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.
- 2016 tax relief % = 52.5%
- 2015 tax relief % = 55%
- 2014 tax relief % = 59%
- 2013 tax relief % = 62%
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]; or
• If the vehicle has a gross weight of more than 7500 lbs.; 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.
For information about titling vehicles or driver licensing in Virginia, visit the Virginia Department of Motor Vehicles website. For information about other localities visit the State and Local Government on the Net website.