As used in this article, the following terms
shall have the meanings indicated:
DUE DATE
Every taxpayer owning any of the property mentioned within
this article on January 1 of any year shall file an annual return,
on the forms prescribed, with the Commissioner of Revenue of Mathews
County. Every person who leases any of such property located in Mathews
County from the owner thereof on such date shall file a return with
the Commissioner of Revenue of Mathews County giving the name and
address of the owner, except any person leasing a motor vehicle which
is subject to the tax imposed under § 58.1-2402, Code of
Virginia, as amended. Such returns shall be filed on or before May
1 of each year. Every fiduciary shall file the returns mentioned within
this article with the Commissioner of Revenue of Mathews County. All
annual taxes or levies shall be paid on or before December 5 of each
year.
MACHINERY AND TOOLS
As defined within § 58.1-3507 and other sections
of the Code of Virginia and as otherwise amended or redefined by the
General Assembly.
MERCHANTS' CAPITAL
As defined in § 58.1-3510 of the Code of Virginia,
as amended.
[Added 9-25-2001]
TANGIBLE PERSONAL PROPERTY
All personal property not otherwise classified by § 58.1-1100
as intangible personal property or by § 58.1-3510 as merchants'
capital.
[Amended 9-25-2001]
TAX DATE
Tangible personal property, machinery and tools and merchants'
capital shall be returned for taxation as of January 1 of each year.
The status of all persons, firms, corporations, and other taxpayers
liable to taxation on any of such property shall be fixed as of the
date aforesaid in each year, and the value of all such property shall
be taken as of such date.
TAXPAYER
Any individual, business, firm, or corporation or others
owning tangible personal property, machinery and tools, and merchants'
capital located in Mathews County on January 1 of each year are considered
to be taxpayers.
This article is enacted pursuant to § 58.1-3916,
Code of Virginia, as amended, for the purpose of obtaining the returns
required on tangible personal property, machinery and tools, and merchants'
capital in a timely manner and to collect all annual taxes or levies
on such property and on real property in a timely manner.