for owners in VA...what was your car valued at?
08-25-2008 | 12:06 PM
#1
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for owners in VA...what was your car valued at?
arlington county valued mine at around $22k...and it's a MY07! do they use trade-in value for it?
btw, it was still like $700 in taxes, and it's a yearly tax. awful. MD and DC don't have personal property tax, do they? i need to move.
btw, it was still like $700 in taxes, and it's a yearly tax. awful. MD and DC don't have personal property tax, do they? i need to move.
08-25-2008 | 12:15 PM
#2
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From: Arlington, Virginia
Originally Posted by boofer,Aug 25 2008, 04:06 PM
arlington county valued mine at around $22k...and it's a MY07! do they use trade-in value for it?
btw, it was still like $700 in taxes, and it's a yearly tax. awful. MD and DC don't have personal property tax, do they? i need to move.
btw, it was still like $700 in taxes, and it's a yearly tax. awful. MD and DC don't have personal property tax, do they? i need to move.
How are vehicles assessed?
The Statutes which govern personal property assessments for automobiles require that the value be (1) from a recognized pricing guide, (2) applied uniformly, and (3) as of January 1 of the tax year. To meet these requirements, Fairfax County, along with most other Virginia jurisdictions, uses the January edition of the National Automobile Dealers Association (NADA) Official Used Car Guide.
Under the Code of Virginia, the valuation of automobiles using individual sales, purchase prices or trade-in offers as a basis for assessment is not permitted. Recognition of differences between vehicles is limited to conditional factors which can be readily identified and the extent of any loss of value clearly documented. Body damage, rusting, and mileage are conditional factors for which adjustments in value are most frequently made.
The Statutes which govern personal property assessments for automobiles require that the value be (1) from a recognized pricing guide, (2) applied uniformly, and (3) as of January 1 of the tax year. To meet these requirements, Fairfax County, along with most other Virginia jurisdictions, uses the January edition of the National Automobile Dealers Association (NADA) Official Used Car Guide.
Under the Code of Virginia, the valuation of automobiles using individual sales, purchase prices or trade-in offers as a basis for assessment is not permitted. Recognition of differences between vehicles is limited to conditional factors which can be readily identified and the extent of any loss of value clearly documented. Body damage, rusting, and mileage are conditional factors for which adjustments in value are most frequently made.
and no, MD or DC do not have PPT.
08-25-2008 | 04:36 PM
#4
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From: Fredericksburg
I thought my Highlander was too high so I called Arlington Tax and here is the scoop. Vehicles are valued on January 1st and they use NADA. The Jan 1st date is the key. My Highlander, for example, using Edmonds last week, was about $2,000 less than what Arlington said, but remember that the valuation was 8 months ago before SUV values started crashing.
My S2000 on the other hand seemed to be valued by Arlington Tax at less than what Edmonds said last week. It is probably the fact that convertibles are worth less in the dead of winter than in the summer.
My S2000 on the other hand seemed to be valued by Arlington Tax at less than what Edmonds said last week. It is probably the fact that convertibles are worth less in the dead of winter than in the summer.
