Personal Property

Personal Property tax applies at varying rates to the assessed value of the tangible personal property. Values are established by recognized pricing guides or a percentage of cost based on purchase date. The Commissioner of the Revenue's Office is the only office that has the authority to make an adjustment to an assessment.

The office is online with the VA Department of Motor Vehicles. Access is provided by the Virginia Information Technology Agency. Online capability assists in tax assessments.

Personal Property Returns

Personal property deputies screen all returns for personal property owned January 1 of each year. Property listed must include all furniture, fixtures, tools, machinery, etc.

Every entity operating a business who owns or leases equipment within the County must file a tangible personal property return. Forms are provided by the Commissioner of the Revenue. The required filing includes the listing of equipment or property owned, date of purchase and the purchase price.

Personal Property Return (Form 762) can be submitted electronically by email.

Information Required for Personal Property Assessment

NADA Consumer Vehicle Values Guide
Square footage
Percentage of owners cost
Federal Income tax return with depreciation schedules

Local Mobile Property

Local Mobile Property is defined as boats, campers, recreational vehicles, trailers and airplanes. Any taxpayer who reasonably believes that the assessment of any Local Mobile Property is in error must apply to the Commissioner of the Revenue.

The application for review must be made within one year from the date of assessment, or one year from the last day of the tax year, whichever is later. For more information, visit the Appeal of Local Mobile Property page.