Section 9 Tangible Personal Property Tax, 2011

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Section 9

Tangible Personal Property Tax, 2011

The personal property tax is the second most important

source of tax revenue for cities and counties, though it is not

as important for towns. In

fi

scal year 2010, the most recent

year available from the Auditor of Public Accounts, the

per-sonal property tax accounted for 8.8 percent of tax revenue

for cities, 11.2 percent for counties, and 4.4 percent for large

towns. These are averages; the relative importance of taxes in

individual cities, counties and towns may vary signi

fi

cantly.

For information on individual localities, see Appendix C.

Cities, counties and towns may levy a tax on the tangible

personal property of businesses and individuals pursuant

to the Code of Virginia, §§ 58.1-3500 through 58.1-3521.

Included in this category are such items as motor vehicles,

business furniture and

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xtures, farming equipment, trailers,

boats, recreational vehicles, and campers.

Localities may elect to prorate the taxes on motor

vehicles, trailers and boats which have acquired a situs

within a locality after the tax day for the balance of the tax

year. The proration must be on a monthly basis with a period

of more than a half a month counted as a full month and a

period of less than half a month not counted (§ 58.1-3516).

Under § 58.1-3504, localities may elect to exempt

household goods and personal effects from taxation; under

§ 58.1-3505, they may also exempt certain farm animals,

products and machinery. In addition, according to §

58.1-3506, the following categories are segregated as separate

classes of tangible personal property under the condition

that the tax rate on these items may not exceed that levied

on other classi

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cations of tangible personal property: boats

or watercraft weighing

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ve tons or more; certain aircraft;

antique automobiles; certain heavy construction machinery;

certain computer hardware; privately owned pleasure boats

and watercraft used for recreational purposes only; motor

vehicles specially equipped to provide transportation for

physically handicapped individuals; privately owned vans

with a seating capacity for twelve or more used exclusively

for a ride-sharing arrangement; motor vehicles owned by a

nonpro

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t organization and used to deliver meals to home

bound persons or to provide transportation for senior or

handicapped citizens; privately owned camping trailers and

motor homes, as de

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ned in § 46.2-100, which are used for

recreational purposes only; and motor vehicles owned by

members or auxiliary members of a volunteer rescue squad

or volunteer

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re department. Section 58.1-3506 provides for

the segregation of motor vehicles owned or leased by a motor

Furthermore, the Code of Virginia provides that all

vehicles without motor power that are used or designed to

be used as mobile homes are segregated as separate classes

of tangible personal property. This is conditional upon the

assessment ratio and the tax being the same as those

appli-cable to real property [§ 58.1-3506, Subsection A.8., and

§ 58.1-3506, Clause (iii), Subsection B].

In addition, tangible personal property used in research

and development of businesses and certain energy

conver-sion equipment used in manufacturing are segregated as

separate classes of tangible personal property. This is

con-ditional upon the assessment ratio and the tax not exceeding

that applicable to machinery and tools [§ 58.1-3506 Clause

(ii), Subsection B]. For more on the machinery and tools

tax, see Section 10.

Taxpayers are allowed to question the appropriateness

of and to appeal any speci

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c personal property tax. In the

last year, residents began the appeals process in 70 localities.

Seven localities (Culpeper County, the cities of Chesapeake,

Fairfax, Norfolk, Portsmouth, Staunton and Suffolk) reported

further appeals by residents were taken to the state level, and

two localities (Tazewell County and the city of Staunton)

reported

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lings at the judicial level.

In addition to the property discussed in this section, the

Code lists several special categories of property which are

exempt from real and personal property taxes (see §

58.1-3660 through § 58.1-3666). These categories are discussed

in Section 6 under the heading, “Miscellaneous Property

Exemptions,” and are listed in Table 6.2.

INFORMATION ON PERSONAL PROPERTY TAX

Table 9.1

provides information related to the personal

prop-erty tax, including the number of personal propprop-erty accounts

within a locality, the nominal personal property tax rate,

whether localities have special levies, property tax due dates,

the effective date of assessment, options for payment of the

personal property tax, and categories of vehicles for which

proration is offered. In the survey, one city (Chesapeake)

and one county (Accomack) reported some kind of special

district levy. Regarding collections, 26 cities, 69 counties,

and 112 towns collect the tax once a year, while 13 cities,

26 counties, and 9 towns collect it at least semi-annually.

The most common due dates for payment of the tax are June

5 and December 5. Also, localities predominantly indicate

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Vehicle assessed values are based on published market

guides. For valuation of automobiles, all localities use the

National Automobile Dealers’ Association’s Offi cial Used

Car Guide (NADA) as their primary

valuation guide for

cars and sport utility vehicles. When a vehicle is not listed

in the primary guide, the locality obtains values from some

other source. All cities and counties in Virginia levy this tax

on motor vehicles.

Any comparison of personal property tax rates across

localities is misleading if differences in the source of

assessment value are not considered. Thus, the effective

tax rates must be standardized by the assessment valuation

method employed by a locality. To do this, an adjusted

effective tax rate was calculated for each locality based on

the NADA retail value of a 2010 Toyota Camry LE

four-door sedan with a four-cylinder engine. In recent years, the

Camry has been the best selling car in the U.S. The base

data, summarized in the text table below, were obtained from

NADA’s Offi cial Used Car Guide.

The adjusted effective tax rate is found by multiplying

the nominal tax rate by the percent of retail value and the

assessment ratio. For those localities using the retail value

and assessing at 100 percent, the nominal and effective tax

rates are the same. The text table below summarizes the

dispersion of the effective tax rates among localities.

In regard to individual localities, the adjusted effective

rate for cities ranged from $1.22 (Galax) to $4.02 (Falls

Church). The adjusted effective rate for counties ranged from

$0.29 (Bath) to $6.26 (Spotsylvania) and, in towns, ranged

44 counties, and 16 towns offer options for the payment of

the tax. The most common payment alternative provided by

local governments is the option for taxpayers to prepay their

balance at any time during the calendar year before the due

date. The due date terms apply to all types of vehicles for

all but 6 localities that answered the question.

Finally, 24 cities, 31 counties and 16 towns offer

prora-tion of the personal property tax on speci

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c or all categories

of motor vehicles. Though the term “motor vehicle” applies

to all automotive vehicles with rubber tires for use on

road-ways, many localities use different de

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nitions. For more

detailed de

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nitions of the categories for which proration

is offered, please use the listings in Appendix B to contact

individual localities.

Table 9.2

contains information on personal property tax

exemptions for the elderly and disabled. The survey indicated

that 12 cities, 39 counties and 6 towns permitted some sort

of exemption for the elderly or the disabled constrained by

speci

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c income and net worth limits.

MOTOR VEHICLE TAX

Historically, the most important tangible personal property

category has been motor vehicles. This tax is often called the

“car tax” even though it covers sport utility vehicles (SUVs),

pickup and panel trucks, large trucks, minivans, and

motor-cycles as well. In the survey, localities were asked to provide

the percentage of personal property taxes coming from

motor vehicles in

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scal year 2011. The unweighted average

percentages for cities, counties and towns were 70 percent,

69 percent, and 73 percent, respectively. It is possible that

some localities misunderstood the question about this topic

and incorrectly counted state PPTRA reimbursements as

part of a local tax instead of as non-categorical state aid.

The Personal Property Tax Relief Act of 1998

(§ 58.1-3524) established a system by which the state would

reimburse localities for relief on the tangible personal

property tax. Passenger cars, pickup or panel trucks, and

motorcycles owned or leased by natural persons and used

for non-business purposes were to have the tax eliminated

on the

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rst $20,000 of value over a

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ve year period. Twelve

and one-half percent of the tax was to be eliminated in tax

year 1998, 27.5 percent in 1999, 47.5 percent in 2000 and

70 percent in 2001. One hundred percent was slated to be

eliminated in 2002 and thereafter, but this

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nal step was not

implemented as part of the solution to Virginia’s budget crisis

in 2003. Instead, a special session of the General Assembly

determined that the state would freeze what it was giving to

localities at $950 million annually. Beginning tax year 2006,

each locality’s percentage share from the state distribution is

based upon its actual share of the state reimbursements from

tax year 2005. Each locality receiving a state reimbursement

must reduce its rate on the

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rst $20,000 value so that the

sum of local tax revenue and state reimbursement to the

locality approximates what the locality would have received

NADA Value, 2010 Toyota Camry, January 2011

Concept NADA Value ($) % of NADA Retail Value Retail value (RV) 18,500 100 Trade-in value (TV) 15,425 83 Loan value (LV) 13,900 75 Source: National Automobile Dealers Association, Offi cial Used Car Guide (January 2011).

