City Of Virginia Beach Personal Property Tax Assessment

When real estate taxes becomes delinquent by three years plus the current tax year the treasurer s office is allowed under code of virginia 58 1 3924 to advertise a list of properties which include the owners name of record as of the date of assessment in the newspaper.

City of virginia beach personal property tax assessment. The tax rate is based on the abos marine blue book retail value. Personal property taxes are due on june 5th annually. Therefore we have real estate taxes on real estate and personal property taxes on taxable property other than real estate. The city of norfolk levies a personal property tax on all pleasure boats including sailboats motor boats and other non commercial watercraft.

This bill will contain only the current year taxes due. Personal property tax bills are blue in color and are mailed at least 30 days prior to the due date. Virginia beach treasurer municipal center bldg 1 2401 courthouse drive virginia beach va 23456. Virginia beach city has one of the highest median property taxes in the united states and is ranked 349th of the 3143 counties in order of median property taxes.

Virginia beach city collects on average 0 81 of a property s assessed fair market value as property tax. Most of the local governments like to describe the tax rates for real estate and personal property in terms of dollars 100 and virginia beach is no exception i e. Personal property tax bills. The median property tax in virginia beach city virginia is 2 235 per year for a home worth the median value of 277 400.

On april 7 2020 the virginia beach city council passed an ordinance to delay charging penalty and interest until august 4 2020 for the 2020 2nd installment and 2020 supplemental real estate taxes that are due on june 5 2020. Every person or business owning a motor vehicle automobile truck bus motorcycle trailer semitrailer van recreational vehicle moped etc is required to file a personal property tax return. Prorated supplemental bills. Motor vehicle personal property tax proration.

The treasurer is responsible for preparing mailing and collecting the taxes based on what the cor discovers to be unbilled tangible personal property. The personal property tax rate on cars is listed as 4 100. Personal property taxes are assessed each year by the commissioner of revenue s cor office for all personal property garaged within the city of virginia beach.