Section 9 Tangible Personal Property Tax, 2011

Transcription

1 Section 9 Tangible Personal Property Tax, 2011 The personal property tax is the second most important source of tax revenue for cities and counties, though it is not as important for towns. In fiscal year 2010, the most recent year available from the Auditor of Public Accounts, the personal property tax accounted for 8.8 percent of tax revenue for cities, 11.2 percent for counties, and 4.4 percent for large towns. These are averages; the relative importance of taxes in individual cities, counties and towns may vary significantly. For information on individual localities, see Appendix C. Cities, counties and towns may levy a tax on the tangible personal property of businesses and individuals pursuant to the Code of Virginia, through Included in this category are such items as motor vehicles, business furniture and fixtures, farming equipment, trailers, boats, recreational vehicles, and campers. Localities may elect to prorate the taxes on motor vehicles, trailers and boats which have acquired a situs within a locality after the tax day for the balance of the tax year. The proration must be on a monthly basis with a period of more than a half a month counted as a full month and a period of less than half a month not counted ( ). Under , localities may elect to exempt household goods and personal effects from taxation; under , they may also exempt certain farm animals, products and machinery. In addition, according to , the following categories are segregated as separate classes of tangible personal property under the condition that the tax rate on these items may not exceed that levied on other classifications of tangible personal property: boats or watercraft weighing five tons or more; certain aircraft; antique automobiles; certain heavy construction machinery; certain computer hardware; privately owned pleasure boats and watercraft used for recreational purposes only; motor vehicles specially equipped to provide transportation for physically handicapped individuals; privately owned vans with a seating capacity for twelve or more used exclusively for a ride-sharing arrangement; motor vehicles owned by a nonprofit organization and used to deliver meals to home bound persons or to provide transportation for senior or handicapped citizens; privately owned camping trailers and motor homes, as defined in , which are used for recreational purposes only; and motor vehicles owned by members or auxiliary members of a volunteer rescue squad or volunteer fire department. Section provides for the segregation of motor vehicles owned or leased by a motor carrier into a separate classification of personal property. Furthermore, the Code of Virginia provides that all vehicles without motor power that are used or designed to be used as mobile homes are segregated as separate classes of tangible personal property. This is conditional upon the assessment ratio and the tax being the same as those applicable to real property [ , Subsection A.8., and , Clause (iii), Subsection B]. In addition, tangible personal property used in research and development of businesses and certain energy conversion equipment used in manufacturing are segregated as separate classes of tangible personal property. This is conditional upon the assessment ratio and the tax not exceeding that applicable to machinery and tools [ Clause (ii), Subsection B]. For more on the machinery and tools tax, see Section 10. Taxpayers are allowed to question the appropriateness of and to appeal any specific personal property tax. In the last year, residents began the appeals process in 70 localities. Seven localities (Culpeper County, the cities of Chesapeake, Fairfax, Norfolk, Portsmouth, Staunton and Suffolk) reported further appeals by residents were taken to the state level, and two localities (Tazewell County and the city of Staunton) reported filings at the judicial level. In addition to the property discussed in this section, the Code lists several special categories of property which are exempt from real and personal property taxes (see through ). These categories are discussed in Section 6 under the heading, Miscellaneous Property Exemptions, and are listed in Table 6.2. INFORMATION ON PERSONAL PROPERTY TAX Table 9.1 provides information related to the personal property tax, including the number of personal property accounts within a locality, the nominal personal property tax rate, whether localities have special levies, property tax due dates, the