I no longer own the car (boat, truck, etc.) I was billed for. What do I need to do?

The Commissioner's office determines ownership of Personal Property through various methods which may include information from the State Department of Motor Vehicles and the Department of Game and Inland Fisheries.

As an example, according to the Code of Virginia, if you "trade in" a car, the dealer must retitle that car within thirty days. Sometimes this doesn't happen so the car remains titled in your name. There is no way for the Commissioner's office to know that you no longer own the vehicle unless you notify the Commissioner's Office or you check with the State Department of Motor Vehicles to be sure that the vehicle is no longer titled in your name.

In any case, by providing proof of sale, The Commissioner of the Revenue's Office can exonerate you of the tax owed on the vehicle. Please note that the Treasurer's Office is not empowered to exonerate the tax due; so your first stop should be The Commissioner of the Revenue's Office.

How do I calculate the amount of Tax Relief I will receive on my automobile which is valued at $20000 or less?

As an example, using an automobile valued at $14,000, a tax rate of $3.26 per one hundred dollars of value and 30 percent tax relief the tax due would be calculated as follows -

$14000 times 0.0326 ($3.26 per hundred) equals $456.40

$456.40 time 0.30 (30 percent) = $136.92

Therefore the total tax due would be $456.40 minus $136.92 equals $319.48.

Since taxes are billed twice a year (in December and in June) the December bill would be $159.74 and the June bill would be $159.74.

How do I calculate the amount of Tax Relief I will receive on my automobile which is valued over $20000?

As an example, using an automobile valued at $22,000, a tax rate of $3.26 per one hundred dollars of value and 30 percent tax relief, the tax due would be calculated as follows -

$22000 times 0.0326 ($3.26 per hundred) equals $717.20

Tax Relief only covers the first $20000 in value. Therefore the maximum tax relief is $20000 times 0.0326 times 0.30 equals $195.60

Therefore the total tax due would be $717.20 minus $195.60 equals $521.60.

Since taxes are billed twice a year (in December and in June) the December bill would be $260.80 and the June bill would be $260.80.