HELP! Personal property tax in Virginia

Maybe take it to a dealer (like CarMax) and have them give you a 'trade in' value in writing. It should be much lower then the 'retail' appraisal that NOVA often taxes on.

 

I was able to prove diminished value on my 599 and they significantly lowered my assessment. There's a form for it, just go get it from your tax office. But you'll have to make a compelling argument why they shouldn't go by NADA. If the car doesn't have a story, I don't know how you do that.

 

Fairfax County uses the NADA book value as of 1 January each year using the NADA January guide. I would recommend you go to the FFX County web site and read how they do it as it has all the information spelled out there on how they determine value, (I looked at it recently myself) then you can see if you have a valid issue with them on your car. Each county determines value differently so Pipers county may use a different guide or procedure.

Bobert

 

Loudoun is the same. You have to have a valid reason for them to discount, accident or other story. Remember we're talking VA state property tax, not county sticker, even though you can't get the sticker without paying the tax.

 

Which by the way is a tax on a tax.

 

I received my personal property tax as well. I was shocked to see that the amount I owe is more than doubled from last year! I looked at the NADA and saw the (3) values for my car. Following their formula:

(Assessed Value /$100) x $4.57 = Current Tax

Still doesn't come up to what I owe. I applied this formula to all (3) values in NADA and the value is more than what I owe. I'm afraid to bring this up to them because I don't want Fairfax County to say "Oh! In that case you owe us MORE money!"

I'm definitely registering my car as an Antique for next year! Unfortunately, that's not something Kevin (the OP) can do.

Bill P.

 

That's what happens when a red state forgets it's red for a few election cycles. Glad I dumped the ferrari.

 

A good friend of mine had that problem in his city. He went to the tax assessor and told them, "If you can find someone - anyone! - to buy this car at that price, I'll sell it, pay your tax, and have enough left over to buy two more!"

That argument didn't fly......

gp