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AN ORDINANCE <br />TO ESTABLISH THE ANNUAL TAX LEVY <br />ON VARIOUS CLASSES OF PROPERTY FOR THE <br />PAYMENT OF INTEREST AND RETIREMENT OF THE CITY DEBT, <br />FOR THE SUPPORT OF THE CITY GOVERNMENT AND <br />CITY SCHOOLS, AND FOR OTHER PUBLIC PURPOSES. <br /> BE IT ORDAINED by the Council of the City of Charlottesville that for the year beginning <br />on the first day of January, 2018 and ending the thirty-first day of December, 2018, and each <br />year thereafter which this ordinance is in force, the taxes on property in the City of <br />Charlottesville shall be as follow: <br /> Section 1. Real Property and Mobile Homes <br /> On tracts of land, lots or improvements thereon and on mobile homes the tax shall be $.95 on <br />every $100 of the assessed value thereof, to pay the general operating expenses of the City and to <br />pay the interest and retirement on the City debt. <br /> Section 2. Personal Property <br /> On all automobiles, trucks, motorcycles and other motor vehicles; boats and aircraft; and on <br />all tangible personal property used or held in connection with any mining, manufacturing or <br />other business, trade, occupation or profession, excluding furnishings, furniture and appliances in <br />rental units, the tax shall be $4.20 on every $100 of the assessed value thereof, to pay the general <br />operating expenses of the City and to pay the interest and retirement on the City debt. <br /> Section 3. Public Service Corporation Property <br />(a) On that portion of the real estate and tangible personal property of public service <br />corporations which has been equalized as provided in section 58.1-2604 of the Code of Virginia, <br />as amended, the tax shall be $.95 on every $100 of the assessed value thereof determined by the <br />State Corporation Commission. <br />(b) The foregoing subsections to the contrary notwithstanding, on automobiles and trucks <br />belonging to such public service corporations the tax shall be $4.20 on every $100 of assessed <br />value thereof. <br />(c) Such taxes are levied to pay the general operating expenses of the City and to pay the <br />interest and retirement on the City debt. <br /> Section 4. Machinery and Tools <br /> On machinery and tools used in a manufacturing or mining business the tax shall be $4.20 on <br />every $100 assessed value thereof, to pay the general operating expenses of the City and to pay <br />the interest and retirement on the City debt.