aye
Councilmember Schmidt Aye
Councilman Silverthorne Aye
Councilman Stombres