CHAPTER 465

An Act to amend and reenact § 58-851 of the Code of Virginia, relating
to different rates of levy on different classes of property. tH 651]

Approved April 3, 1954
Be it enacted by the General Assembly of Virginia:

1. That § 58-851 of the Code of Virginia be amended and reenacted
as follows:

§ 58-851. The governing body of any county, city or town in laying
levies on all taxable real estate, tangible personal property and merchants’
capital may impose one rate of levy on real estate, another rate of levy
on tangible personal property and another rate of levy on merchants’
capital or it may impose the same rate of levy on any’ two or all of these
subjects of taxation.

The governing body of any county may in its discretion classify
farm machinery, farm tools or farm live stock separately from other
tangible personal property and may fix the rate of levy thereon, but the
rate shall not be higher than that imposed by it upon other tangible
personal property in the county and district.

The governing body of any county, city or town may in its discretion
classify household items set forth in § 58-829 (9), (10), (11) and (12)
separately from other tangible personal property and may fiz the rate of
levy thereon, but the rate shall not be higher than that wmposed by such
governing body upon other tangible personal property in such county,
city or town.