effective date of assessment, options for payment of the personal property tax, and categories of vehicles for which proration is offered. In the survey, one city (Chesapeake) and one county (Accomack) reported some kind of special district levy. Regarding collections, 26 cities, 69 counties, and 112 towns collect the tax once a year, while 13 cities, 26 counties, and 9 towns collect it at least semi-annually. The most common due dates for payment of the tax are June 5 and December 5. Also, localities predominantly indicate January 1 as the effective date of assessment. Of the localities that report imposing a personal property tax, 18 cities, Tangible Personal Property Tax 93

2 44 counties, and 16 towns offer options for the payment of the tax. The most common payment alternative provided by local governments is the option for taxpayers to prepay their balance at any time during the calendar year before the due date. The due date terms apply to all types of vehicles for all but 6 localities that answered the question. Finally, 24 cities, 31 counties and 16 towns offer proration of the personal property tax on specific or all categories of motor vehicles. Though the term motor vehicle applies to all automotive vehicles with rubber tires for use on roadways, many localities use different definitions. For more detailed definitions of the categories for which proration is offered, please use the listings in Appendix B to contact individual localities. Table 9.2 contains information on personal property tax exemptions for the elderly and disabled. The survey indicated that 12 cities, 39 counties and 6 towns permitted some sort of exemption for the elderly or the disabled constrained by specific income and net worth limits. MOTOR VEHICLE TAX Historically, the most important tangible personal property category has been motor vehicles. This tax is often called the car tax even though it covers sport utility vehicles (SUVs), pickup and panel trucks, large trucks, minivans, and motorcycles as well. In the survey, localities were asked to provide the percentage of personal property taxes coming from motor vehicles in fiscal year The unweighted average percentages for cities, counties and towns were 70 percent, 69 percent, and 73 percent, respectively. It is possible that some localities misunderstood the question about this topic and incorrectly counted state PPTRA reimbursements as part of a local tax instead of as non-categorical state aid. The Personal Property Tax Relief Act of 1998 ( ) established a system by which the state would reimburse localities for relief on the tangible personal property tax. Passenger cars, pickup or panel trucks, and motorcycles owned or leased by natural persons and used for non-business purposes were to have the tax eliminated on the first $20,000 of value over a five year period. Twelve and one-half percent of the tax was to be eliminated in tax year 1998, 27.5 percent in 1999, 47.5 percent in 2000 and 70 percent in One hundred percent was slated to be eliminated in 2002 and thereafter, but this final step was not implemented as part of the solution to Virginia s budget crisis in Instead, a special session of the General Assembly determined that the state would freeze what it was giving to localities at $950 million annually. Beginning tax year 2006, each locality s percentage share from the state distribution is based upon its actual share of the state reimbursements from tax year Each locality receiving a state reimbursement must reduce its rate on the first $20,000 value so that the sum of local tax revenue and state reimbursement to the locality approximates what the locality would have received based on the valuation method and the tax rate before the car tax rebate became law. Vehicle assessed values are based on published market guides. For valuation of automobiles, all localities use the National Automobile Dealers Association s Offi cial Used Car Guide (NADA) as their primary valuation guide for cars and sport utility vehicles. When a vehicle is not listed in the primary guide, the locality obtains values from some other source. All cities and counties in Virginia levy this tax on motor vehicles. Any comparison of personal property tax rates across localities is misleading if differences in the source of assessment value are not considered. Thus, the effective tax rates must be standardized by the assessment valuation method employed by a locality. To do this, an adjusted effective tax rate was calculated for each locality based