§ 9-7. Refunds.

(a)

If the commissioner of the revenue or the real estate assessor is satisfied that he has erroneously assessed any taxpayer with a local tax, he shall certify to the treasurer the amount erroneously assessed. If the tax has not been paid, the taxpayer shall be exonerated from payment of the tax. If the tax has been paid, the tax and applicable penalties and interest shall be refunded with interest to the taxpayer in accordance with Code of Virginia, § 58.1-3916.

(b)

The interest paid under subsection (a) shall be paid at a rate equal to the rate imposed by the county for delinquent taxes. Interest on the refund shall be calculated from the later of (i) the date the taxes were due, (ii) the date the taxes were paid, or (iii) July 1, 1999.

(c)

The refund procedure established by this section shall not apply to refunds resulting from the commissioner of the revenue's decision to reclassify a business for business license taxation; however, those refunds may be processed in accordance with Code of Virginia, §§ 58.1-3980 and 58.1-3981.

(Code 1978, § 8-12.7; Ord. of 11-23-99, § 1)

(Code 1978, § 8-12.7; Ord. of 11-23-99, § 1)