Adjusted Effective Tax Rates Among Localities, 2011

Adjusted

Effective Rate/$100

Number of Localities Cities Counties Towns

$0.00 to $1.50 1 16 120 $1.51 to $3.00 18 51 3 $3.01 to $6.26 20 28 0 Total 39 95 123 Median $3.06 $2.63 $0.53 1st Quartile $2.50 $1.75 $0.33 3rd Quartile $3.36 $3.10 $0.82

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Besides the adjusted effective tax rate,

Table 9.3

also

provides data on the number of automobiles and light trucks

within a locality, percentage of personal property tax receipts

from automobiles, assessment value concept, the nominal

tax rate, the percent of retail value, and the assessment ratio.

Among the cities that answered the question, the number

of vehicles ranged from 230,200 (Chesapeake) to 3,270

(Norton). Among counties, the number ranged from 700,363

(Fairfax) to 3,038 (Highland).

The assessment value is important because it provides

an estimate of the percent of retail value the locality will

assign to the vehicle when determining the effective tax rate.

The assessment value used varies among localities. Care

must be taken when evaluating the data based on the three

valuation methods listed because a valuation method may

have subcategories. The latest NADA book, for instance, lists

three types of trade-in value based on condition: rough,

aver-age, and clean. Other companies may use some variant of

this breakdown for the retail and loan value categories. This

year and in past years, our example listed the percentages

based on clean retail, clean loan value, and clean trade-in.

The following text table shows the frequency of each

valuation method among localities. Since many towns use

the same concept as their respective counties, a tally is not

shown for them.

Localities incorporate an assessment ratio in the

valuation process. Most cities and counties use a 100

percent ratio of whatever value concept they adopt.

The following text table summarizes the dispersion of

assessment ratios.

Information on nominal tax rates of towns that did not

respond to the survey can be found in the Virginia

Depart-ment of Taxation’s publication, Local Tax Rates: Tax Year

2009.

1

The rates in the Virginia Department of Taxation’s

publication are for the 2009 tax year, the most recent

information available for towns that did not respond to the

Cooper Center survey.

Dispersion of Assessment Ratios, 2011

Number of Localities

Ratio Cities Counties Total

20% to 65% 3 8 11

66% to 99% 2 4 6

100% 34 83 117

Total 39 95 134

Table 9.4

continues with data related to the PPTRA

for motor vehicles for tax years 2010 and 2011. The

sec-ond column lists whether the locality offers exemptions

for automobiles valued at less than one thousand dollars.

Thirty cities, 62 counties and 53 towns reported offering an

exemption of some sort to low-value autos. The third column

refers to methods for applying PPTRA tax relief. A locality

can use one of three methods: a reduced rate method (RR),

a speci

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c relief method that provides the same percentage

of relief for all qualifying vehicles (SRSP), and a speci

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c

relief method that provides a declining percentage of relief

as the vehicle’s value rises (SRDP). The text table below

summarizes the choices by all cities and counties and by the

81 towns that answered the question.

Localities overwhelmingly use the specific relief

method that provides the same percentage of relief for all

qualifying vehicles. We assume the reporting towns use

the same method as is used by the county in which they

are located.

The

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nal set of columns provides data on the taxpayer

liability for a vehicle assessed at $20,000. What constitutes

a $20,000 vehicle in one locality may not match what

con-stitutes a $20,000 vehicle in another locality because of the

differing valuation methods and assessment ratios used by

the localities. Tax year 2011 is featured in the text table. The

columns in Table 9.4 provide the locality’s total car tax, the

amount of the state credit, and the resulting taxpayer liability

for 2010 and 2011. In some cases we were not given the

tax on a vehicle, but were provided the percentage share

covered by the tax, the credit, and the taxpayer liability.

In such cases only the percentage is listed. The text table

below summarizes the percentage of state aid reported by

cities and counties.

A lower percentage implies a higher resulting taxpayer

liability relative to the total tax levied by a locality. Most

Frequency of PPTRA Methods of Relief, 2011

Number of Localities Valuation Method Cities Counties Towns

Reduced Rate (RR) 1 9 6

Specifi c Relief Same % (SRSP) 36 81 59 Specifi c Relief Declining % (SRDP) 2 3 4

No reply 0 2 12

Total 39 95 81

State Credit as Percentage of Total Tax for a

$20,000 Vehicle, 2011

Number of Localities Percent Reported Cities Counties Total

20 - 49.9% 3 32 35 50 - 54.9% 4 12 16 55 - 59.9% 7 8 15 60 - 64.9% 13 12 25 65 - 70.0% 5 8 13 Over 70.0% 1 0 1 No answer 6 23 29 Total 39 95 134

Frequency of Valuation Methods, 2011

Valuation

method

Number of Localities Cities Counties Total

Loan value 18 55 73

Trade-in value 17 30 47

Retail value 4 10 14

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cities received a state credit between 60 percent and

70 percent of their total tax levied. The median state credit

among cities in 2011 was 60 percent of the total tax, while

the

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rst quartile was 55.1 percent and the third quartile was

63 percent. Among counties the largest group reported the

credit as a percentage of the total tax as between 20 percent

and 54.9 percent. The median percentage of the taxpayer

credit was 50.9 percent, with the

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rst and third quartiles

being 44.8 percent and 60 percent, respectively.

While the state credit for many localities diminishes

each year, it is possible to have a greater state credit

percent-age for a current survey than for a previous one. Because the

state payout to each locality is

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xed, it is generally assumed

that as time passes the funding will decrease for each

auto-mobile. That expectation, however, does not account for

either a possible disin

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ationary trend in the automobile

market during a recession or a possible fall in the number

of motor vehicles in the locality. In either of these cases a

locality may be able to increase its payout percentage for

each automobile within the locality.

The next text table summarizes the range of actual taxes

for cities and counties based on the information from 2011. It

summarizes the total tax, state credit and resulting taxpayer

liability for those localities that provided dollar amounts. It

does not include localities that did not answer or provided

only percentage estimates.

As shown in the text table, 26 cities reported levying a

tax between $501 and $1,000 before the PPTRA credit was

factored in, while 2 reported levying taxes of $1,001 or more

and six reported levying taxes of $500 or less. The median tax

levied for all cities was $788. Most PPTRA credits, 16 of the

34 reported, were between $251 and $500. The median credit

was $456. Most of the resulting taxpayer liabilities in cities

were also between $251 and $500, with the median at $333.

Among counties, original tax liabilities varied fairly

evenly up the scale from $251 to $1,000. The median of

the tax was $700. Most counties gave credits in the $251

to $500 range, though a good portion of the amount (about

one-third) also fell in the $0 to $250 range. The median

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gured in. The median liability within counties was $318.

Table 9.5

lists localities that report giving a reduction

in the personal property tax for high-mileage vehicles.

This is permitted by § 58.1-3503.3, which states that the

commissioner of the revenue, using an automobile pricing

guide, may “use all applicable adjustments in such guide to

determine the value of each individual automobile.” Many

guides allow for downward adjustments in value for

high-mileage vehicles. Thirty cities, 68 counties, and 19 towns

reported reduced valuations for high-mileage vehicles.

Certain localities that reported giving such reductions also

told us they couldn’t really ascertain the number of bene

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-ciaries or foregone revenue because the software they used

to determine valuation didn’t break down adjustments for

them. Therefore, for some localities, though they responded

that they had the reduction, they could not provide

informa-tion about bene

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ciaries or foregone revenue.

Based on localities that did respond, there were a total of

6,151 bene

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ciaries of the high-mileage adjustment in cities,

with the amount of revenue foregone totaling $274,197 for

a $44.58 average reduction per bene

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ciary. In counties, the

number of bene

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ciaries of the adjustment reported was 60,397.

The amount of foregone revenue reported was $1,357,911.

The average reduction per bene

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ciary was $22.48.

Table 9.6

compares the nominal tax rates and

assess-ment components of the automobile tax between 1997, the

year before the PPTRA went into effect, and 2011. The

table provides information on localities that have raised

their personal property taxes on motor vehicles since the

beginning of the PPTRA.

When the PPTRA became law, some saw it as the

beginning of the end of the “car tax.” However, as

reimburse-ments rose and the states’

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scal condition worsened, the

commonwealth decided to limit the rollback. As previously

noted, now each locality is annually given a lump sum by

the state that is applied to each resident’s total property tax.

