Sec. 12.01. - Annual assessment, etc., of real estate for taxation; authority of council.
Sec. 12.02. - Basis of assessment of real estate for taxation.
Sec. 12.04. - Same; powers; procedural regulations.
Sec. 12.06. - Real estate assessable by State Corporation Commission.
Sec. 12.01. - Annual assessment, etc., of real estate for taxation; authority of council.
The council shall have the power, in lieu of the means and methods prescribed by law, to provide by ordinance for the annual assessment and reassessment and equalization of assessments of real estate for local taxation.
Sec. 12.02. - Basis of assessment of real estate for taxation.
Such assessment or reassessment shall be made on the same basis as real estate is required to be assessed under the provisions of the Code of Virginia, except that such assessments or reassessments shall be made annually and the assessments and reassessments so made shall have the same effect as if they had been made under the provisions of the Code of Virginia; provided, however, that nothing contained herein shall prevent the assessment or reassessment of real estate at more frequent intervals when so authorized by the Code of Virginia.
Notwithstanding any provisions of §§ 58-895 to 58-902 [58.1-3370—58.1-3377] and 58-914 [repealed] of the Code of Virginia, as amended, the court of record en banc of the city or the judges thereof in vacation shall, annually, appoint for the city a board of review of real estate assessments to be composed of three members, who shall be freeholders of the city for which they serve. The terms of such members shall commence on September one of the year in which they are appointed and shall expire on the thirtieth day of November of the year in which they are appointed, unless their terms are extended. Such courts of the judges thereof in vacation may extend the terms of the members of the board of review and shall fill any vacancy therein for the unexpired term. The members of the board shall receive per diem compensation for the time actually engaged in the duties of the board to be fixed by the council of the city, and to be paid out of the treasury of the city, and the council may limit the per diem compensation to such number of days as, in its judgment, is sufficient for the completion of the work of the board.
Sec. 12.04. - Same; powers; procedural regulations.
Such board of review shall have and may exercise the power to revise, correct and amend any assessment of real estate made in the year in which they serve, and to that end shall have all powers conferred upon boards of equalization by §§ 58-903 to 58-912 [58.1-3378—58.1-3387], inclusive, of the Code of Virginia, as amended. Notwithstanding any provision of such sections, however, the board of review may adopt any regulations providing for the oral presentation, with formal petitions or other pleadings of requests for review, and looking to the further facilitation and simplification of proceedings before the board.
Any person, or the city, aggrieved by any assessment made by the board of review may apply for relief in the manner provided by §§ 58.1-3984 to 58.1-3993, inclusive, of the Code of Virginia, as amended.
Sec. 12.06. - Real estate assessable by State Corporation Commission.
This charter shall not apply to the assessment of any real estate assessable under the law by the State Corporation Commission.