Title
Ordinance to set the Tax Rate on Privately Owned Camping Trailers Used for Recreational Purposes Only, Privately Owned Travel Trailers Used for Recreational Purposes Only, Certain Privately Owned Trailers Used for the Transportation of Horses, and Privately Owned Motor Homes Used For Recreational Purposes Only in the City of Hampton, Virginia for the Calendar Year beginning January 1, 2018 and ending December 31, 2018
Purpose
PURPOSE/BACKGROUND:
Ordinance to adopt the tax rates applicable to two (2) classificaitons of tangible personal property liable for such levy in the City of Hampton, Virginia as presented in the City Manager's Recommended Budget for Fiscal Year 2018, including (1) privately owned camping trailers, travel trailers and certain privately owned trailers used to transport horses; and (2) motor homes used for recreational purposes
Discussion:
This ordinance includes a proposed rate change from $0.000001 per $100 of assessed value to $1.50 per $100 of assessed value for the following classifications: (1) privately owned camping trailers, travel trailers and certain privately owned trailers used to transport horses; and (2) motor homes used for recreational purposes only that would be effective January 1, 2018. All other rates remain the same as approved for Fiscal Year 2017, including all other taxes and fees imposed on all types of recreational vehicles, including boats. Those tax rates shall be applicable throughout the entire City, including Fort Monroe and the U.S. Government Reservations of Langley Field and the Kecoughtan Veterans Facility, and are less than the general tangible personal property tax rate of Four and 50/100 Dollars ($4.50), as required by Code of Virginia Sec. 58.1-3506.
The public hearings necessary to approve the budget and all proposed personal property tax rates were duly advertised in the Daily Press on April 16, 2017 and April 23, 2017. Pursuant to Hampton City Code Sec. 2-50, no ordinance imposing taxes shall be passed on the same day of its introduction. This ordinance was first introduced as part of Agenda Item 17-0071 on May 3, 2017 where it was approved for First Reading only. Final approval is requested at Council's meeting on May 10, 2017.
Impact:
The proposed January 1, 2018 tax rate changes result in additional projected revenues of $135,000 for Fiscal Year 2018.
Recommendation:
Rec
May 10, 2017: Final Approval.
Body
BE IT ORDAINED by the City Council of the City of Hampton, Virginia, that the City levy for the calendar year beginning January 1, 2018, on each $100.00 of assessed value of certain classifications of tangible personal property which are liable for such levy within and throughout the entire City of Hampton, Virginia, including Fort Monroe and the U.S. Government Reservations of Langley Field and the Kecoughtan Veterans Facility, for the purpose of meeting the requirements of the Hampton City Code §2-50, to wit:
For the period from January 1, 2018 to December 31, 2018, the following classifications of classifications of tangible personal property shall be taxed at the rates set forth below.
Privately owned camping trailers as defined in Code of Virginia §46.2-100, privately owned travel trailers as defined in Code of Virginia §46.2-1900, which are used for recreational purposes only, and privately owned trailers as defined in Code of Virginia §46.2-100 which are designed and used for the transportation of horses except those trailers described in Code of Virginia §58.1-3505(A)(11), as per Code of Virginia §58.1-3506(A)(18) shall be taxed at a rate of One and 50/100 Dollars ($1.50) per $100.00 of assessed value.
Privately owned motor homes as defined in Code of Virginia Code §46.2-100 used for recreational purposes only, as per Code of Virginia §58.1-3505(A)(30) shall be taxed at a rate of One and 50/100 Dollars ($1.50) per $100.00 of assessed value.