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.

The Virginia Constitution provides veterans who have 100 per cent service-connected, permanent, and total disabilities with a tax exemption for an automobile or pickup truck that is registered for personal use.

Business personal property tax is a tax on the furniture, fixtures, machinery, and tools used in a business, trade, or profession. The Code of Virginia (§58.1-3503) states that all tangible business personal property is taxable for the physical life of the property regardless of age (1 day or 1,000 years old.)

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.

Section 4-7.2-1. (B) Gross receipts do not include revenues that are attributable to taxable business activity conducted in another jurisdiction within the Commonwealth of Virginia and the volume attributable to that business activity is deductible pursuant to Code of Virginia Sections 58.1-3708 and 58.1-3709.

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.

Tax Rates. The current tax rate for most personal property in Fairfax County is $4.57 for each $100 of assessed value.

To have your name will be withheld from the Fairfax County Real Estate Division website, please complete an Owner Name Withholding Form. Please note that the name withholding only applies to our online iCare database. This information will continue to be accessible to requestors who visit our offices or call us.

WHICH STATES DO NOT TAX BUSINESS PERSONAL PROPERTY? North Dakota. South Dakota. Ohio. Pennsylvania. New Jersey. New York. New Hampshire. Hawaii.

More info

♢ New Business Tangible Personal Property Form. The New Business Tangible Personal Property Form is intended for first-time filers only.Business license taxes are levied annually and are typically based on a business's gross receipts. As a start, you need to fill out this form: Business Return of Tangible Personal Property, Machinery and Tools and Instructions. Don't have a business account? Do not use the signing option when filling out the forms. If taxes are included in the property owner's mortgage payments, the City will bill the bank or mortgage company for taxes due. The situs for personal property taxation will be as set forth in the Code of Virginia as amended. Don and Vienna are required to file their Business. Tangible Personal Property with Fairfax County.

Personal Property Business Form Withholding In Fairfax

Description

Related forms

Show more info

Form Rating

Form popularity

FAQ

How do I fight personal property tax in Virginia?

Who is exempt from paying personal property tax in Virginia?

Does Virginia tax business personal property?

How to avoid Virginia personal property tax?

What is Section 4 7.2 1 B of the Fairfax County Code?

How to reduce personal property tax?

What is the personal property tax rate in Fairfax County?

Is name withheld from Fairfax County property?

Which states do not tax business personal property?

More info

Trusted and secure by over 3 million people of the world’s leading companies