The state reimbursements are based on 1997 effective rates

as provided by the PPTRA. Any increase in the effective rate

consequent to the 1997 rate is not covered by the PPTRA

reimbursement from the state.

1

Making certain assumptions about the assessment value

concept (which will be discussed below), it appears that 22

cities and 62 counties have increased their effective rates since

1997. The assumption made here is that the value assessment

concepts follow a clear path of valuation. In NADA guide

books, for instance, the lowest valuation is applied to loan

value, a higher valuation is applied to trade-in value, and

the highest valuation is applied to retail value. This is the

hierarchy one would expect to see comparing average

mea-sures of loan, trade-in, and retail value, or clean meamea-sures

of loan, trade-in, and retail value.

A problem arises, however, with those valuations that

maintain subcategories. NADA’s multiple trade-in values,

1

Total Tax, State Credit and Tax Liability for a

$20,000 Vehicle in Cities and Counties, 2011

Number of Localities

Cities Counties

Amount Tax Credit Liability Tax Credit Liability

$0-$250 0 4 10 1 22 22 $251-$500 6 16 20 18 44 43 $501-$750 10 12 1 35 6 7 $751-$1,000 16 0 1 28 0 0 $1,001-1,250 2 0 0 1 0 0 No Answer 5 7 7 13 23 23 Total 39 39 39 95 95 95 Median $788 $456 $333 $700 $327 $318 1st quartile $683 $401 $243 $513 $233 $224 3rd quartile $877 $522 $377 $808 $469 $407

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Taxes on Research and Development,

Furniture and Fixtures, and Biotechnology, 2011

Number of Localities Imposing Tax Item Cities Counties Towns Research and development 25 56 15 Furniture and fi xtures 38 94 24 Biotechnology equipment 20 38 4

Table 9.10

displays tax rates on farm equipment and

livestock for cities, counties and 13 respondent towns. The

text table below shows how many localities report having

each of the taxes listed in Table 9.10.

Taxes on Livestock and Farm Equipment, 2011

Number of Localities Imposing Tax Item Cities Counties Towns

Livestock 2 9 2

Farm equipment 5 24 13

Table 9.11

displays tax rates on boats and aircraft for

cities, counties and 65 respondent towns. The text table

below shows how many localities report having each of the

taxes listed in Table 9.11.

Taxes on Boats Over Five Tons, Pleasure Boats,

and Aircraft, 2011

Number of Localities Imposing Tax Item Cities Counties Towns Boats over fi ve tons 30 77 39

Pleasure boats 34 88 44

Aircraft 17 75 20

Table 9.12

displays tax rates on antique motor vehicles,

recreational vehicles, and mobile homes for cities, counties

and 95 respondent towns. The text table below shows how

many localities have each of the taxes listed in Table 9.12.

Taxes on Antique Motor Vehicles, Recreational

Vehicles, and Mobile Homes, 2011

Number of Localities Imposing Tax Item Cities Counties Towns Antique motor vehicles 16 39 29 Recreational vehicles 38 84 36

Mobile homes 30 92 55

Table 9.13

displays tax rates on horse trailers and motor

vehicles powered solely by an electric motor for cities,

coun-ties and 25 respondent towns. The text table below shows

how many localities have each of the taxes listed in Table

9.13. Taxes on Horse Trailers, Special Fuel Vehicles, and

Electric Vehicles, 2011

Number of Localities Imposing Tax Item Cities Counties Towns

Horse trailers 22 83 19

Special fuel vehicles 8 14 4 Electric vehicles 8 15 4

based on condition of vehicles, as discussed earlier, have not

been tracked as separate categories. Therefore, we can’t be

sure whether certain localities have changed subcategories.

Consequently, historical adjustments within this valuation

cannot be determined from the table.

Table 9.7

gives the pricing guide, the value used, the

nominal tax rate, and the depreciation schedule, if any, for

large trucks, two tons and over. Answers were provided by

all cities and counties and 94 of the responding towns.

OTHER PERSONAL PROPERTY TAXES

As previously noted, tangible personal property taxes are

not limited to motor vehicles. There are 19 categories in

addition to motor vehicles, ranging from farm equipment

to recreational vehicles and mobile homes (the general

categories can be found from § 3504 through §

58.1-3506). Household goods is one legal category, but no

local-ity reports taxing them. Localities exhibit a wide variation

in their choices of valuation methods, pricing guides and

depreciation methods. Consequently, great care must be

exercised when comparing taxes in different jurisdictions.

Unless otherwise stated, the valuation method for the

depre-ciation schedules is original cost.

A further problem pertains to towns. Certain towns

listed a tax rate, but in the “basis”

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eld they showed “not

applicable” or nothing. In a follow-up for a previous survey,

we called several towns in an attempt to elicit information

about the basis. In all cases a town representative con

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rmed

the rates existed, but told us the county determined the actual

depreciation schedule. The county representative con

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rmed

that the county determined the town’s depreciation schedule

but added that since the county did not tax that item, there

was no schedule. Therefore the town could not collect any

taxes for that item. Based on these conversations, we have

decided to use the “basis” column instead of the “rate”

column to count instances of the tax.

Table 9.8

displays tangible personal property taxes on

heavy tools and machinery, computers and generating

equip-ment for business use for cities, counties and 58 reporting

towns. The text table below summarizes how many localities

impose each tax in Table 9.8.

Taxes on Heavy Tools and Machinery, Computer

Hardware, and Generating Equipment, 2011

Number of Localities Imposing Tax Item Cities Counties Towns Heavy tools and machinery 38 94 31 Computer hardware 38 94 31 Generating equipment 26 53 16

Table 9.9

displays tax rates on research and

develop-ment, business furniture and

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xtures, and biotechnology

equipment for cities, counties and 56 respondent towns. The

text table below shows how many localities report having

each of taxes listed in Table 9.9.

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N/A Not applicable. ... No reply.

§ _{Refers to whether due date and options listed apply to all tangible personal property categories or only to motor vehicles.}

*

See bottom of last page of Table 9.1 for a key to abbreviations for categories of property and the Personal Property Tax Relief Act method.

† _{Payment due by due date, but treasurer will accept prepayments throughout the calendar year of assessment.}

a _{Chesapeake City adds a city-wide special tax of $0.08 for mosquito control onto a base tax of $4.00.}

b_{In the city of Fredericksburg one may authorize one’s bank to automatically send payments to the treasurer’s of}_fi_ce. c_{In the city of Galax payment options can be arranged with the director of}_fi_nance.

d_{For the city of Winchester, the date of assessment begins on the day of purchase and the tax due date is established on each annual}

anniversary of the purchase date.

Alexandria 4.75 10/5 1/1 Yes All All but MH 118,512 7,468

Bedford 2.43 12/5 1/1 No All None 4,139 522

Bristol 7.00 12/5 1/1 Yes All None ... ...

Buena Vista 5.85 6/5; 12/5 1/1 No All None 3,261 301 Charlottesville 4.20 6/5; 12/5 1/1 Yes All All but B, MH 40,413 11,524 Chesapeake 4.00a _6/5 _1/1 _Yes _All _{All but B, MH} _270,000 _20,000

Colonial Heights 3.50 6/5; 12/5 1/1 Yes All None 17,508 786

Covington 5.6 6/5; 12/5 1/1 Yes All None 3,778 395

Danville 3.00 6/5; 12/5 1/1 Yes All All but MH 48,062 3,081 Emporia 5.00 7/1 1/1 Yes All All but B, C, Tr 3,290 ... Fairfax 4.13 10/5 1/1 No All BMV/MC/MV/RV/T 32,962 9,426 Falls Church 4.84 5/1; 10/5 1/1 Yes All All but MH ... ...

Franklin 4.50 12/5 1/1 No All Al but MH 9,948 504

Fredericksburg 3.40 5/15; 11/15 1/1 Yesb _All _{All but C, MH} _18,662 _2,624

Galax 1.62 12/5 1/1 Yesc _All _None _... _...

Hampton 4.25 6/5; 12/5 1/1 Yes All All 112,240 9,903

Harrisonburg 3.00 12/5 1/1 No All None 19,382 3,207

Hopewell 3.50 2/15 1/1 No All Alll but MH 26,104 919 Lexington 4.25 6/5; 12/5 1/1 No All All but B, MH 4,072 244 Lynchburg 3.80 6/5; 12/5 1/1 Yes All All but MH ... ...

