Agreement Form For Motorcycle In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-00459BG
Format:
Word; 
Rich Text
Instant download

Description

This form is a generic Bill of Sale for a Motorcycle from an individual rather than from a dealer. No warranty is being made as to its condition.

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Bill of Sale

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FAQ

New residents must register their vehicle with the Virginia Department of Motor Vehicles (DMV) within 30 days from date of residence. For information, call DMV at 804-497-7100.

853.02 PENALTY ON UNREGISTERED VEHICLES. (a) A penalty of two hundred fifty dollars ($250) shall be imposed upon the resident owner of any motor vehicle that, following the end of the first 60 days of residency in the Commonwealth has not registered such vehicle in Virginia.

Sign the vehicle over to the buyer/recipient and give them the title. In Section A on the front of the title, do the following: Print and sign your name as seller(s) - all owners listed on the title must sign. Provide the name and address of the buyer/recipient on the top line of Section A.

The tax rate is $4 per $100 of the assessed value. 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.

Property Number (On your Fairfax County property bill, look near the top or bottom right corner after "Include this Number on your Check:") Vehicle Identification Number (VIN) Vehicle Year, Make, Model and Trim.

All businesses operating in the City of Fairfax must apply for an annual license with the Commissioner of the Revenue. Business license taxes are levied annually and are typically based on a business's gross receipts.

How is my property tax calculated? Full vehicle value per value guide $10,000 Apply the tax rate ($4.57 per $100 value) to get total annual tax for the vehicle $10,000 x ($4.57 / 100) = $457.00 $457.00 Calculate the personal property tax relief amount (50% in 2024) $457.00 x 0.50 = $228.50 -$228.502 more rows

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.

Example: Personal Use Vehicle Valued at More than $20,000 Vehicle assessed value: $30,000. Tax rate calculation: ($4.15 / 100) x $30,000 = $1,245.00. PPTR on first $20,000: ($4.15 / 100) x $20,000 x 28% = $232.40. Total tax: $1,245.00 - $232.40 = $1,012.60. Annual tax: $1,012.60.

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Agreement Form For Motorcycle In Fairfax