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 t...
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