Any locality may by ordinance develop a method for returning surplus real or personal property tax revenues, or both, to taxpayers who are assessed such taxes in any fiscal year in which the locality reports a surplus. The locality may reduce a taxpayer's refund by the amount of any taxes, penalties, and interest that are due from such taxpayer, or any past-due taxes, penalties, and interest that have been assessed within the appropriate period of limitations.
2001, c. 246; 2005, c. 835; 2022, cc. 165, 166.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 25 - Budgets, Audits and Reports
§ 15.2-2500. Uniform fiscal year for all localities and school divisions
§ 15.2-2502. Notification by state officials and agencies
§ 15.2-2503. Time for preparation and approval of budget; contents
§ 15.2-2504. What budget to show
§ 15.2-2505. Budget may include reserve for contingencies and capital improvements
§ 15.2-2507. Amendment of budget
§ 15.2-2508. Governing bodies may require information of departments, etc.
§ 15.2-2509. Auditor to devise system of bookkeeping and accounting
§ 15.2-2510. Comparative report of local government revenues and expenditures
§ 15.2-2511.1. Return of local surplus funds
§ 15.2-2511.2. Duties of local government auditors
§ 15.2-2512. Audit of accounts of certain county officers, boards and commissions