This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Bill Personal Property Form With Insurance In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
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.
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.
Tax Rates. The current tax rate for most personal property in Fairfax County is $4.57 for each $100 of assessed value.
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.
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.
Vehicle Personal Property Tax 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. No Plate Tax: $100 is assessed annually on vehicles that do not display current Virginia license plates as required by law. (
Virginia State Code Section 58.1-3503(17) defines business personal property as all tangible personal property employed in a trade or a business. Businesses are assessed on, but not limited to, office furniture, fixtures, equipment, machinery and tools, and merchants capital.
Appealing a Personal Property Tax Assessment Any taxpayer may submit an appeal to the Commissioner or the Revenue regarding the assessment of their taxable personal property including, but not limited to, airplanes, boats, mobile homes, motorcycles, motorized vehicles, trailers and trucks.
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.
