§ 58-10. Triennial review of exemptions.

(a)

Except for the Commonwealth of Virginia, any political subdivision of the commonwealth, or the United States and its departments and agencies, every organization which owns real and personal property in Cumberland County, Virginia previously exempt pursuant to Chapter 36 of Title 58.1 of the Code of Virginia, shall be required to file triennially an application with the commissioner of revenue on such forms as the commissioner shall prescribe as a requirement of retention of exempt status of the property.

(b)

Every organization exempt pursuant to section 58-5 shall be required to file triennially following approval of its exemption, an application with the commissioner of revenue as a requirement of retention of exempt status of the property.

(c)

The commissioner of revenue shall give each organization 60 days notice of the due date of the application. If the organization certifies that the ownership and the use of the property are the same as when the exemption was initially granted, and the financial status of the organization is substantially the same, the commissioner of revenue may accept that certification as the application; however, the commissioner may require a more complete application including one identical to the application required in section 58-6. The application shall be filed within the next 60 days preceding the tax year for which such exemption or retention thereof is sought.

(d)

Failure to timely file the required triennial application may result in termination of the exemption by the passage of a duly adopted ordinance.

(e)

The commissioner of revenue or her designee shall review the applications and, provided the ownership and use of the property remains the same as when the exemption was initially approved, the exempt status shall continue.

(Ord. of 11-8-2005, § 1)

(Ord. of 11-8-2005, § 1)