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Cars and Transportation
Reply to "VA - Vehicle Personal Property Tax 2023 "
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[quote=Anonymous]The rate is 5% but the following exemptions apply for a standard fuel vehicle A 100 percent tax relief on the first $3,000 of the vehicle's value A 24 percent tax relief on the next $17,000 of the vehicles value, from $3,001-$20,000 No tax relief for the portion of a vehicle's assessed value over $20,000 $3000 - $0 $3001 to $20000 - $646 $ 20001 to $37000 - $850 Total tax $1496 Last year they marked down the valuations since old cars actually went up in book value, no idea if they will do that again. [/quote]
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