To amend and reordain Section 28-76 of the Code of the City of Richmond, 1985, concerning the levy and collection of taxes in relation to the levy of the tax on real estate to establish a tax rate of one dollar and fifty-three cents ($1.53) for the tax year beginning January 1, 1987, and for each year thereafter until otherwise provided bylaw or ordinance, on each one hundred dollars of assessed evaluation on all real estate located in the City of Richmond, other than real estate of public service corporations assessed by the State Corporation Commission, at other than its fair market value and not adjusted to its fair market value, and establishing a tax rate of such sum as may be computed in accordance with Section 28-77 of the Code of the City of Richmond, 1985, (Ordinance No. 77-104-91, adopted May 9, 1977) (i.e., $3.825) on each one hundred dollars of assessed evaluation for the real estate of public service corporations so assessed by the State Corporation Commission at other than its fair market value ana not adjusted to its fair market value for the tax year beginning January 1, 1987, and for each year thereafter unless otnerw1se provided by law or ordinance, increasing such rates from one dollar forty-seven cents ($1,47) and Three dollars sixty-seven and fifty hundredths cents ($3.675), respectively.

Committee

City Council

Introduced

August 12, 2024

On agenda

March 25, 1986

Passed

May 28, 1986