Manassas 3.25 10/5 1/1 No All None 32,367 2,422

Manassas Park 3.50 10/5 1/1 Yes All None 9,501 1,077

Martinsville 2.30 12/5 1/1 No All None 7,579 994

Newport News 4.25 6/5; 12/5 1/1 No All All 285,957 17,029 Norfolk 4.33 6/5 1/1 No All All but B, MH ... ...

Norton 1.85 10/15 1/1 No All None 2,460 292

Petersburg 4.40 6/10 1/1 No All All but MH 28,452 3,308

Poquoson 4.15 6/5; 12/5 1/1 No All All 17,881 456

Portsmouth 5.00 6/5 1/1 No All All 101,672 8,007

Radford 2.44 12/5 1/1 No All None ... ...

Richmond 3.70 5/1 1/1 No All BMV/MC/MV/T 176,935 12,111 Roanoke 3.45 5/31 1/1 Yes All All but B, MH 134,661 20,340 Salem 3.20 5/31 1/1 Yes All All but B, MH 36,215 4,911

Staunton 2.40 12/5 1/1 No All None 17,901 1,601

Suffolk 4.25 12/5 1/1 No All All but B 119,889 4,608 Virginia Beach 3.70 6/5; 12/5 1/1 Yes All All but B, MH 477,738 24,278

Waynesboro 5.00 12/5 1/1 No†_All_None _13,640_1,080

Williamsburg 3.50 12/1 1/1 No All None 4,119 802

Winchester 4.50 Annuald_Annuald _Yes _All _{All but B, MH} _28,075 _4,915

Accomack 3.48e_6/5;_{12/5 1/1} _No _All _{BMV/MC/MV/Tr/T 3,512 1,157}

Albemarle 4.28 6/5; 12/5; 1/1 No All All but MH ... ...

4/5

Alleghany 5.95 12/5 1/1 No All None 10,691 660

Amelia 4.00 12/5 1/1 No All None ... ...

Amherst 3.25 12/5 1/1 No All None 43,439 1,343

Table 9.1

Tangible Personal Property Tax General Information, 2011

Option for Due Date Categories of

Property Property Effective Payment of and Property for Number of Accounts Tax Tax Due Date of Property Option Which Proration Business Locality Rate/$100 Date(s) Assessment Tax Terms§_Offered* _{All Only}

Cities (Note: All cities responded to the survey.)

(7)

*

See bottom of last page of Table 9.1 for a key to abbreviations for categories of property and the Personal Property Tax

Relief Act method.

f _{According to Arlington County, all taxable vehicle proeprty for which returns are}_fi_{led after July 15 of the tax year are assessed within 30 days}

of receipt of the fi led return. Due dates for those vehicles adquired after July 15 are set to fall on or about the 5th of each month following the October due date for property acquired before July 15. Due dates follow monthly through the end of the fi scal year.

g _{In Caroline County the taxpayer may pay in full on June 5.} h _{In Chester}_fi_{eld County the taxpayer may prepay with a bank draft.}

i _{In Grayson County the treasurer will set up payment plans when requested by taxpayer.}

Appomattox 4.60 12/5 1/1 No All MH 10,744 ...

Arlington 5.00 9/5 - BMVf _1/1 _No _MV _{All but MH} _242,793 _13,916

10/5 - MV

Augusta 2.25 12/5 1/1 Yes†_{All None} _53,225_1,870

Bath 0.35 5/1;12/5 1/1 No All None 5,952 619

Bedford 2.35 12/5 1/1 No All All but B, MH ... ...

Bland 2.29 12/5 1/1 No All None ... ...

Botetourt 2.55 12/5 1/1 No All All but B, MH 61,124 1,655

Brunswick 3.40 12/5 1/1 No All None 11,611 532

Buchanan 1.95 1/5 5/1 No† _All _None _... _...

Buckingham 4.05 12/5 1/1 No All None ... ...

Campbell 3.85 12/5 1/1 Yes All None 49,298 ...

Caroline 6.25 6/5; 12/5 1/1 Yesg_{All None} _22,517_2,482

Carroll 1.60 12/5 1/1 Yes All None 24,127 1,560

Charles City 3.50 12/5 1/1 No All None 11,122 ... Charlotte 3.00 6/5; 12/5 1/1 Yes All None ... ... Chesterfi eld 3.60 6/5 1/1 Yesh_{All BMV/MC/MV/RV/T}_403,227_42,666

Clarke 4.69 6/5; 12/5 1/1 Yes† _All _{All but C, MH} _... ₈₃₃

Craig 3.00 12/5 1/1 Yes† _All _None _... _...

Culpeper 3.50 12/5 1/1 No All None 37,891 3,381

Cumberland 4.50 11/15 1/1 Yes All None 7,362 303

Dickenson 1.69 12/5 1/1 Yes All None 13,043 130

Dinwiddie 4.90 6/5; 12/5 1/1 No All All but C, MH, RV 24,984 1,566

Essex 3.50 12/5 1/1 Yes All None 10,726 712

Fairfax 4.57 10/5; 2/15 1/1 Yes All BMV/MC/MV/RV/T 973,341 82,085 Fauquier 4.65 10/5 1/1 No All All but B, MH 53,397 4,184

Floyd 2.95 12/5 1/1 Yes All None 10,109 1,101

Fluvanna 4.15 6/5; 12/5 1/1 No All None 26,927 378

Franklin 2.04 12/5 1/1 No All None 35,400 3,631

Frederick 4.86 6/5; 12/5 1/1 Yes All All 119,976 5,593

Giles 1.91 12/5 1/1 Yes† _All _None _... _...

Gloucester 2.60 6/30; 12/5 1/1 No All None ... ... Goochland 4.00 12/5 1/1 No All C/MC/MV/RV/Tr/T ... ...

Grayson 1.75 12/5 1/1 Yesi_All_None _9,691₆₂₂

Greene 5.00 6/5; 12/5 1/1 Yes All None ... ...

Greensville 4.50 12/5 1/1 Yes All None 13,390 914

Halifax 3.60 12/5 1/1 Yes All None 47,184 2,039

Hanover 3.57 2/5 1/1 Yes† _All _{All but B, MH} _134,082 _5,500

Henrico 3.50 6/5; 12/5 1/1 Yes All MV 353,015 14,435

Henry 1.48 12;5 1/1 No All None 34,894 1,856

Highland 1.50 12/5 1/1 No†_All_None _2,266_...

Isle of Wight 4.50 12/5 1/1 Yes All All ... ... James City 4.00 6/5; 12/5 1/1 No All All but MH ... ... King & Queen 3.94 12/5 1/1 Yes All None 6,850 1,054 King George 3.20 6/5; 12/5 1/1 No All None 17,384 958 King William 3.65 12/5 1/1 No All None ... ...

Table 9.1

Tangible Personal Property Tax General Information, 2011 (continued)

Property Property Effective Payment of and Property for Number of Accounts Tax Tax Due Date of Property Option Which Proration Business Locality Rate/$100 Date(s) Assessment Tax Terms§_Offered* _{All Only} Counties (continued)

(8)

*

Relief Act method.

j _{In Wise County a direct payment option exists where one can transfer from one’s bank account to treasurer’s bank account.} k _{In York County payment options can be modi}_fi_{ed by the treasurer if taxpayer makes a written request.}

Lancaster 2.04 12/5 1/1 Yes†_{All None} _25,624₆₀₀

Lee 2.00 12/5 1/1 No All None ... ...

Loudoun 4.20 5/5; 6/5; 1/1 Yes† _MV _{All but MH} _303,262 _...

10/5; 12/5

Louisa 1.90 12/5 1/1 No All None ... ...

Lunenburg 3.60 12/5 1/1 No All None 8,251 653

Madison 2.95 12/5 1/1 No All None ... ...

Mathews 3.70 12/5 1/1 No All C/MC/MV/Tr ... ... Mecklenburg 3.26 6/5; 12/5 1/1 No All None ... ...

Middlesex 3.50 12/31 1/1 Yes All None 15,413 1,939

Montgomery 2.45 12/5 1/1 Yes All None 73,863 6,121

Nelson 2.95 6/5; 12/5 1/1 Yes All All but B 27,544 ...

New Kent 3.75 12/5 1/1 Yes†_{All MH} _14,042_...

