- Home
- Government
- Elected and Appointed Officials
- Commissioner of the Revenue
- Personal Property Taxes
- Personal Property Tax Rates
Personal Property Tax Rates
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.)
-
Jenefer S. Hughes
Commissioner of the Revenue, MBA, ACA, MCR
-
Commissioner of the Revenue
Physical Address
9901 Lori Road
Building 38, Room 165
Chesterfield, VA 23832
Mailing Address
P.O. Box 124
Chesterfield, VA 23832
Phone 804-748-1281
Fax Numbers
Administration, Individual Personal Property, Income Tax, Tax Relief
804-768-8649Business License, Business Tangible Personal Property
804-796-3236Hours
Monday - Friday
8:30 a.m. - 5 p.m.