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AN ORDINANCE NO. 1511 Establishing a tax rate pursuant to Chapter 35.1 of Title 58.1 of the Code of Virginia (Personal Property Tax Relief) on all qualifying vehicles under the Chapter. THE CITY OF
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Establishing a tax rate is the process of determining the percentage at which income or resources will be taxed.
Government authorities or legislative bodies are typically responsible for establishing tax rates.
Establishing a tax rate is usually done through legislative or administrative processes.
The purpose of establishing a tax rate is to generate revenue for government operations and public services.
Information such as the type of tax, the tax rate percentage, and the tax base must be reported when establishing a tax rate.
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