on the NADA retail value of a 2010 Toyota Camry LE fourdoor sedan with a four-cylinder engine. In recent years, the Camry has been the best selling car in the U.S. The base data, summarized in the text table below, were obtained from NADA s Offi cial Used Car Guide. NADA Value, 2010 Toyota Camry, January 2011 Concept NADA Value ($) % of NADA Retail Value Retail value (RV) 18, Trade-in value (TV) 15, Loan value (LV) 13, Source: National Automobile Dealers Association, Offi cial Used Car Guide (January 2011). The adjusted effective tax rate is found by multiplying the nominal tax rate by the percent of retail value and the assessment ratio. For those localities using the retail value and assessing at 100 percent, the nominal and effective tax rates are the same. The text table below summarizes the dispersion of the effective tax rates among localities. Adjusted Effective Tax Rates Among Localities, 2011 Adjusted Number of Localities Effective Rate/$100 Cities Counties Towns $0.00 to $ $1.51 to $ $3.01 to $ Total Median $3.06 $2.63 $0.53 1st Quartile $2.50 $1.75 $0.33 3rd Quartile $3.36 $3.10 $0.82 In regard to individual localities, the adjusted effective rate for cities ranged from $1.22 (Galax) to $4.02 (Falls Church). The adjusted effective rate for counties ranged from $0.29 (Bath) to $6.26 (Spotsylvania) and, in towns, ranged from $0.01 (Eastville) to $2.81 (Colonial Beach). The much lower town rates reflect their limited fiscal responsibilities as subordinate units of government within counties. 94 Tax Rates 2011

3 Besides the adjusted effective tax rate, Table 9.3 also provides data on the number of automobiles and light trucks within a locality, percentage of personal property tax receipts from automobiles, assessment value concept, the nominal tax rate, the percent of retail value, and the assessment ratio. Among the cities that answered the question, the number of vehicles ranged from 230,200 (Chesapeake) to 3,270 (Norton). Among counties, the number ranged from 700,363 (Fairfax) to 3,038 (Highland). The assessment value is important because it provides an estimate of the percent of retail value the locality will assign to the vehicle when determining the effective tax rate. The assessment value used varies among localities. Care must be taken when evaluating the data based on the three valuation methods listed because a valuation method may have subcategories. The latest NADA book, for instance, lists three types of trade-in value based on condition: rough, average, and clean. Other companies may use some variant of this breakdown for the retail and loan value categories. This year and in past years, our example listed the percentages based on clean retail, clean loan value, and clean trade-in. The following text table shows the frequency of each valuation method among localities. Since many towns use the same concept as their respective counties, a tally is not shown for them. Localities incorporate an assessment ratio in the Frequency of Valuation Methods, 2011 Valuation Number of Localities method Cities Counties Total Loan value Trade-in value Retail value Total valuation process. Most cities and counties use a 100 percent ratio of whatever value concept they adopt. The following text table summarizes the dispersion of assessment ratios. Information on nominal tax rates of towns that did not Dispersion of Assessment Ratios, 2011 Number of Localities Ratio Cities Counties Total 20% to 65% % to 99% % Total respond to the survey can be found in the Virginia Department of Taxation s publication, Local Tax Rates: Tax Year The rates in the Virginia Department of Taxation s publication are for the 2009 tax year, the most recent information available for towns that did not respond to the Cooper Center survey. 1 v3.pdf (12/28/2011) Tangible Personal Property Tax Table 9.4 continues with data related to the PPTRA for motor vehicles for tax years 2010 and The second column lists whether the locality offers exemptions for automobiles valued at less than one thousand dollars. Thirty cities, 62 counties and 53 towns reported offering an exemption of some sort to low-value autos. The third column refers to methods for applying PPTRA tax relief. A locality can use one of three methods: a reduced rate method (RR), a specific relief method that provides the same percentage of relief for all qualifying vehicles (SRSP), and a specific relief method that provides a declining percentage of relief as the vehicle s value rises (SRDP). The text table below summarizes the