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• Prepared 10/2/89 <br />AN ORDINANCE <br />TO AMEND AND REORDAIN SECTION 10-18.1 OF CHAPTER 10, <br />AND TO ADD ARTICLE XVI TO CHAPTER 10, OF THE CODE <br />OF THE CITY OF CHARLOTTESVILLE, 1976, AS AMENDED, <br />FOR TAXATION OF DAILY RENTAL PROPERTY. <br />BE IT ORDAINED by the Council of the City of Charlottesville, <br />Virginia, that: <br />1. Section 10-18.1 of Article IIA of Chapter 10 of the Code <br />of the City of Charlottesville, 1976, as amended, is hereby amended <br />and reordained, and a new article, numbered Article XVI, shall be <br />added to Chapter 10 of the Code of the City of Charlottesville, <br />1976, as amended, to read as follows: <br />ARTICLE IIA. ASSESSMENT OF PERSONAL PROPERTY, <br />MACHINERY AND TOOLS. <br />Section 10-18.1. Classes of tangible personal property <br />subject to taxation; method of valuation. <br />• (14) All tangible personal property, with the exception of <br />daily rental property as defined in Section 10-104, employed in a <br />trade or business other than that described in paragraphs (1) <br />through (13) of this subsection, which shall be valued by means of <br />a percentage or percentages of original cost. <br />ARTICLE XVI. SHORT-TERM RENTAL TAX. <br />Section 10-104. Definitions. <br />The following words and phrases, when used in this article, <br />shall, for the purposes of this article, have the following <br />respective meanings: <br />Affiliated. Any common ownership interest in excess of five <br />percent (5%) of any officers or partners in common with the lessor <br />and lessee. <br />Commissioner. The commissioner of the revenue of the city and <br />any of the commissioner's duly authorized deputies or agents. <br />Daily rental property. All tangible personal property held <br />• for rental and owned by a person engaged in the short-term rental <br />1 <br />