Commissioner of the Revenue - Personal Property Tax Overview
What is it?
- This tax is assessed on the value of motor vehicles, trailers and boats that are stored, garaged, or parked in Chesterfield County.
- The Commissioner uses recognized pricing guides, such as the National Automobile Dealers Association Used Car Guide (NADA), as the basis for vehicle assessments .
- The vehicle tax rate is $3.60 per $100 of assessed value. Vehicles are assessed for the number of months they are sited in Chesterfield County.
Car Tax Relief
The Personal Property Tax Relief Act of 1998 provides tax relief for passenger cars, motorcycles, and pickup or panel trucks having a registered gross weight of less than 7,501 pounds.
Most automobiles are assessed based on the clean loan value listed in 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 reported to DMV as basis for the motor vehicle sales tax.
All vehicles must first be registered with the Department of Motor Vehicles. Vehicle owners, lessees, and purchasers of new vehicles must register their vehicles with the Commissioner of Revenue within 30 days of moving to Chesterfield County or the purchase of vehicle. All vehicles are taxable based on ownership. Personal Property taxes on motor vehicles are prorated on a monthly basis, while mobile homes are not. For questions regarding mobile homes, please contact the Commissioner of the Revenue at 804-748-1281.
- Deadlines - Personal Property tax returns must be filed on or before March 1 of each year. Taxes are to be paid by the due date to avoid penalties and interest.
- Penalties - Failure to register your vehicle(s) with Chesterfield County Commissioner of the Revenue will result in a late filing penalty of 10% and interest.
Frequently Asked Questions
This is a list of most commonly asked questions by subject matter.