choices by all cities and counties and by the 81 towns that answered the question. Localities overwhelmingly use the specific relief method that provides the same percentage of relief for all Frequency of PPTRA Methods of Relief, 2011 Number of Localities Valuation Method Cities Counties Towns Reduced Rate (RR) Specific Relief Same % (SRSP) Specific Relief Declining % (SRDP) No reply Total qualifying vehicles. We assume the reporting towns use the same method as is used by the county in which they are located. The final set of columns provides data on the taxpayer liability for a vehicle assessed at $20,000. What constitutes a $20,000 vehicle in one locality may not match what constitutes a $20,000 vehicle in another locality because of the differing valuation methods and assessment ratios used by the localities. Tax year 2011 is featured in the text table. The columns in Table 9.4 provide the locality s total car tax, the amount of the state credit, and the resulting taxpayer liability for 2010 and In some cases we were not given the tax on a vehicle, but were provided the percentage share covered by the tax, the credit, and the taxpayer liability. In such cases only the percentage is listed. The text table below summarizes the percentage of state aid reported by cities and counties. A lower percentage implies a higher resulting taxpayer liability relative to the total tax levied by a locality. Most State Credit as Percentage of Total Tax for a $20,000 Vehicle, 2011 Number of Localities Percent Reported Cities Counties Total % % % % % Over 70.0% No answer Total Median 60.0% 50.9% 55.0% 1st Quartile 55.1% 44.8% 46.6% 3rd Quartile 63.0% 60.0% 62.0% 95

4 cities received a state credit between 60 percent and 70 percent of their total tax levied. The median state credit among cities in 2011 was 60 percent of the total tax, while the first quartile was 55.1 percent and the third quartile was 63 percent. Among counties the largest group reported the credit as a percentage of the total tax as between 20 percent and 54.9 percent. The median percentage of the taxpayer credit was 50.9 percent, with the first and third quartiles being 44.8 percent and 60 percent, respectively. While the state credit for many localities diminishes each year, it is possible to have a greater state credit percentage for a current survey than for a previous one. Because the state payout to each locality is fixed, it is generally assumed that as time passes the funding will decrease for each automobile. That expectation, however, does not account for either a possible disinflationary trend in the automobile market during a recession or a possible fall in the number of motor vehicles in the locality. In either of these cases a locality may be able to increase its payout percentage for each automobile within the locality. The next text table summarizes the range of actual taxes for cities and counties based on the information from It summarizes the total tax, state credit and resulting taxpayer liability for those localities that provided dollar amounts. It does not include localities that did not answer or provided only percentage estimates. As shown in the text table, 26 cities reported levying a tax between $501 and $1,000 before the PPTRA credit was Total Tax, State Credit and Tax Liability for a $20,000 Vehicle in Cities and Counties, 2011 Number of Localities Cities Counties Amount Tax Credit Liability Tax Credit Liability $0-$ $251-$ $501-$ $751-$1, $1,001-1, No Answer Total Median $788 $456 $333 $700 $327 $318 1st quartile $683 $401 $243 $513 $233 $224 3rd quartile $877 $522 $377 $808 $469 $407 factored in, while 2 reported levying taxes of $1,001 or more and six reported levying taxes of $500 or less. The median tax levied for all cities was $788. Most PPTRA credits, 16 of the 34 reported, were between $251 and $500. The median credit was $456. Most of the resulting taxpayer liabilities in cities were also between $251 and $500, with the median at $333. Among counties, original tax liabilities varied fairly evenly up the scale from $251 to $1,000. The median of the tax was $700. Most counties gave credits in the $251 to $500 range, though a good portion of the amount (about one-third) also fell in the $0 to $250 range. The median credit among counties was $327. Finally, the actual liabilities within counties was similar in range. Forty-three counties charged between $251 and $500 after the PPTRA credit was figured in. The median liability within counties was $318. Table 9.5 lists localities