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Rappahannock County, VA
 
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Code
New Laws (3) Index
[Adopted 7-7-2010]
[1]
Editor's Note: Former Art. XI, Penalties and Interest, was amended in its entirety 3-3-2003, and redesignated as Art. XVI of this chapter. See now Art. XVI, Penalties and Interest; Due Dates.
A. 
The Board of Supervisors of Rappahannock County hereby declares that the redevelopment, conservation and/or rehabilitation of properties in certain designated areas or districts serves the public interest by improving property values, increasing tax revenue, providing employment and furthering economic activity. Towards these ends, a partial tax exemption on the value of qualifying improvements constructed in such designated areas or districts for such period as the Board shall designate, not to exceed 15 years, may be granted by the Board in the manner set forth in Subsection B of this § 151-43 and in § 58.1-3219.4 et seq., of the Code of Virginia.
B. 
The Board may by amendments to this Article XI from time to time designate separate redevelopment, conservation or rehabilitation areas or districts, and for each specify: 1) the qualification criteria, restrictions and conditions applicable within the area or district; 2) the amount of the real property improvement exemption; and 3) the period of said exemption. Such areas or districts shall be listed in § 151-46, below, as they are created by the Board. The Board may vary the qualification criteria, restrictions, conditions, exemption amount and period of the exemption between the various areas or districts, but these shall be uniform within a specific area or district.
A. 
Nothing in this article shall be construed so as to permit the Commissioner of the Revenue to list upon the land book any reduced value due to the exemption provided in § 151-46.
B. 
Where the construction of a new structure is achieved through demolition and replacement of an existing structure, the exemption provided shall not apply when any structure demolished is a registered Virginia landmark or is determined by the Department of Historic Resources to contribute to the significance of a registered historic district
There shall be a fee of $125 for residential properties and $250 for commercial, industrial and/or apartment properties of six units or more for processing an application requesting the exemption provided in § 151-46. No property shall be eligible for such exemption unless the appropriate building permits have been acquired and the Commissioner of the Revenue has verified that the new structures or other improvements have been completed.
(Reserved)