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 Form 2023 In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00123
Format:
Word;
Rich Text
Instant download
Description
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FAQ
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.
Calculating the Tax Assessed value of the vehicle is $8,000. Apply the $4.15 tax rate: ($4.15 / 100) x $8,000 = $332.00. Calculate personal property relief: 28% (for 2024) x $332.00 = $92.96. Reduce the tax by the relief amount: $332.00 - $92.96 = $239.04. Annual Tax Amount = $239.04.
When a tax due date falls on a weekend, it automatically extends to the next business day. The personal property tax rate is 3.96% of assessed value for calendar year 2024. A mobile home classified as personal property is taxed at real estate tax rate at 0.854% of assessed value for calendar year 2024.
Tax Rates. The current tax rate for most personal property in Fairfax County is $4.57 for each $100 of assessed value.
The tax rate for most vehicles is $4.57 per $100 of assessed value. For properties included in a special subclass, the tax rate is $0.01 per $100 of assessed value. This special subclass includes the following: privately-owned vans used for van pools.
The tax rate for most vehicles is $4.57 per $100 of assessed value. For properties included in a special subclass, the tax rate is $0.01 per $100 of assessed value. This special subclass includes the following: privately-owned vans used for van pools.
Personal property tax relief is provided for any passenger car, motorcycle, or pickup or panel truck having a registered gross weight with DMV of 10,000 pounds or less on January 1. Qualifying vehicles must be owned or leased by an individual and be used 50% or less for business purposes.
The Virginia Constitution provides veterans who have 100 per cent service-connected, permanent, and total disabilities with a tax exemption for an automobile or pickup truck that is registered for personal use.
Ask for Your Property Tax Card. Don't Build. Limit Curb Appeal. Research Neighboring Homes. Allow the Assessor Access to Your Home. Walk the Home With the Assessor. Look for Exemptions. Appeal Your Tax Bill.
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.
More info
Personal property tax returns for motor vehicles, trailers, and semi-trailers must be filed within 60 days of the purchase or move-in date. For more information regarding the vehicle tax, please see the Vehicle Tax section.Citizens are required to register with the Commissioner of the Revenue's Office within 60 days of a vehicle relocating to the city. As a start, you need to fill out this form: Business Return of Tangible Personal Property, Machinery and Tools and Instructions. When you complete your registration, you'll receive your 15-digit sales tax account number and your Sales Tax Certificate of Registration (Form ST-4). Personal property tax lists of Fairfax County, 1782-1805. Personal property tax (also known as a car tax) is a tax on tangible property - ie, property that can be touched and moved, such as a car or piece of equipment. "The car tax belongs in the trash can, not in your mailbox," Youngkin said. Miscellaneous and incidental property used in a trade or business . Adjustments (Schedule X)…