Northampton 4.10 12/5 1/1 No All All but B ... ... Northumberland 3.60 12/5 1/1 No All None 13,064 830

Nottoway 3.50 12/5 12/5 No All None 9,063 456

Orange 3.27 12/5 1/1 Yes†_{All None} _24,392_1,202

Page 4.64 6/5; 12/5 1/1 Yes All BMV/MH/MC/MV/T 24,371 1,666

Patrick 1.71 12/5 1/1 No All None 11,850 730

Pittsylvania 8.50 6/5; 12/5 1/1 No All None 44,902 2,340

Powhatan 3.60 12/5 1/1 No All None 19,376 1,590

Prince Edward 4.50 12/5 1/1 No†_All_None _22,583₉₃₉

Prince George 4.00 6/5 1/1 No All None ... ... Prince William 3.70 10/5; 11/5; 1/1 No All All but B ... ...

12/5; 1/5; 2/5; 3/5; 4/5; 5/5; 6/5

Pulaski 2.14 10/15 1/1 No All None 68,430 ...

Rappahannock 4.20 12/5 1/1 Yes† _All _None _... _...

Richmond 3.50 12/5 1/1 No All None 4,590 382

Roanoke 3.50 5/31 1/1 Yes All BMV/MC/MV/Tr/T 70,339 4,791

Rockbridge 4.25 10/5 1/1 No All All 15,791 1,240

Rockingham 2.80 12/5 1/1 No All None 57,394 4,812

Russell 1.65 12/11 1/1 No All None ... ...

Scott 1.40 11/20 1/1 No All None ... ...

Shenandoah 3.15 6/5; 12/5 1/1 Yes All None 32,141 4,006

Smyth 2.25 12/5 1/1 Yes†_{All None} _37,621_1,042

Southampton 5.00 12/5 1/1 Yes All All 13,530 848

Spotsylvania 6.26 6/5; 12/5 1/1 No All All but MH ... ... Stafford 6.89 6/5; 12/5 1/1 Yes All All 84,544 5,034

Surry 4.00 12/5 1/1 Yes All None 6,019 270

Sussex 4.85 12/5 1/1 Yes†_{All None} _6,743₂₇₁

Tazewell 2.00 12/5 1/1 No All None 63,744 2,340

Warren 4.00 6/5; 12/5 1/1 Yes All All 42,668 3,392

Washington 1.55 11/20 1/1 Yes All None 41,985 2,023 Westmoreland 3.00 12/5 1/1 Yes All None 15,247 3,574

Wise 1.49 10/15 1/1 Yesj _All _None _... _...

Wythe 2.08 12/5 1/1 No All None 20,990 1,945

York 4.00 6/5; 12/5 1/1 Yesk _All _{BMV/MC/MV/RV/T} _... _...

Table 9.1

Tangible Personal Property Tax General Information, 2011 (continued)

Property Property Effective Payment of and Property for Number of Accounts Tax Tax Due Date of Property Option Which Proration Business Locality Rate/$100 Date(s) Assessment Tax Terms§_Offered* _{All Only} Counties (continued)

(9)

*

Relief Act method.

† _{Payment due by due date, but treasurer will accept prepayments throughout the calendar year of assessment.} l _{In Ashland Town payments will be accepted only if a taxpayer requests the option.}

m_{The town of Farmville only levies the tax on business property.}

Abingdon 0.55 11/20 1/1 No All None 5,809 1,151

Accomac 0.10 12/5 1/1 No All All ... ...

Alberta 1.90 1/5 5/1 No All None ... ...

Altavista 2.00 12/5 1/1 Yes All None ... ...

Amherst 0.35 12/5 1/1 No All None 1,323 153

Appalachia 0.70 12/5 1/1 No All None ... ...

Appomattox 0.55 9/30 1/1 No All None ... ...

Ashland 0.77 1/15 1/1 Nol _All _None _... _...

Berryville 1.00 12/5 1/1 No All All but BMV ... ... Big Stone Gap 0.62 12/5 1/1 No All None ... ...

Blackstone 0.65 12/15 1/1 No All None ... ...

Bluefi eld 0.60 12/5 1/1 No All None ... ...

Boones Mill 0.40 2/28 1/1 No All None ... ...

Bowling Green 1.20 12/5 1/1 No All None 741 ...

Boydton 0.88 1/1 1/1 No All None ... ...

Boykins 1.20 12/5 1/1 No All None ... ...

Bridgewater 0.75 12/5 1/1 No All None 2,934 159

Broadway 0.51 12/5 1/1 No All None ... ...

Brodnax 1.90 1/5 1/1 No All All but B, MH ... ...

Brookneal 1.70 12/5 1/1 No All None 735 82

Buchanan 0.32 12/5 1/1 No All None ... ...

Burkeville 0.70 12/5 1/1 No All None ... ...

Cape Charles 2.00 12/5 1/1 No All All but BMV, MH ... ...

Capron 1.00 12/5 1/1 No All None ... ...

Cedar Bluff 0.35 12/5 1/1 No All None ... ...

Charlotte CH 0.10 3/5 1/1 No All None ... ...

Chase City 1.21 1/31 1/1 Yes All None ... ...

Chilhowie 0.30 12/5 1/1 No All None 986 135

Chincoteague 0.85 12/5 1/1 No All BMV/MC/MV/Tr ... ... Christiansburg 0.45 12/5 1/1 No All None ... ...

Clarksville 1.65 2/1 1/1 Yes All None ... ...

Cleveland 0.50 1/1 1/1 No All None ... ...

Clifton Forge 6.70 12/5 1/1 No All None ... ...

Clintwood 0.30 12/5 1/1 No All None 1,174 ...

Coeburn 0.40 12/4 1/1 No All None ... ...

Colonial Beach 3.75 12/5 1/1 No All None ... ...

Courtland 1.14 3/1 1/1 No† _All _All _... _...

Crewe 1.20 12/5 1/1 No All None ... ...

Culpeper 1.00 1/31 1/1 No All None 17,183 2,830

Damascus 0.52 11/15 1/1 No All None ... ...

Dillwyn 0.28 12/5 1/1 No All None 286 79

Drakes Branch 0.37 2/15 1/1 No MV None ... ...

Dublin 0.50 12/5 1/1 Yes All None 1,227 110

Eastville 0.02 12/5 1/1 No All None ... ...

Edinburg 0.09 6/5; 12/5 1/1 No All None ... ...

Farmvillem _1.50 _12/15 _1/1 _No _All _None _... _...

Floyd 0.25 12/5 1/5 No All None ... ...

Front Royal 0.64 6/5; 12/5 1/1 No All All 10,430 838

Glade Spring 0.20 12/21 1/1 No All None 916 ...

Glen Lyn 0.25 12/5 1/1 No All None ... ...

Towns (Note: Towns that answered “not applicable” for all items in this table are excluded. For a list of town respondents and non-respondents, see Appendix B.)

Table 9.1

Tangible Personal Property Tax General Information, 2011 (continued)

(10)

Gordonsville 0.99 12/5 1/1 Yes All None ... ...

Gretna 2.00 12/5 1/1 No All None ... ...

Halifax 1.68 12/5 9/6 No All None ... ...

Hallwood 0.48 12/5 1/1 No All All but MH ... ...

Hamilton 1.10 10/5 1/1 No All None ... ...

Haymarket 0.60 3/1 1/1 No All None ... ...

Haysi 0.40 12/5 1/1 No All None ... ...

Hillsville 0.72 12/5 1/1 No All None ... ...

Hurt 2.50 12/5 1/1 No All None ... ...

Independence 0.63 12/5 1/1 No All None ... ...

Iron Gate 1.00 12/5 1/1 No All None ... ...

Ivor 0.60 2/1 1/1 No All None ... ...

Jonesville 0.25 8/1 1/1 No All None ... ...

Kenbridge 1.41 12/5 1/1 No All None 851 ...

Kilmarnock 0.16 12/5 1/1 No All None 1,139 286

La Crosse 1.05 1/1 1/1 No All None ... ...

Lawrenceville 1.80 1/5 1/1 No All None 545 101

Lebanon 0.75 12/12 1/1 No All None 3,840 ...

Leesburg 1.00 10/5 1/1 No All All but MH ... ...

Louisa 0.71 1/15 1/1 No All None ... ...

Luray 0.40 6/5; 12/5 1/1 No All None 3,135 221

Marion 0.35 12/15 1/1 No All None ... ...

McKenney 0.50 12/31 1/1 No All None ... ...

Middleburg 1.00 12/5 1/1 No All None ... ...

Middletown 1.25 12/5 1/1 No All None ... ...

Mineral 0.60 1/15 1/1 No All None ... ...

Monterey 0.35 12/5 1/1 No All None ... ...

Mount Jackson 0.80 1/31 1/1 No All None ... ...

Narrows 1.11 12/5 1/1 Yes All None 1,972 47

New Market 0.80 6/5; 12/5 1/1 No All None ... ...

