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Personal Property Statement With No Class Life In Fairfax

Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00123
Format:
Word; 
Rich Text
Instant download

Description

The Personal Property Statement with No Class Life in Fairfax is a critical document designed for parties involved in leasing personal property. This form outlines the terms of lease, including property description, lease term, obligations for repairs, and indemnification provisions, ensuring clarity and mutual understanding between Lessor and Lessee. Key features of the form include the stipulation that all repairs and maintenance are the Lessee's responsibility, the prohibition on assignments or subleasing without consent, and clear guidelines for notices required under the agreement. The instructions guide users to fill the form accurately while emphasizing the importance of written agreements for any modifications. This statement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a structured method for leasing personal property without class life, safeguarding the rights and responsibilities of each party involved. Use cases include business agreements where equipment is leased, commercial transactions involving personal property, and any situation where liability and repair obligations need to be clearly delineated to prevent disputes.
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FAQ

To qualify for real estate tax deferral, you must be at least 65 years of age or permanently and totally disabled. Applicants who turn 65 or become permanently and totally disabled during the year of application may also qualify for tax deferral on a prorated basis.

You may view your tax information online or request a copy of the bill by emailing DTARCD@fairfaxcounty or calling 703-222-8234, TTY 711.

For an estimate of the tax on your vehicle, contact the Personal Property division of the Commissioner's Office. §58.1-3503 of the Code of Virginia also enables commissioners to consider the conditions of taxable property, upon request of the taxpayer. Taxpayers may easily appeal their assessments.

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.

You need the Virginia State's Division of Motor Vehicles website. How can I obtain information about personal property taxes? You can call the Personal Property Tax Division at (804) 501-4263 or visit the Department of Finance website .

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.

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.

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.

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.

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Personal Property Statement With No Class Life In Fairfax