The City of Danville Commissioner of the Revenue is responsible for the assessments of Automobiles, Boats, Campers, Trucks, Trailers, Airplanes and Manufactured Homes.
Payment Dates for Personal Property Taxes are:
|
1st Half – June 5th
|
|
2nd Half – December 5th
|
What to do if you purchase a new or used vehicle
Vehicle owners must register their vehicles using a current registration card from the Department of Motor Vehicles (DMV) with the Commissioner of the Revenue for Personal Property Tax purposes.
What to do if you dispose of a vehicle
First notify the Department of Motor Vehicles (DMV) immediately if possible or within 30 days at 800-435-5137
After you notify the DMV contact the Commissioner of Revenue’s Office at 434-799-5145
What to do if you move in or out of the City of Danville
First notify the Department of Motor Vehicles (DMV) of your new address at 800-435-5137
After you notify the DMV contact the Commissioner of Revenue’s Office at 434-799-5145
Assessment of Vehicles
Assessments are based on average trade-in value from the January issue of N.A.D.A. (National Automobile Dealers Association) guide. In the absence of a recognized price guide the Commissioner of the Revenue determines the fair market value. City of Danville tax rate is $3.00 per $100.00
What is the Personal Property Tax Relief Act?
The Personal Property Tax Relief Act of 1998 provides tax relief for passenger cars, motorcycles, and pickup or panel trucks having a registered gross weight of less than 7,501 pounds.
To qualify, a vehicle must:
Be owned by an individual or leased by an individual under a contract requiring the individual to pay the personal property tax.
Be used less than 50% for business purposes.
Motor Homes, Trailers, Boats and Farm Use Vehicles do not qualify for tax relief.
Does your vehicle qualify for Tax relief?
If you can answer yes to any of the following questions your motor vehicle is considered by state law to have a business use and does NOT qualify for Car Tax Relief.
Is more than 50% of the mileage for the year used as a business expense for Federal Income Tax purposes or reimbursed by an employer?
Is more than 50% of the depreciation associated with the vehicle deducted as a business expense pursuant to section 179 of the Internal Revenue Service Code?
Is the vehicle leased by an individual and the leasing company pays the tax without reimbursement from individual?
The State of Virginia is currently paying a portion of your Personal Property Taxes on qualifying vehicles.