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File #: ORD. 2019-058    Version: 1 Name:
Type: Ordinance Status: Stricken
File created: 3/6/2019 In control: City Council
On agenda: 5/6/2019 Final action: 5/6/2019
Title: To amend and reordain City Code ? 26-355, concerning the levy of tax on real estate, to increase the real estate tax rate from $1.20 to $1.29 for every $100 of assessed value of real estate for the tax year beginning Jan. 1, 2020.
Patrons: Mayor Stoney
Attachments: 1. Ord. No. 2019-058
Related files: ORD. 2019-041

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To amend and reordain City Code § 26-355, concerning the levy of tax on real estate, to increase the real estate tax rate from $1.20 to $1.29 for every $100 of assessed value of real estate for the tax year beginning Jan. 1, 2020.

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THE CITY OF RICHMOND HEREBY ORDAINS:

§ 1.                     That section 26-355 of the Code of the City of Richmond (2015) be and hereby is amended and reordained as follows:

Sec. 26-355.  Levy.

There shall be levied and collected for each year on all real estate located in the City not exempt from taxation a tax of one dollar and [twenty cents ($1.20)] twenty-nine cents ($1.29) for the tax year beginning January 1, [2019] 2020, and for each year thereafter, until otherwise provided by law or ordinance, for each one hundred dollars ($100) of assessed evaluation thereof for general purposes.

§ 2.                     This ordinance shall be in force and effect as of January 1, 2020.