Personal Property FAQ's
1. What is considered individual personal property?
2.
What is the personal property tax rate?
3.
When is the personal property tax bill due?
4.
If I move out of Gloucester County or sell my automobile, will
my tax bill be prorated?
5.What
is PPTRA and how does it affect the taxpayer?
6.
When does a vehicle not qualify for PPTRA?
7.
What do I do if I dispose of a vehicle?
8.
I am in the military; do I have to pay personal property
taxes?
9.
What do I do if I purchased a new vehicle?
10.
Do I need to purchase a decal for my vehicle?
11.
How do I contact the Virginia Department of Motor Vehicles?
12.
How do I contact the Virginia Department of Game and Inland
Fisheries?
13.
I own an antique vehicle with antique/vintage-restricted tags; do I have to
register this vehicle?
14.
Do I need to register a leased vehicle with Gloucester
County?
15.
I am a new resident to Gloucester County. How do I register
with the county?
16.
When must I file a personal property tax return?
1. What is considered individual personal property? Virginia State Code Section 58.1-3503 defines personal property as automobiles, trucks, manufactured homes, motorcycles, recreational vehicles, boats, trailers, and aircraft.
2. What is the personal property tax rate? For 2008 the rate is $2.60 per $100 of assessed value. The Board of Supervisors sets this rate annually.
3. When is the personal property tax bill due? The personal property tax bills are due on June 30th and December 5th.
4. If I move out of Gloucester County or sell my automobile, will my tax bill be prorated? Gloucester County does not prorate automobiles, trucks, motorcycles, recreational vehicles, boats, trailers or aircraft. You will be responsible for the tax bill for the remainder of the year.
5. What is PPTRA and how does it affect the taxpayer? The Personal Property Tax Relief Act (PPTRA) of 1998 was intended to phase out the payment of personal property taxes on certain motor vehicles. The State no longer intends to eliminate the personal property tax, but rather provide a reduction to the taxpayer. For tax year 2008, the state provided Gloucester County residents with 35.4% tax relief on the qualifying personal property tax bills.
6. When does a vehicle not qualify for
PPTRA?
- If more than 50% of the vehicle's mileage for the year is
for business purposes
- On motor homes, trailers, and farm use vehicles
- If more than 50% of the depreciation
associated with the vehicle is deductible as a business expense
- If the vehicle's cost is expensed pursuant to Section
179 of IRS code
- Vehicles with Farm Use or For Hire plates
- If the gross weight is more than 7,500 pounds
- If the vehicle is registered in a business name
7. What do I do if I dispose of a vehicle? Notify both DMV and the Commissioner of the Revenue's Office immediately if your vehicle has been sold, stolen, donated, or totaled. Virginia DMV requires notification within 30 days of selling, trading, or junking a vehicle by completing the back portion of the vehicle registration form. Once DMV has been notified, you are required to notify the Commissioner of the Revenue. You may notify the Commissioner of Revenue's Office by filling out the Changes Personal Property Filing Form.
8. I am in the military; do I have to pay personal property taxes? If your legal domicile is Virginia, your vehicle(s) is/are subject to personal property taxes from the locality where you are registered regardless of where the vehicle is garaged during your active military service. If your vehicle is titled in Virginia, but your legal domicile is not in Virginia, your vehicle is not subject to Virginia property taxes. This policy only applies to vehicles registered/titled solely in the name of active military personnel. A copy of a current LES statement is required to absolve any liability to Virginia. This statement must be filed with us each year.
9.What do I do if I have purchased a new vehicle? The owner must register their vehicle with the Commissioner of Revenue. You must file the Personal Property Filing and Registration form with this office by March 1 of the next tax year.
10 Do I need to purchase a decal for my vehicle? Beginning in 2006 Gloucester County will no longer issue decals.
11. How do I contact the Virginia Department of Motor Vehicles? Visit DMV online at www.dmv.state.va.us. You can contact DMV by phone at 1-866-368-5463 or 1-800-435-5137. The mailing address for DMV is: Virginia Department of Motor Vehicles, PO Box 27412, Richmond, VA 23269.
12. How do I contact the Virginia Department of Game and Inland Fisheries? Visit Game and Inland Fisheries online at www.dgif.state.va.us. You can reach the Virginia Department of Game and Inland Fisheries by phone at 1-877-898-BOAT (2628). The Virginia Department of Game and Inland Fisheries is located at 4010 West Broad Street, Richmond, Virginia 23230.
13. I own an antique vehicle with antique/vintage-restricted tags; do I have to register this vehicle? Yes, all vehicles need to be registered with Gloucester County. If the vehicle is classified as an antique or vintage and has permanent license plates issued as specified in Va. State Code Section 46.2-730, then the vehicle is not subject to taxation.
14. Do I need to register a leased vehicle with Gloucester County? Any leased vehicle, including business vehicles, garaged in Gloucester County must be registered with our office within 10 days of the date of the lease or from the date the vehicle moved to the County. The lessee is responsible for registering the leased vehicle with our office regardless of the party responsible for the property taxes.
15. I am a new resident to Gloucester County. How do I register with the county? The Commissioner of the Revenue welcomes you to Gloucester County. All vehicles should be registered with the Virginia Department of Motor Vehicles (DMV) prior to notifying us. Boats need to be registered with Game and Inland Fisheries (GIF). You may file a return anytime after you move to Gloucester County; however, a return is required by March 1st of the first year you were a resident on January 1st. Gloucester County does not prorate; therefore, you will be taxed for the entire year on items that you own January 1st. Also see "When must I file a personal property tax return?"
16. When must I file a personal property tax return? For motor vehicles, trailers or boats you must file by March 1st if you have not previously filed a return. Once you have filed you only need to file if: (1) your name or address has changed, (2) the location of the property has changed, (3) a change affecting the assessment or levy of the personal property tax or (4) if you sold, traded, or disposed of the current item or have purchased a new item.
All other personal property must be filed by March 1st of each year. Failure to file shall incur a penalty of ten(10) percent of the tax due.
Back to Personal Property Tax Division
Updated By:
Kristin Powell
Last Update:
06/03/2008