Onley 0.30 12/5 12/5 No All None ... ...

Orange 0.83 12/5 1/1 No All None ... ...

Pamplin 1.00 6/30 1/1 No All None ... ...

Parksley 0.80 12/5 1/1 No All None ... ...

Pearisburg 0.94 3/15 1/1 No All None 2,808 ...

Pembroke 0.63 3/15 1/1 Yes All None 734 10

Pennington Gap 0.20 10/31 1/1 No All None ... ...

Pound 0.44 12/5 1/1 No All None 492 58

Pulaski 0.80 4/1 1/1 No All None ... ...

Purcellville 1.05 6/5 1/1 No All None 7,810 1,253

Remington 1.10 3/5 1/1 No All All ... ...

Rich Creek 0.63 3/15 1/1 No All None 480 ...

Rocky Mount 0.51 2/28 1/1 No All None 2,300 ...

Round Hill 1.15 12/5 1/1 No All All 547 114

Rural Retreat 0.50 1/5 1/1 No All None 882 100

Saint Paul 0.31 12/5 1/1 Yes All None ... ...

Shenandoah 0.40 6/5; 12/5 1/1 Yes All None ... ... Smithfi eld 1.00 12/5 1/1 No All All ... ... South Boston 2.00 12/5 1/1 No All None ... ...

South Hill 1.05 1/5 7/1 No All None ... ...

Towns (continued)

Table 9.1

Tangible Personal Property Tax General Information, 2011 (continued)

*

Relief Act method.

(11)

§ _{Refers to whether due date and options listed apply to all tangible personal property categories or only to motor vehicles.} † _{Payment due by due date, but treasurer will accept prepayments throughout the calendar year of assessment.}

n _{Town of Wachapreague charges personal property tax only to mobile homes. No other property taxed.}

Key to abbreviations:

B: Boats BMV: Business Motor Vehicles Tr: Trailers

C: Campers MC: Motorcycles RV: Recreational Vehicles MH: Mobile Homes MV: Motor Vehicles T: Trucks

Stanley 0.75 6/5; 12/5 1/1 No MV MV/T 995 50

Stephens City 1.00 6/5; 12/5 1/1 No MV None ... ...

Stony Creek 0.60 12/5 1/1 No All None ... ...

Strasburg 1.11 6/5; 12/5 1/1 Yes All None 3,963 ... Tappahannock 1.25 12/5 1/1 No All None ... ...

The Plains 0.50 3/15 1/1 No All None ... ...

Timberville 0.30 2/28 1/1 No All None ... ...

Urbanna 0.65 12/5 1/1 Yes All None ... ...

Victoria 1.00 12/5 1/1 Yes† _All _None _... _...

Vinton 1.00 5/31 1/1 Yes All All 9,147 847

Virgilina 0.20 12/5 1/1 No MV None ... ...

Wachapreague 0.15 12/5 1/1 No N/An _None _... _...

Wakefi eld 0.86 2/5 1/1 No All None ... ...

Warrenton 1.00 12/15 1/1 No All BMV/MC/MV/Tr/T 7,967 426

Warsaw 0.60 12/5 1/1 No† _All _None _... _...

Waverly 1.85 1/31 1/1 No All None ... ...

West Point 3.30 8/5 1/1 Yes All None ... ...

Windsor 0.50 12/5 1/1 Yes All All 3,523 141

Wise 0.53 12/5 1/1 No All None 2,293 ...

Woodstock 0.90 6/5; 12/5 1/1 Yes†_{All None} _3,144₆₂₇

Wytheville 0.28 12/15 1/1 No All None ... ...

Towns (continued)

Table 9.1

Tangible Personal Property Tax General Information, 2011 (continued)

Property Property Effective Payment of and Property for Number of Accounts Tax Tax Due Date of Property Option Which Proration Business Locality Rate/$100 Date(s) Assessment Tax Terms§_Offered* _All_Only

(12)

Cities (Note: All cities responded to the survey.)

Alexandria Elderly: Tax rate of $0.01/$100 20,000 75,000 Disabled: Tax rate of $3.35/$100 on handicapped vehicles

Bristol Elderly: Reduction of taxes based on formula 18,000 30,000 Disabled: Reduction of taxes based on formula

Buena Vista Elderly: Mobile homes taxed as real property 25,000 65,000 Disabled: Mobile homes taxed as real property

Falls Church Elderly: $25 decal for 1 vehicle; $25 tax credit for 1 vehicle 20,000 150,000 Disabled: $25 decal for 1 vehicle; $25 tax credit for 1 vehicle

Hampton Elderly: N/A N/A N/A

Disabled: Tax rate of $1.00/$100 on handicapped-equipped vehicles

Harrisonburg Elderly: 100% relief on 1 vehicle 30,000 75,000 Disabled: 100% relief on 1 vehicle

Manassas Elderly: Tax rate of $0.00001/$100a_74,750_340,000

Disabled: Tax rate of $0.00001/$100a

Newport News Elderly: Mobile homes taxed as real property 50,000 200,000 Disabled: Tax rate of $1.00/$100 for handicapped vehicles

and mobile homes

Norfolk Elderly: N/A N/A N/A

Disabled: Tax rate of $3.00/$100 for vehicles

Norton Elderly: Maximum exemption of $100 on mobile homes 15,000 25,000 Disabled: Maximum exemption of $100 on mobile homes

Virginia Beach Elderly: Tax rate of $3.00/$100 for 1 vehicle 29,500 70,000 Disabled: Tax rate of $3.00/$100 for 1 vehicle;

Disabled veterans get tax rate of $1.50/$100

Williamsburg Elderly: N/A N/A N/A

Disabled: Handicapped vehicles are exempt

Counties (Note: All counties responded to the survey.)

Amelia Elderly: Exemption for single-wide mobile home N/A N/A Disabled: Exemption for single-wide mobile home

Amherst Elderly: Mobile homes same relief as real property 50,000 150,000 Disabled: Mobile homes same relief as real property

Appomattox Elderly: Mobile homes get same relief as real property 20,000 100,000 Disabled: Mobile homes get same relief as real property

Bedford Elderly: N/A N/A N/A

Disabled: Vehicles modifi ed for handicapped are excluded

Bland Elderly: Exemption for mobile home 25,000 75,000 Disabled: Exemption for mobile home

Caroline Elderly: Mobile homes get same relief as real property 35,000 85,000 Disabled: Mobile homes get same relief as real property

Chesterfi eld Elderly: Exemption for mobile home 52,000 350,000 Disabled: Exemption for mobile home

Craig Elderly: Mobile homes get same relief as real property 30,000 90,000 Disabled: Mobile homes get same relief as real property

Dinwiddie Elderly: Up to $300 based on income and net worth 35,000 100,000 Disabled: Up to $300 based on income and net worth

Fairfax Elderly: Total exemption 22,000 75,000

Disabled: Total exemption

Franklin Elderly: Mobile homes get same relief as real property 25,000 80,000 Disabled: Mobile homes get same relief as real property

Frederick Elderly: Mobile homes get same relief as real property 50,000 150,000 Disabled: Mobile homes get same relief as real property

Greensville Elderly: N/A 30,000 75,000

Disabled: Exempt up to $500 depending on formula

Isle of Wight Elderly: N/A N/A N/A

Table 9.2

Tangible Personal Property Tax Relief for Elderly and Disabled, 2011

Income Net Worth

(13)

N/A Not applicable.

b_{Rate con}_fi_{rmed by Prince William.}

James City Elderly: N/A N/A N/A

Disabled: Vehicles modifi ed for handicapped are excluded; Disabled veterans receive exemption

King George Elderly: Mobile home exempt 25,000 60,000 Disabled: Mobile home exempt

Loudoun Elderly: Tax rate of $2.10/$100 (50% rate reduction) 52,000 195,000 Disabled: Tax rate of $2.10/$100 (50% rate reduction)

Mathews Elderly: N/A N/A N/A

Disabled: 100% relief on 1 vehicle for disabled veterans

Middlesex Elderly: Mobile homes; 1 vehicle 25,000 75,000 Disabled: Mobile homes; 1 vehicle

Montgomery Elderly: Mobile homes get same relief as real estate 45,000 125,000 Disabled: Mobile homes get same relief as real estate

New Kent Elderly: Mobile homes 50,000 75,000

Disabled: Applicable vehicles and mobile homes are exempt

Nottoway Elderly: N/A N/A N/A

Orange Elderly: Mobile homes get same relief as real estate 40,000 120,000 Disabled: Mobile homes get same relief as real estate

