Personal Property Taxes

If a vehicle has more than 100,000 miles before January 1 of that tax year, it may qualify for up to 25% reduction in the value of the vehicle, depending on the age of the vehicle.

New this year vehicles must be certified as to the use of the vehicle, whether it be for business or personal .  If the vehicle is used for business for more than 50% of the time, it does not qualify for the PPTRA ( Tax Relief) that was instituted by Richmond since 1998.

If there is a vehicle or some type of personal property that is assessed to you in error, the matter must be taken care of before three years pass.  The Virginia Code dictates that the Commissioner's Office cannot back up any farther than the present tax year and three.  Anything after that year cannot be abated.