that report giving a reduction in the personal property tax for high-mileage vehicles. This is permitted by , which states that the commissioner of the revenue, using an automobile pricing guide, may use all applicable adjustments in such guide to determine the value of each individual automobile. Many guides allow for downward adjustments in value for highmileage vehicles. Thirty cities, 68 counties, and 19 towns reported reduced valuations for high-mileage vehicles. Certain localities that reported giving such reductions also told us they couldn t really ascertain the number of beneficiaries or foregone revenue because the software they used to determine valuation didn t break down adjustments for them. Therefore, for some localities, though they responded that they had the reduction, they could not provide information about beneficiaries or foregone revenue. Based on localities that did respond, there were a total of 6,151 beneficiaries of the high-mileage adjustment in cities, with the amount of revenue foregone totaling $274,197 for a $44.58 average reduction per beneficiary. In counties, the number of beneficiaries of the adjustment reported was 60,397. The amount of foregone revenue reported was $1,357,911. The average reduction per beneficiary was $ Table 9.6 compares the nominal tax rates and assessment components of the automobile tax between 1997, the year before the PPTRA went into effect, and The table provides information on localities that have raised their personal property taxes on motor vehicles since the beginning of the PPTRA. When the PPTRA became law, some saw it as the beginning of the end of the car tax. However, as reimbursements rose and the states fiscal condition worsened, the commonwealth decided to limit the rollback. As previously noted, now each locality is annually given a lump sum by the state that is applied to each resident s total property tax. The state reimbursements are based on 1997 effective rates as provided by the PPTRA. Any increase in the effective rate consequent to the 1997 rate is not covered by the PPTRA reimbursement from the state. 1 Making certain assumptions about the assessment value concept (which will be discussed below), it appears that 22 cities and 62 counties have increased their effective rates since The assumption made here is that the value assessment concepts follow a clear path of valuation. In NADA guide books, for instance, the lowest valuation is applied to loan value, a higher valuation is applied to trade-in value, and the highest valuation is applied to retail value. This is the hierarchy one would expect to see comparing average measures of loan, trade-in, and retail value, or clean measures of loan, trade-in, and retail value. A problem arises, however, with those valuations that maintain subcategories. NADA s multiple trade-in values, 1 For a review of the PPTRA and its impact on the state since it was instituted, refer to What Will Become of the Car Tax? by John L. Knapp in Virginia Issues and Answers. (Winter 2006), Vol. 13, No. 1, pp html. 96 Tax Rates 2011

5 based on condition of vehicles, as discussed earlier, have not been tracked as separate categories. Therefore, we can t be sure whether certain localities have changed subcategories. Consequently, historical adjustments within this valuation cannot be determined from the table. Table 9.7 gives the pricing guide, the value used, the nominal tax rate, and the depreciation schedule, if any, for large trucks, two tons and over. Answers were provided by all cities and counties and 94 of the responding towns. OTHER PERSONAL PROPERTY TAXES As previously noted, tangible personal property taxes are not limited to motor vehicles. There are 19 categories in addition to motor vehicles, ranging from farm equipment to recreational vehicles and mobile homes (the general categories can be found from through ). Household goods is one legal category, but no locality reports taxing them. Localities exhibit a wide variation in their choices of valuation methods, pricing guides and depreciation methods. Consequently, great care must be exercised when comparing taxes in different jurisdictions. Unless otherwise stated, the valuation method for the depreciation schedules is original cost. A further problem pertains to towns. Certain towns listed a tax rate, but in the basis field they showed not applicable or nothing. In a follow-up for a previous survey, we called several towns in an attempt to elicit information about the basis. In all cases a town