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Commissioner of the Revenue - Assessment Methods & Tax Rates
 
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Commissioner of the Revenue
Timothy M. McPeters

Phone Numbers
(804) 748-1281

Fax Numbers
(804) 768-8649 Administration, Individual Personal Property
(804) 796-3236 Business License, Business Tangible Personal Property, Income Tax, Tax Relief

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Hours
Monday - Friday
8:30 a.m. - 5 p.m.

Mailing address
Commissioner of the Revenue
P.O. Box 124
Chesterfield, VA 23832-0908

Street Address
Commissioner of the Revenue
9901 Lori Road
Building 38, Room 165
Chesterfield, VA 23832
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Vehicle Services
Commissioner of the Revenue - Assessment Methods & Tax Rates

Automobiles and Trucks (14,999 pounds and under)
Most automobiles are assessed based on the clean loan value listed in the January issue of the National Automobile Dealers Association (NADA) Official Used Car Guide, as of January 1. The minimum assessment is $100. A new vehicle is assessed using a percentage of its cost as reported to DMV as basis for the motor vehicle sales tax.

Motorcycles
Motorcycles are assessed based on the rough trade-in value listed in the January-April issue of the National Automobile Dealers Association (NADA) /Snowmobile/ATV/Personal Watercraft Appraisal, as of January 1.  The minimum assessment is $100. A new motorcycle is assessed using a percentage of its cost as reported to DMV as basis for the motor vehicle sales tax.

Motor Homes
Motor homes are considered recreational vehicles and are assessed based on percentage of original cost. The cost must be listed on DMV records or a bill of sale must be provided. The minimum assessment is $100.

Boats
Boat assessments are based on the percentage of costs. The minimum assessment is $100.

Trucks (15,000 pounds and over)
Trucks assessments are based on the clean loan value listed in the National Automobile Dealers Association (NADA) Official Used Truck Guide. The minimum assessment is $1000.

Trailers
Trailers assessments are based on the percentage of original cost. They are not taxable for the current year if purchased after January 1. The minimum assessment for trailers weighing 14,999 pounds and under is $50. Those trailers weighing 15,000 pounds or greater, the minimum assessment is $1000.

Mobile Homes
Mobile Homes are assessed based on price per square foot as determined in the Wingate Mobile Appraisal Guide.

Common Carrier And Contract Carrier Vehicles
Motor vehicles and trailers with a gross weight of 10,000 pounds or more and are used to transport property for hire by a motor carrier engaged in interstate commerce are assessed at a reduced rate. In order to qualify for the reduced rate, you are required to provide the Commissioner of the Revenue a copy of your certificate from the Federal Highway Administration showing you are a common carrier or contract carrier.

Aircraft (includes helicopters and hot air balloons)
Assessments are based on the Aircraft Bluebook Digest, using the “Average Marketable Equipt” figure (read backwards).  Personal Property tax on aircraft is not prorated.

Tax Rates  

Tax Item Rate per $100 Assessed Value
Cars, motorcycles, light trucks, trailers $3.60
Boats $3.60
Recreational Vehicles (motor home) $3.60
For Hire Motor Carriers $0.96
Mobile Homes $0.96
Volunteer Fire/Rescue  $0.96
Aircraft $0.50
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