The Personal Property Tax Relief Act (PPTRA) of 1998 was approved by the General Assembly on April 24, 1998. This Act allows a percentage of tax relief on personal-use vehicles valued at $20,000 and less. Based on this Act, the Board of Supervisors adopted Ordinance 05-23 requiring vehicles to meet the "personal use" criteria to qualify for the relief. The tax relief percentage is applied to the first $20,000 of value of each qualifying vehicle.
2023 tax relief % = 43%
2022 tax relief % = 40.5%
2021 tax relief % = 48.5%
2020 tax relief % = 52%
Qualifying vehicles are those used predominantly for non-business purposes and owned or leased by natural persons. A vehicle is ineligible for the program if:
More than 50% of the mileage for the year is for business purposes and is deducted for federal income tax purposes or reimbursed by an employer; or
More than 50% of the depreciation associated with the vehicle is deducted as a business expense; or
The cost of the vehicle is expensed pursuant to Section 179 of the Internal Revenue Code[which by definition requires 50% or greater of business use]
If the vehicle has a gross weight of more than 7,500 pounds with "truck" license plates; or
If the vehicle has a gross weight of more than 10,000 pounds (regardless of license plate type); or
The vehicle is registered in a business name; Partnership; Corporation; or LLC (Limited Liability Company); or
It is a Motor Home
For more information on the PPTRA, please call the Commissioner of the Revenue's office at 757-890-3381 or visit the website for the Virginia Department of Taxation.