Personal Property Tax

Motor Vehicle Personal Property
Motor vehicle personal property includes vehicles, boats, trailers, and motorcycles. The Motor Vehicle Personal Property Return Form will be mailed to you in early March and should be returned to our office no later than May 1. The information on the return is provided to this office via a DMV download. If the information on the return is incorrect, please indicate on the return and mail it back to us.

Don't forget to certify if your vehicle is for business or personal use. Doing so may prevent us from qualifying the vehicle for car tax relief. See the Personal Property Tax Relief Act page for the definition of business or personal use.

Note: Two sources of information about property located in this city are the Virginia DMV and the Department of Game and Inland Fisheries. Make certain that all of your information is current with these two agencies, especially the garage jurisdiction. Garage jurisdiction is where the vehicle, motorcycle, boat, or trailer is normally parked or garaged. This is the indicator for the locality for a personal property tax assessment. Incorrect information could result in an incorrect assessment.

Business Equipment
If you were operating a business on January 1 of the current tax year, then you are responsible for filing a business personal property tax return. All returns are due to be filed with this office by May 1 of the tax year. You must report all equipment used by your business or located on your business premises on January 1 of the tax year.

Personal Property Assessment
Our biggest job is the assessment of tangible personal property, business personal property, machinery and tools, and mobile homes. This process is continuous from year to year.

Our method of assessment on vehicles is 50% of the average retail price, as listed in the January edition of the NADA guide. Our assessing service does add on for four-wheel drive as prescribed by the NADA guide.

Business Tangible Personal Property
We assess business tangible personal property at 40% of customers book value, but never less than 20% of cost.

Manufacturer's Machinery & Tools
Assessment of machinery and tools is based on the percentage of capitalized cost as follows:
  • First year: 27%
  • Second year: 25%
  • Third year: 22%
  • Fourth year: 20%
  • Fifth year: 15%
  • Sixth year and beyond: 12%
Rolling Stock (Common Carrier Trucks)
The assessment of rolling stock is 50% of cost the first year following the year of purchase, with 10% depreciation given each year following. If vehicle has apportioned tags, then the apportionment percentage based on Virginia Miles Traveled is applied to the assessed value.

Mobile Homes
Our assessment of mobile homes is based on square feet multiplied by an average cost per square foot based on the manufactured year. The average cost per square foot is taken from the Wingate Guide to Mobile Home Appraisals.