Page Elderly: Mobile homes get same relief as real estate 21,500 114,000 Disabled: Mobile homes get same relief as real estate

Pittsylvania Elderly: Mobile homes get same relief as real estate 18,000 60,000 Disabled: Mobile homes get same relief as real estate

Powhatan Elderly: N/A N/A N/A

Disabled: Veterans 100% disabled in service get $1.80/$100

Prince George Elderly: Mobile homes get same relief as real estate 45,000 120,000 Disabled: Mobile homes get same relief as real estate

Prince William Elderly: Rate of $0.00001/$100 on vehiclesb_74,728_340,000

Disabled: Rate of $0.0001/$100 on handicapped vehiclesb

Roanoke Elderly: N/A N/A N/A

Disabled: Subject to rate of $1.75/$100

Rockingham Elderly: Mobile homes get same relief as real estate 32,000 70,000 Disabled: Mobile homes get same relief as real estate

Scott Elderly: Mobile homes get same relief as real estate 21,000 75,000 Disabled: Mobile homes get same relief as real estate

Southampton Elderly: Mobile homes get relief according to formula 30,000 80,000 Disabled: Handicapped vehicles are exempt

Spotsylvania Elderly: N/A N/A N/A

Disabled: Disabled veterans exempt

Surry Elderly: Mobile homes get same relief as real estate 30,000 100,000 Disabled: Mobile homes get same relief as real estate

Tazewell Elderly: Relief on mobile home taxes up to $300 25,000 75,000 Disabled: 1 vehicle exempt for veteran disabled in service

Warren Elderly: Mobile homes get same relief as real estate 30,000 100,000 Disabled: Mobile homes get same relief as real estate

Washington Elderly: Property subject to income/worth limits 23,038 100,000 Disabled: 100% disabled subject to income/worth limits

Wise Elderly: Mobile homes get same relief as real estate 42,000 85,000 Disabled: Mobile homes get same relief as real estate;

1 vehicle for disabled veterans

York Elderly: Mobile homes exempt based on formula 50,000 200,000 Disabled: Mobile homes exempt based on formula

Counties (continued)

Table 9.2

Tangible Personal Property Tax Relief for Elderly and Disabled, 2011 (continued)

Income Net Worth

(14)

Table 9.2

Tangible Personal Property Tax Relief for Elderly and Disabled, 2011 (continued)

Income Net Worth

Locality Type of Relief or Exemption Limit ($) Limit ($)

Christiansburg Elderly: Mobile homes get same relief as real estate 35,000 N/A Disabled: Mobile homes get same relief as real estate

Clintwood Elderly: Mobile home relief 25,000 75,000 Disabled: Mobile home relief

Haysi Elderly: N/A N/A N/A

Disabled: Disabled veterans (service connected) exempt

Leesburg Elderly: No taxes owed on one motor vehicle 52,000 195,000 Disabled: No taxes owed on one motor vehicle

New Market Elderly: Mobile homes get same relief as real estate N/A N/A Disabled: Mobile homes get same relief as real estate

Smithfi eld Elderly: N/A N/A N/A

Disabled: Exemption of tax N/A Not applicable.

Towns (Note: Towns that answered “not applicable” for all items in this table are excluded. For a list of town respondents and

(15)

*

LV: Loan value; RV: Retail value; TV: Trade-in value; WV: Wholesale value

†_{Relationship to retail value is based on the percentage of assessed value of RV, LV, or TV to RV for a typical car. See text of Section 9}

for an explanation.

# _{Adjusted effective rate = tax rate x relationship to retail value x assessment ratio.}

... No reply

a_{The city of Alexandria uses 95 percent of the manufacturer’s suggested retail price as an alternative valuation method.} b_{The city of Chesapeake adds $0.08 to the base $4.00 rate for mosquito control.}

Table 9.3

Tangible Personal Property Tax for Automobiles and Trucks of Less than Two Tons, 2011

Alexandria $4.75 TV/...a ₈₃ ₁₀₀ _$3.94 ₂₈ _114,783 _7,468

Bedford $2.43 TV/Avg. 83 100 $2.02 52 6,687 532

Bristol $7.00 LV/... 75 30 $1.58 42 ... ...

Buena Vista $5.85 TV/Clean 83 80 $3.88 98 7,277 249 Charlottesville $4.20 TV/Clean 83 100 $3.49 81 36,473 3,619 Chesapeake $4.00b _LV/Clean ₇₅ ₁₀₀ _$3.00 ₈₀ _{230,000 45,000} Colonial Heights $3.50 LV/... 75 100 $2.63 80 17,508 ... Covington $5.60 RV/Avg. 100 55 $3.08 91 6,382 463 Danville $3.00 TV/... 83 100 $2.49 62 ... ... Emporia $5.00 LV/Clean 75 100 $3.75 80 4,722 ... Fairfax $4.13 TV/... 83 100 $3.43 70 23,536 2,207 Falls Church $4.84 TV/... 83 100 $4.02 73 ... ... Franklin $4.50 TV/Clean 83 100 $3.74 93 9,451 123 Fredericksburg $3.40 RV/Clean 100 90 $3.06 57 18,324 2,068 Galax $1.62 LV/... 75 100 $1.22 ... ... ... Hampton $4.25 LV/... 75 100 $3.19 82 121,369 6,774 Harrisonburg $3.00 TV/Clean 83 100 $2.49 53 27,452 4,417 Hopewell $3.50 LV/Clean 75 100 $2.63 19 26,624 1,057 Lexington $4.25 TV/Clean 83 100 $3.53 95 4,016 188 Lynchburg $3.80 TV/Clean 83 100 $3.15 59 61,165 2,575 Manassas $3.25 TV/Avg. 83 100 $2.70 82 29,597 2,371 Manassas Park $3.50 TV/Avg. 83 100 $2.91 ... ... ... Martinsville $2.30 LV/… 75 100 $1.73 41 13,614 782 Newport News $4.25 LV/… 75 100 $3.19 52 145,746 6,979 Norfolk $4.33 LV/… 75 100 $3.25 43 184,000 12,800 Norton $1.85 TV/Clean 83 100 $1.54 95 3,270 286 Petersburg $4.40 LV/Clean 75 100 $3.30 44 26,567 1,837 Poquoson $4.15 LV/Clean 75 100 $3.11 86 ... ... Portsmouth $5.00 LV/... 75 100 $3.75 99 101,672 8,848 Radford $2.44 TV/... 83 100 $2.03 ... 9,000 ... Richmond $3.70 TV/... 83 100 $3.07 77 164,824 ... Roanoke $3.45 LV/Clean 75 100 $2.59 48 108,585 4,864 Salem $3.20 LV/... 75 100 $2.40 96 ... ... Staunton $2.40 RV/Clean 100 100 $2.40 79 22,645 1,724 Suffolk $4.25 LV/Clean 75 100 $3.19 ... ... ... Virginia Beach $3.70 LV/Clean 75 100 $2.78 92 ... ... Waynesboro $5.00 RV/Clean 100 50 $2.50 93 18,593 2,801 Williamsburg $3.50 LV/... 75 100 $2.63 51 6,103 363 Winchester $4.50 TV/... 83 100 $3.74 82 23,160 2,119 City: nominal and adjusted

effective tax rates per $100

Median $4.00 $3.06 First quartile $3.33 $2.50 Third quartile $4.45 $3.36 Maximum $7.00 $4.02 Minimum $1.62 $1.22 Accomack $3.48c _LV/Clean ₇₅ ₁₀₀ _$2.61 ₇₀ _... _... Albemarle $4.28 TV/... 83 100 $3.55 90 101,785 5,854 Alleghany $5.95 LV/Clean 75 50 $2.23 81 25,713 1,256 Amelia $4.00 LV/... 75 100 $3.00 85 ... ... Amherst $3.25 TV/Clean 83 100 $2.70 64 33,815 484

Counties (All counties responded to the survey.)

Cities (All counties responded to the survey.)

