HomeMy WebLinkAbout2002-08Ordinance 2002-08
Ordinance for the Taxation of Substantially Completed Buildings
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ADOPTED: June 20, 2002
EFFECTIVE: June 20, 2002
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ORDINANCE 2002-08
ORDINANCE FOR THE TAXATION OF SUBSTANTIALLY COMPLETED
BUILDINGS
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WHEREAS, the Pulaski Town Council, sitting in special session, has determined that it is
in the public's best interest and welfare to adopt an ordinance providing for the taxation of
substantially completed buildings: and
WHEREAS, the Pulaski Town Council has advertised in accordance with law for a public
hearing on June 20, 2002, wherein the comments of the public were received concerning the
proposed taxation of substantially completed buildings;
NOW, THEREFORE BE IT HEREBY ORDAINED, that pursuant to Section 58.1-
3292 of the Code of Virginia, 1950, as amended, all new building in the Town of Pulaski,
Virginia, substantially completed, or fit for use and occupancy prior to November 1~ of the year
of completion shall be assessed when completed or fit for use and occupancy, and the Director of
Finance of the town of Pulaski, shall enter in the books the fair market value of such building. No
partial assessment as provided herein shall become effective until information as to the date and
amount of such assessment is recorded in the office of the Director of Finance of the Town of
Pulaski on real property and made available for public inspection. The total tax on any such new
building for that year shall be the sum of (1) the tax upon the assessment of the completed
building, computed according to the ratio of which portion of the year such building was not
substantially complete or fit for use and occupancy bears to the entire year. With respect to any
assessment made under this Ordinance after September 1~ of any year, the penalty for
nonpayment by December 5`~ shall be extended to February 5~` of the succeeding yeaz.
This ordinance if effective upon adoption and is adopted this 20`~ day of June 2002 by
recorded vote as follows:
Jeffrey S. Worrell A y e
Pauline G. Mitchell ~~
Daniel Talbert, Jr. ~
Bettye H. Steger A y e
E. G. Black, Jr. A y e
James M. Neblett, Jr. ~,~
Kenneth M. Fleenor A v e
Lane R. Penn ~,~
THE TOWN OF PULASKI,
By:
3. Steger
Mayor
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Attested:
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Patricia Cruise
Clerk of Council
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I, Patricia Cruise, Clerk of Council, certify that the foregoing Ordinance 2002-08,
Ordinance for the Taxation of Substantially Completed Buildings, is a true and correct
copy as adopted by the Pulaski Town Council at their regular meeting on June 4, 2002.
A G.. ,
Patricia Cruise, Clerk of Council
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tp/c/ordinance/certification 2002-08
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