State Codes and Statutes
Statutes > Virginia > Title-15-2 > Chapter-11 > 15-2-1104§ 15.2-1104. Taxes and assessments.
A municipal corporation may raise annually by taxes and assessments onproperty, persons and other subjects of taxation, which are not prohibited bylaw, such sums of money as in the judgment of the municipal corporation arenecessary to pay the debts, defray the expenses, accomplish the purposes andperform the functions of the municipal corporation, in such manner as themunicipal corporation deems necessary or expedient. A municipal corporationmay also establish by ordinance a discount for the early payment of any suchtaxes or assessments.
(Code 1950, § 15-77.5; 1958, c. 328; 1962, c. 623, § 15.1-841; 1997, c. 587;2003, c. 216.)
