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Personal Property Taxes
Assessment Methods for Personal Property
Chesterfield County levies a tax each calendar year on personal property with situs in the county. All property must first be registered with the Virginia Department of Motor Vehicles (DMV). The exception to this is boats, which must first be registered with the Department of Wildlife Resources or the U.S. Coast Guard and then must be registered with the Commissioner of the Revenue.
All property is taxable, based on ownership. Proration is the method of taxation monthly for the portion of the calendar year personal property is owned and/or located in the jurisdiction. Personal property taxes on automobiles, trucks, motorcycles, low speed vehicles and motor homes are prorated monthly. Boats, trailers and airplanes are not prorated. For questions regarding mobile homes, please contact the Commissioner of the Revenue at 804-748-1281 or email the Commissioner's Office.
Learn more regarding personal property that has been purchased, sold or moved; tax relief, tax classifications and tax exemptions; as well as how to appeal personal property tax assessments.
Assessing Information
Personal Property tax is based on the value of motor vehicles, motorcycles, boats and trailers that are stored, garaged or parked in Chesterfield County using various pricing guides.
All personal property is taxable, even unlicensed and/or inoperable vehicles. This property must be filed on or before the first business day of March, each year, for as long as you own it.
Pricing Guides
The following pricing guides are used to determine your assessed value:
- NADA - National Automobile Dealers Association Official Guide, as of Jan. 1
- CPI - Collectible Vehicle Value Guide, as of Jan. 1
- ABOS - Marine Blue Book-Low Trade-In
High Mileage Process
Chesterfield County provides an assessment discount to vehicles that qualify as high mileage. The qualification is based on NADA mileage tables. The discount does not apply to motorcycles, motor homes, large trucks or trailers.
- Mileage tables change each year. Taxpayers must file annually until the mileage of the item reaches 245,001 miles
- One of the following must be provide as proof of mileage at or near Jan. 1 of each tax year state inspection receipt, oil change receipt or repair bill
- Submit in the Citizen Portal or download the High Mileage Discount Tax Year 2023 Application (PDF)
Condition Process
Chesterfield County provides an assessment discount to vehicles that qualify under condition. The qualification is based on proof of condition (visual inspection/repair estimate) dated on or before Jan. 1 of the tax year. If noted on title by DMV, it will indicate salvage, rebuilt or water damage, a reduction of 10% of the NADA value will be issued.
Submit in the Citizen Portal or download:
- Vehicle Condition Discount Application (PDF)
- Vehicle Condition Certification Form (PDF) - required to be filed yearly
- Boat Condition Certification Form (PDF) - required to be filed yearly
Personal Property Categories
Personal property categories include aircraft, automobiles and trucks, boats, heavy equipment, low speed vehicles, mobiles homes, motor homes/RVs, motorcycles, and trailers.
Aircraft (Includes Helicopters and Hot Air Balloons) - Not Prorated
- Assessment based on the aircraft bluebook digest, using the wholesale figure
- Percentage of original cost based on year purchased
Automobiles and Trucks - Prorated
- Assessment based on NADA, clean loan value or the CPI - lowest value (fair value)
- NADA commercial truck guide (loan value)
- Percentage of original cost based on year of purchase
- Minimum assessment <15,000 lbs. $100
- Minimum assessment >15,000 lbs. $1,000
- Adjustments for condition as of Jan. 1 (visual inspection/repair estimate)
- Adjustments for condition (noted on title by DMV): indicating salvage, rebuilt or water damage - reduce NADA value by 10%
- Adjustments for mileage as of Jan. 1 if valued by NADA
Boats - Not Prorated
- Assessment based on ABOS Marine Blue Book Value
- Boats less than 18 feet in length, used for personal use and non-motorized, are exempt from personal property tax per county ordinance
- Boat Registration Form (PDF)
Heavy Equipment - Not Prorated
- Assessment based on percentage of original cost and year purchased
- Minimum assessment 14,999 lbs. and under $100
- Minimum assessment 15,000 lbs. and over $1,000
Low Speed Vehicles- Prorated
- Assessment based on percentage of original cost and year purchased
- Minimum assessment $100
Mobile Homes
Mobile homes are assessed based on price per square foot as determined in the Wingate Mobile Home Appraisal Guide (based on single and multiple sections rates).
Motor Homes/RVs - Prorated
Motor homes and RVs are not eligible for personal property tax relief.
- Assessment based on percentage of original cost and year purchased
- Minimum assessment $100
Motorcycles - Prorated
- Assessment based on NADA - Rough trade-In
- Percentage of original cost based on year purchased
- Minimum assessment $100
Trailers - Not Prorated
- Assessment based on percentage of original cost and year purchased
- Minimum assessment 14,999 lbs. and under $100
- Minimum assessment 15,000 lbs. and over $1,000
Personal Taxable Property
The Board of Supervisors establishes a personal property tax rate each year. The tax rate may vary according to category.
| Category | Rate |
|---|---|
| Automobiles and Trucks | $3.60 |
| Boats | $3.60 |
| Low Speed Vehicles | $3.60 |
| Motor Homes | $3.60 |
| Motorcycles | $3.60 |
| Trailers | $3.60 |
| Clean and Special Fuel Vehicles | $3.24 |
| Fire and Rescue Volunteers and Auxiliary; Sheriff’s Auxiliary - Eligible Vehicles | $0.91 |
| Interstate Motor Carriers - Vehicles, Trailers and Semi-Trailers | $0.91 |
| Manufactured Homes Used as Residences | $0.91 |
| Aircraft | $0.50 |
| Adaptive Equipment Vehicles | $0.01 |
Calculating Personal Property Tax
Personal property tax relief applies to up to $20,000 of the vehicle's accessed value. View the following examples how to calculate personal property tax.
Personal Use Vehicle with an Assessed Value of $20,000 or Less
Example - Assessed value of $19,300:
- Calculate the tax based on rate:
$19,300 x .036 = $694.80 (for 12 months) - Calculate personal property relief:
50% (for 2023) x $694.80 = $347.40 - Reduce the tax by the relief amount:
$694.80 - $347.40 = $347.40 - Annual Tax Amount = $347.40 (This does not include the registration fee, which is currently set at $20 per vehicle.)
Personal Use Vehicle with an Assessed Value of More than $20,000
Example - Assessed value of $29,300:
- Calculate the tax based on rate:
$29,300 x .036 = $ 1,054.80 (for 12 months) - Calculate personal property relief on first $20,000 of assessed value:
$20,000 x .036 = $720; 50% (for 2023) x $720 = $360 - Reduce the tax by the relief amount:
$1,054.80 - $360 = $694.80 - Annual Tax Amount = $694.80 (This does not include the registration fee, which is currently set at $20 per vehicle.)