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NoVA (Loudoun County) Tax Assessment

Discussion in 'Mid-Atlantic Region - USA (PA, DE, MD, DC, VA)' started by MKTViper, Jun 23, 2020.

  1. MKTViper

    MKTViper Karting
    Silver Subscribed

    Oct 9, 2018
    141
    Northern VA
    Full Name:
    Mike
    Just paid my personal property tax bill for Loudoun County VA. $5350 a year in taxes because they use low retail value of "NADA Collectibles & Exotics". That puts the "fair" assessed value at ~$135K. Not even close for an F430 Spider F1 with 27K miles.

    Has anyone in LoCo successfully fought this to get it changed?

    I
     
  2. E60 M5

    E60 M5 Moderator
    Moderator Owner

    Jan 2, 2006
    6,473
    Wash DC area
    Full Name:
    Robert
    Short answer, no.

    You can get a high mileage waiver for a lower value, but it has to be ridiculous miles.
    At least you can right off property taxes, if there is a bright side.
     
  3. carz80am

    carz80am Formula Junior

    Sep 23, 2015
    432
    Northern Virginia/DC
    10k cap including home...
     
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  4. E60 M5

    E60 M5 Moderator
    Moderator Owner

    Jan 2, 2006
    6,473
    Wash DC area
    Full Name:
    Robert
    $10k too much, no way I would live there or Fairfax.
     
  5. INRange

    INRange F1 Rookie
    Silver Subscribed

    Jan 27, 2014
    3,919
    Virginia
    Full Name:
    JD
    Unfortunately ......some of us do :(
     
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  6. carz80am

    carz80am Formula Junior

    Sep 23, 2015
    432
    Northern Virginia/DC
    Fixed it for you ;)
     
  7. E60 M5

    E60 M5 Moderator
    Moderator Owner

    Jan 2, 2006
    6,473
    Wash DC area
    Full Name:
    Robert
    Bingo
     
  8. MKTViper

    MKTViper Karting
    Silver Subscribed

    Oct 9, 2018
    141
    Northern VA
    Full Name:
    Mike
    I actually do plan to move out of the NoVA area in a couple years, still within reach of DC but not necessarily "the DC area". This is just another reason to move sooner rather than later.

    Ugh.
     
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  9. Piper

    Piper Two Time F1 World Champ
    Rossa Subscribed Owner

    Jun 6, 2010
    22,790
    Northern Virginia
    Full Name:
    Bob
    Same here. Immediately walked across the hall and got the appeal form. The max from appeal is only 10% which will still be over fair market for my Cali T.
     
  10. MKTViper

    MKTViper Karting
    Silver Subscribed

    Oct 9, 2018
    141
    Northern VA
    Full Name:
    Mike
    What reason are you using to base your appeal? Which form? I looked online and the only reasons listed were excessive mileage or significantly poor condition.

    Maybe if enough of us do it we can get a more equitable assessment method.

    What I'd like to do is offer my car to the tax assessor for $125K, a full $10K below "fair market value". Theoretically he could flip the car and make $10K. Of course he won't because I'm sure he knows how inflated the assessed values are. BTW I bought my car for $85K back in Nov.
     
  11. albkid

    albkid Formula Junior

    Jul 1, 2016
    260
    Full Name:
    Jim
    After twenty years in Fairfax County, wife and I moved west. Lost touch with the Outer Banks but got the mountains instead. It was an equitable trade.
     
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  12. Ianjoub

    Ianjoub Formula Junior

    Dec 22, 2019
    497
    Homosassa, FL USA
    Full Name:
    Ian Joubert
    Get an address in FL. Title, insure, and register the car here. There is no yearly or ad valorem tax here.
     
  13. energy88

    energy88 F1 World Champ
    Rossa Subscribed

    Jan 21, 2012
    12,269
    Fredericksburg, VA & Sarasota, FL
    Full Name:
    John
    Picking a county that doesn't have emissions inspections makes life more pleasant.
     
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  14. wthensler

    wthensler Formula Junior
    Silver Subscribed

    Apr 27, 2015
    600
    Philly area and FL
    Full Name:
    William
    This.....Madison Co. also does it. They dinged me one year when I had the wife’s car registered in VA. Now we have a place in FL.

    We love VA, but it’s getting harder to live there.
     
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  15. Gh21631

    Gh21631 F1 Rookie
    Silver Subscribed

    Feb 24, 2011
    4,870
    East
    VA is probably the worst state in the country when it comes to owning and driving nicer cars. They are overzealous in handing out tickets, sales tax is not credited on trades and of course recurring over valued property taxes on your cars. VA is not headed in the right direction these days unfortunately.
     
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