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MOTION:CADDIGAN March 18,1997 <br />Regular Meeting <br />SECOND:JENKINS Res,No,97-220 <br />RE:AUTHORIZE PUBLICATION OF FISCAL 1998 (TAX YEAR 1997) <br />AGGREGATE ASSESSED VALUE OF ALL REAL PROPERTY <br />EXEMPTED FROM TAXATION,THE TOTAL REDUCTION IN TAX <br />REVENUES RESULTING FROM SUCH EXEMPTIONS AND THE <br />PERCENTAGE THE EXEMPTIONS REPRESENT OF THE <br />AGGREGATE ASSESSED VALUE OF ALL REAL PROPERTY <br />ACTION:APPROVED <br />WHEREAS,Section 58.1-3604 of the State Code provides that public notice <br />shall occur on an annual basis,at the same time and in the same publication,or in the same <br />manner,as notice ofthe local real estate tax rates,a statement indicating the aggregate assessed <br />value of all real property exempted from taxation and the total reduction in tax revenues <br />resulting from such exemptions;and <br />WHEREAS,Section 58.1-3604 of the State Code provides that a computation <br />of the percentage such exempt property represents in relation to all property assessed within the <br />county shall be published annually by such local assessing officer;and <br />WHEREAS,public hearings regarding real estate tax rates and the FY 1998 <br />Fiscal Plan are scheduled for April 7 and 8,1997; <br />NOW,THEREFORE,BE IT RESOLVED that the Prince William Board of <br />County Supervisors does hereby authorize the publication,in the same manner as notice of the <br />local real estate tax rates,a statement indicating the aggregate assessed value of all real property <br />exempted from taxation,the total reduction in tax revenues resulting from such exemptions and <br />the percentage the exemptions represent of the aggregate assessed value of all real property. <br />STATEMENT OF DISCLOSURE PRIOR TO VOTE -JOHN D.JENKINS <br />Votes: <br />Ayes:Barg,Caddigan,Hill,Jenkins,McQuigg,Seefeldt,Thompson,Wilbourn <br />Nays:None <br />Absent from Vote:None <br />Absent from Meeting:None <br />For information: <br />Director of Finance <br />Assistant County Executive -CG <br />CERTIFIED COPY