58.1-3008 - Different rates of levy on different classes of property. - Virginia Statutes

§ 58.1-3008. Different rates of levy on different classes of property.

The governing body of any county, city or town in laying levies on taxablereal estate, tangible personal property and merchants' capital may imposedifferent rates of levy on real estate, merchants' capital, tangible personalproperty or any separate class thereof authorized under Chapter 35 (§58.1-3500 et seq.), and machinery and tools, or it may impose the same rateof levy on any or all of these subjects of taxation. Such rates shall conformto the requirements set forth in such Chapter 35.

(Code 1950, § 58-851.2; 1952, c. 507; 1970, c. 748; 1984, c. 675.)