[Amended 8-14-1980]
A. 
The Town Treasurer shall make and preserve a book in which the real estate of the Town is assessed and one in which the personal property, excluding household goods, of the Town is assessed for taxation and shall return the same to the Town Council at such time as it may prescribe for its inspection and approval. The assessment of real estate and personal property, excluding household goods, for the purpose of taxation shall be the same as the assessment thereof for the purpose of state and county taxes, if assessed for taxation by the state and county.
B. 
Penalty and interest on delinquent real estate and personal property tax bills shall be added at the following rates:
(1) 
Ten percent penalty December 6.
(2) 
Eight percent interest per annum July 1.
[Amended 12-17-1992]
Pursuant to the Code of Virginia, § 58.1-3210, exemption or deferral of taxes on property of certain elderly and handicapped persons is allowed. Exemption or deferral of real estate taxes and personal property taxes on mobile homes only for the Town of Middletown shall be allowed as follows:
A. 
Any person or persons who qualify for exemption or tax relief when applying with Frederick County shall then be eligible for tax relief from the Town of Middletown on the same percentage basis as allowed by Frederick County.
B. 
Exemption shall be granted upon presentation of evidence from Frederick County that the person or persons have been approved for exemption through Frederick County qualifying procedures.
[Added 12-12-2005]
A. 
Purpose; definitions; relation to other ordinances.
(1) 
The purpose of this section is to provide for the implementation of the changes to the Personal Property Tax Relief Act (PPTRA) effected by legislation adopted during the 2004 Special Session I and the 2005 Regular Session of the General Assembly of Virginia.
(2) 
Terms used in this section that have defined meanings set forth in PPTRA shall have the same meanings as set forth in Code of Virginia, § 58.1-3523, as amended.
(3) 
To the extent that the provisions of this section conflict with any prior ordinance of the Town of Middletown, this section shall control.
B. 
Method of computing and reflecting tax relief.
(1) 
For tax years commencing in 2006, the Town of Middletown adopts the provisions of Item 503.E of the 2005 Appropriations Act, provided for the computation of tax relief as a specific dollar amount to be offset against the total taxes that would otherwise be due but for PPTRA and the reporting of such specific dollar relief on the tax bill.
(2) 
The Council shall, as part of the annual budget adopted pursuant to Section 3524 of Title 58.1 of the Code of Virginia (and § 192-2 of the Town Code), set the rate of tax relief at such a level that it is anticipated fully to exhaust PPTRA relief funds provided to the Town of Middletown by the commonwealth.
(3) 
Personal property tax bills shall set forth on their face the specific dollar amount of relief credited with respect to each qualifying vehicle, together with an explanation of the general manner in which relief is allocated.
C. 
Allocation of relief among taxpayers.
(1) 
Allocation of PPTRA relief shall be provided in accordance with the general provisions of this section, as implemented by the specific provisions in the Town of Middletown's annual budget relating to PPTRA relief.
(2) 
Relief shall be allocated in such a manner as to eliminate personal property taxation of each qualifying vehicle with an assessed value of $1,000 or less.
(3) 
Relief with respect to qualifying vehicles with assessed values of more than $1,000 shall be provided at a rate annually fixed in the Town's budget and applied to the first $20,000 in value of each such qualifying vehicle that is estimated fully to use all available state PPTRA relief. The rate shall be established annually as a part of the adopted budget for the Town of Middletown.
D. 
Transitional provisions.
(1) 
Pursuant to authority conferred in Item 503.D of the 2005 Appropriations Act, the Town Treasurer is authorized to issue a supplemental personal property tax bill, in the amount of 100% of tax due without regard to any former entitlement to state PPTRA relief, plus applicable penalties and interest, to any taxpayer whose taxes with respect to a qualifying vehicle for tax year 2005 or any prior tax year remain unpaid on September 1, 2006, or such date as state funds for reimbursement of the state share of such bill have become unavailable, whichever earlier occurs.
(2) 
Penalty and interest with respect to bills issued pursuant to Subsection D(1) of this section shall be computed on the entire amount of tax owed. Interest shall be computed at the rate provided in § 192-2 of the Code of Middletown from the original due date of the tax.