Personal Property Tax Information

The personal property tax is assessed by the Commissioner of the Revenue and collected by the Treasurer. It includes vehicles, motorcycles, motor homes and trailers. The current personal property rate is $4.50 per $100 of the assessed value. The Boat rate is $1.00 per $100 of the assessed value.  Payment should be made to the Treasurer’s Office by  June 5 and December 5.

Semi-Annual Personal Property Billing
In July 2014, the Board of Supervisors voted to implement semi-annual personal property tax billing for 2015. The first-half is due June 5 and the second-half will be due December 5.

If you purchased or sold a vehicle during the year, the pro-rated tax or adjustments are divided equally into the first and second half bills. The tax bill reflect vehicles transactions through mid-March.

Machinery and Equipment will be due August 5 and December 5.

If you are participating in the Isle Pre-pay Program, payments received by May 5 and November 5 will not be listed on your bill.

Change in Address or Tax Billing Status
If there has been a change in your address or any other information regarding your tax billing status, please contact the Commissioner of the Revenue’s Office at (757) 365-6222.

Delinquent Personal Property
Any payment received by the Treasurer shall be credited first against the most delinquent account, allowed under State Code 58.1-3913.

The Personal Property Tax Relief Act
The Personal Property Tax Relief Act of 1997 provides tax relief for vehicles locally registered within the Commonwealth of Virginia. The plan includes the following:

Tax reduction will apply to the first $20,000 value of a qualifying vehicle (defined as any passenger car, pickup, panel truck, or motorcycle used for non-business purposes).

For qualifying vehicles, your personal property taxes will be affected as follows:

2023 – 37% reduction shown on your tax bill

Owners of vehicles valued at $1,000 or less will not be required to make any tax payment on such qualified vehicles.

License Fee
Sec. 11-6. Amount of tax—Generally.
A license fee of eighteen dollars ($18.00) for each license year, as hereinafter provided for, is hereby imposed on each and every motorcycle, motor scooter, motorbike or other motor vehicle of like design or similar thereto to which this article is applicable, and a license fee of thirty-three dollars ($33.00) for each license year, as hereinafter provided for, is hereby imposed on each and every other kind and type of motor vehicle to which this article is applicable. A license fee of ten dollars ($10.00) for each license year, as hereinafter provided for, is hereby imposed on the following: each National Guard license plate with “NG” and each farm truck license plate with an “F”. Vehicles with “Farm Use” license plates are not subject to a license fee.  You may refer to the Municode for further information.