Tax Assessment Relationship Adjusted Share of Tax Number of Rates/ Value to Retail Assessment Effective from Vehicles Motor Vehicles Locality $100 Concept

*

/Condition Value (%) †_Ratio_{(%) Rate/$100}#_{FY 2010 (%)} _Total _Business

(16)

*

LV: Loan value; RV: Retail value; TV: Trade-in value; TVc: Clean trade-in value; WV: Wholesale value

Table 9.3

Tangible Personal Property Tax for Automobiles and Trucks of Less than

Two Tons, 2011 (continued)

Counties (continued) Appomattox $4.60 RV/... 100 50 $2.30 74 ... ... Arlington $5.00 LV/Clean 75 100 $3.75 63 228,877 4,667 Augusta $2.25 LV/Clean 75 100 $1.69 48 77,734 9,544 Bath $0.35 TV/Avg. 83 100 $0.29 78 5,952 503 Bedford $2.35 TV/Clean 83 100 $1.95 67 89,009 8,800 Bland $2.29 LV/... 75 100 $1.72 ... ... ... Botetourt $2.55 LV/... 75 100 $1.91 86 51,662 3,651 Brunswick $3.40 LV/Clean 75 100 $2.55 67 20,227 1,669 Buchanan $1.95 LV/... 75 100 $1.46 55 ... ... Buckingham $4.05 TV/Clean 83 100 $3.36 88 ... ... Campbell $3.85 RV/Avg. 100 50 $1.93 50 47,037 1,255 Caroline $6.25 RV/... 100 50 $3.13 68 24,983 1,875 Carroll $1.60 LV/Clean 75 100 $1.20 66 32,833 1,607 Charles City $3.50 LV/Avg. 75 95 $2.49 … 3,920 … Charlotte $3.00 TV/Clean 83 100 $2.49 73 ... ... Chesterfi eld $3.60 LV/Clean 75 100 $2.70 95 315,708 20,169 Clarke $4.69 TV/Avg. 83 100 $3.89 90 21,375 2,151 Craig $3.00 LV/... 75 100 $2.25 82 ... ... Culpeper $3.50 TV/Clean 83 100 $2.91 54 46,488 5,301 Cumberland $4.50 TV/Clean 83 100 $3.74 ... 25,293 12,741 Dickenson $1.69 LV/Avg. 75 100 $1.27 90 18,548 512 Dinwiddie $4.90 LV/Clean 75 100 $3.68 81 40,534 1,323 Essex $3.50 LV/Clean 75 100 $2.63 70 12,861 807 Fairfax $4.57 TV/Clean 83 100 $3.79 72 700,363 28,231 Fauquier $4.65 LV/... 75 100 $3.49 73 79,192 7,919 Floyd $2.95 LV/... 75 100 $2.21 ... 17,537 2,250 Fluvanna $4.15 TV/Clean 83 100 $3.44 93 23,868 ... Franklin $2.04 LV/Clean 75 95 $1.45 80 68,498 20,466 Frederick $4.86 TV/Clean 83 100 $4.03 55 93,655 7,118 Giles $1.91 RV/... 100 100 $1.91 45 16,468 610 Gloucester $2.60 RV/... 100 100 $2.60 41 ... ... Goochland $4.00 LV/Clean 75 100 $3.00 93 30,115 1,540 Grayson $1.75 LV/... 75 100 $1.31 53 15,510 1,210 Greene $5.00 LV/Avg. 75 100 $3.75 90 ... ... Greensville $4.50 TV/... 83 100 $3.74 63 10,998 1,050 Halifax $3.60 LV/... 75 100 $2.70 ... ... ... Hanover $3.57 TV/Clean 83 100 $2.96 80 125,304 14,053 Henrico $3.50 LV/... 75 100 $2.63 68 322,135 26,460 Henry $1.48 LV/... 75 100 $1.11 44 68,844 5,038 Highland $1.50 LV/Clean 75 100 $1.13 70 3,038 ... Isle of Wight $4.50 LV/... 75 100 $3.38 55 48,748 ... James City $4.00 LV/... 75 100 $3.00 63 ... ... King & Queen $3.94 TV/Clean 83 100 $3.27 80 9,504 1,034 King George $3.20 TV/Clean 83 100 $2.66 86 18,693 477 King William $3.65 TV/Clean 83 100 $3.03 63 16,742 1,674 Lancaster $2.04 LV/... 75 100 $1.53 60 14,295 1,787 Lee $2.00 TV/Avg. 83 100 $1.66 88 ... ... Loudoun $4.20 LV/Clean 75 100 $3.15 70 301,229 ... Louisa $1.90 TV/... 83 100 $1.58 64 ... ... Lunenburg $3.60 TV/Clean 83 100 $2.99 70 13,888 1,373 Madison $2.95 TV/... 83 100 $2.45 ... 16,558 2,357 Mathews $3.70 TV/Avg. 83 100 $3.07 83 ... ... Mecklenburg $3.26 LV/Clean 75 100 $2.45 57 25,775 1,006 Middlesex $3.50 RV/... 100 35 $1.23 61 17,845 1,464 Montgomery $2.45 TV/Clean 83 80 $1.63 62 45,513 1,623

*

(17)

*

LV: Loan value; RV: Retail value; TV: Trade-in value; TVc: Clean trade-in value; WV: Wholesale value

†_{Relationship to retail value is based on the percentage of assessed value of RV, LV, or TV to RV for a typical car. See text of Section 9}

for an explanation.

# _{Adjusted effective rate = tax rate x relationship to retail value x assessment ratio.}

... No reply.

Table 9.3

Tangible Personal Property Tax for Automobiles and Trucks of Less than

Two Tons, 2011 (continued)

Counties (continued)

Nelson $2.95 RV/... 100 90 $2.66 76 21,194 ... New Kent $3.75 LV/Avg. 75 100 $2.81 78 18,920 1,711 Northampton $4.10 LV/... 75 100 $3.08 73 ... ... Northumberland $3.60 RV/Avg. 100 40 $1.44 60 21,382 713 Nottoway $3.50 LV/... 75 100 $2.63 43 11,994 289 Orange $3.27 TV/Clean 83 100 $2.71 ... ... ... Page $4.64 LV/Avg. 75 100 $3.48 ... 29,586 2,002 Patrick $1.71 TV/Clean 83 100 $1.42 50 19,557 ... Pittsylvania $8.50 TV/Avg. 83 30 $2.12 71 73,471 15,202 Powhatan $3.60 LV/Clean 75 100 $2.70 87 38,235 9,100 Prince Edward $4.50 LV/Clean 75 100 $3.38 88 21,644 ... Prince George $4.00 LV/... 75 100 $3.00 ... ... ... Prince William $3.70 TV/Clean 83 100 $3.07 85 380,003 23,695 Pulaski $2.14 TV/Avg. 83 100 $1.78 78 ... ... Rappahannock $4.20 LV/... 75 100 $3.15 90 ... ... Richmond $3.50 LV/... 75 100 $2.63 61 8,159 1,440 Roanoke $3.50 LV/... 75 100 $2.63 61 75,356 881 Rockbridge $4.25 LV/... 75 100 $3.19 74 ... ... Rockingham $2.80 LV/Avg. 75 100 $2.10 20 100,000 22,201 Russell $1.65 LV/Clean 75 100 $1.24 63 38,664 ... Scott $1.40 LV/... 75 100 $1.05 46 21,416 ... Shenandoah $3.15 TV/... 83 100 $2.61 69 56,917 2,067 Smyth $2.25 LV/Avg. 75 100 $1.69 74 28,246 2,704 Southampton $5.00 LV/... 75 100 $3.75 80 21,466 2,679 Spotsylvania $6.26 RV/... 100 100 $6.26 75 ... ... Stafford $6.89 RV/... 100 40 $2.76 79 136,793 13,809 Surry $4.00 LV/Clean 75 100 $3.00 71 7,636 327 Sussex $4.85 LV/Clean 75 100 $3.64 76 13,190 1,204 Tazewell $2.00 LV/Clean 75 100 $1.50 60 48,182 4,812 Warren $4.00 TV/Clean 83 100 $3.32 79 50,856 2,306 Washington $1.55 LV/Avg. 75 100 $1.16 85 51,912 2,772 Westmoreland $3.00 LV/Clean 75 100 $2.25 75 19,561 5,125 Wise $1.49 LV/... 75 100 $1.12 ... ... ... Wythe $2.08 LV/... 75 100 $1.56 75 32,477 7,944 York $4.00 LV/Clean 75 100 $3.00 63 57,877 3,208 County: nominal and adjusted

effective tax rates per $100

Median $3.50 $2.63

First quartile $2.40 $1.75

Third quartile $4.18 $3.10

Maximum $8.50 $6.26

Minimum $0.35 $0.29

City and county: nominal and adjusted effective tax rates per $100

Median $3.60 $2.70

First quartile $2.84 $2.02

Third quartile $4.25 $3.19

Maximum $8.50 $6.26

Minimum $0.35 $0.29