Lower Personal Property Tax Rate on one Vehicle

Virginia code allows for localities to provide a Lower  Personal Property Tax rate to Disabled Veterans on one motor vehicle (passenger car, pickup or panel truck) which they own (not lease). In accordance with state law, the Lower Rate for which one may be eligible is determined by legal ownership of the property. This benefit is in addition to the Exemption from Personal Property taxes on one vehicle, and is available for Disabled Veterans who may not be eligible for the exemption.

 

One motor vehicle owned and regularly used by a veteran who has either lost, or lost the use of, one or both legs, or an arm or a hand, or who is blind or who is permanently and totally disabled as certified by the Department of Veterans Services. In order to qualify, the veteran shall provide a written statement to the commissioner of revenue or other assessing officer from the Department of Veterans Services that the veteran has been so designated or classified by the Department of Veterans Services as to meet the requirements of this section, and that his disability is service-connected. For purposes of this section, a person is blind if he meets the provisions of § 46.2-100;

The current Lower Tax rate for this benefit is $0.09 per $100.00 of Assessed Value rather than the General Rate of $4.08 of per $100.00 of Assessed Value. To apply for this exemption, review the Eligibility Requirements and file an Application Form with the Commissioner of the Revenue's Office. Links to this document are provided below.

DV-Application-Lowered-Vehicle-Personal-Property-Tax-Rate