This form is a contract for the lease of personal property. The lessor demises and leases to the lessee and the lessee takes and rents from the lessor certain personal property described in Exhibit "A".
Personal Property Document With No Class Life In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00123
Format:
Word;
Rich Text
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FAQ
Is there a real estate tax exemption for seniors and people with disabilities? Yes, Fairfax County provides real estate tax exemption to residents who are either 65 years of age or older or permanently and totally disabled and meet the income and asset eligibility requirements.
Personal property is taxable in the locality where it is normally garaged, docked or parked. Vehicles with a weight of 10,000 pounds or less registered in VA but normally garaged, docked or parked in another state shall be taxed in the VA locality where the vehicle is registered (Code of Virginia §58.1-3511).
What is considered individual personal property? Virginia State Code Section § 58.1-3503 defines personal property as automobiles, trucks, manufactured homes, motorcycles, recreational vehicles, boats, trailers, and aircraft.
Qualify for Personal Property Tax Relief Per the Code of Virginia §58.1-3524, personal property tax relief (PPTR) gives tax relief on the taxes due for the first $20,000 in assessed value on qualified personal vehicles. No relief is given on any assessment amounts over $20,000.
Send us an email (see links below) or call us at 703-222-8234 (TTY 711) weekdays from 8AM to PM. We are open for walk-in traffic weekdays 8AM to PM.
All citizens must meet the following criteria: ➢ Must be 65 or older, OR are permanently and totally disabled; ➢ Must live in the dwelling; ➢ Have a combined household income of $60,000 or less; and ➢ Have assets (net worth) of less than $350,000.
Fairfax County provides real estate tax relief and vehicle ("car") tax relief to citizens who are either 65 or older, or permanently and totally disabled, and meet the income and asset eligibility requirements. Qualified taxpayers may also be eligible for tax relief for renters.
Tangible personal property refers to physical assets that individuals own, such as furniture, vehicles, electronics, and jewelry. Adding tangible personal property provisions to your estate plan ensures smooth inheritance, prevents disputes, and helps distribute sentimental items as you wish.
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Personal property tax returns for motor vehicles, trailers, and semi-trailers must be filed within 60 days of the purchase or move-in date. Each year, the Real Estate Assessment Office appraises all real property in the City to determine its value for tax purposes.This manual is intended to assist persons who are involved in the administration of a decedent's estate in Virginia. This portion of the form must be legibly filled out in PRINT. Assets should be clearly identified, listed in reasonable detail, and valued as of the decedent's date of death (not the date the inventory is prepared). Such rate shall not exceed the tangible personal property tax on the general class of tangible personal property. Quitclaim Deeds do not include any warranties regarding title, and the grantor merely conveys whatever interest he has in the subject property.