representative confirmed the rates existed, but told us the county determined the actual depreciation schedule. The county representative confirmed that the county determined the town s depreciation schedule but added that since the county did not tax that item, there was no schedule. Therefore the town could not collect any taxes for that item. Based on these conversations, we have decided to use the basis column instead of the rate column to count instances of the tax. Table 9.8 displays tangible personal property taxes on heavy tools and machinery, computers and generating equipment for business use for cities, counties and 58 reporting towns. The text table below summarizes how many localities impose each tax in Table 9.8. Taxes on Heavy Tools and Machinery, Computer Hardware, and Generating Equipment, 2011 Number of Localities Imposing Tax Item Cities Counties Towns Heavy tools and machinery Computer hardware Generating equipment Table 9.9 displays tax rates on research and development, business furniture and fixtures, and biotechnology equipment for cities, counties and 56 respondent towns. The text table below shows how many localities report having each of taxes listed in Table 9.9. Taxes on Research and Development, Furniture and Fixtures, and Biotechnology, 2011 Number of Localities Imposing Tax Item Cities Counties Towns Research and development Furniture and fi xtures Biotechnology equipment Table 9.10 displays tax rates on farm equipment and livestock for cities, counties and 13 respondent towns. The text table below shows how many localities report having each of the taxes listed in Table Taxes on Livestock and Farm Equipment, 2011 Number of Localities Imposing Tax Item Cities Counties Towns Livestock Farm equipment Table 9.11 displays tax rates on boats and aircraft for cities, counties and 65 respondent towns. The text table below shows how many localities report having each of the taxes listed in Table Taxes on Boats Over Five Tons, Pleasure Boats, and Aircraft, 2011 Number of Localities Imposing Tax Item Cities Counties Towns Boats over fi ve tons Pleasure boats Aircraft Table 9.12 displays tax rates on antique motor vehicles, recreational vehicles, and mobile homes for cities, counties and 95 respondent towns. The text table below shows how many localities have each of the taxes listed in Table Taxes on Antique Motor Vehicles, Recreational Vehicles, and Mobile Homes, 2011 Number of Localities Imposing Tax Item Cities Counties Towns Antique motor vehicles Recreational vehicles Mobile homes Table 9.13 displays tax rates on horse trailers and motor vehicles powered solely by an electric motor for cities, counties and 25 respondent towns. The text table below shows how many localities have each of the taxes listed in Table Taxes on Horse Trailers, Special Fuel Vehicles, and Electric Vehicles, 2011 Number of Localities Imposing Tax Item Cities Counties Towns Horse trailers Special fuel vehicles Electric vehicles Tangible Personal Property Tax 97

6 Table 9.1 Tangible Personal Property Tax General Information, 2011 Option for Due Date Categories of Property Property Effective Payment of and Property for Number of Accounts Tax Tax Due Date of Property Option Which Proration Business Locality Rate/$100 Date(s) Assessment Tax Terms Offered* All Only Cities (Note: All cities responded to the survey.) Alexandria /5 1/1 Yes All All but MH 118,512 7,468 Bedford /5 1/1 No All None 4, Bristol /5 1/1 Yes All None Buena Vista /5; 12/5 1/1 No All None 3, Charlottesville /5; 12/5 1/1 Yes All All but B, MH 40,413 11,524 Chesapeake 4.00 a 6/5 1/1 Yes All All but B, MH 270,000 20,000 Colonial Heights /5; 12/5 1/1 Yes All None 17, Covington 5.6 6/5; 12/5 1/1 Yes All None 3, Danville /5; 12/5 1/1 Yes All All but MH 48,062 3,081 Emporia /1 1/1 Yes All All but B, C, Tr 3, Fairfax /5 1/1 No All BMV/MC/MV/RV/T 32,962 9,426 Falls Church /1; 10/5 1/1 Yes All All but MH Franklin /5 1/1 No All Al but MH 9, Fredericksburg /15; 11/15 1/1 Yes b All All but C, MH 18,662 2,624 Galax /5 1/1 Yes c All None Hampton /5; 12/5 1/1 Yes All All 112,240 9,903 Harrisonburg /5 1/1 No All None 19,382 3,207 Hopewell /15 1/1 No All Alll but MH 26, Lexington /5; 12/5 1/1 No All All but B, MH 4, Lynchburg /5; 12/5 1/1 Yes All All but MH Manassas /5 1/1 No All None 32,367 2,422 Manassas Park /5 1/1 Yes All None 9,501 1,077 Martinsville /5 1/1 No All None 7, Newport News /5; 12/5 1/1 No All All 285,957 17,029 Norfolk /5 1/1 No All All but B, MH Norton /15 1/1 No All None 2, Petersburg /10 1/1 No All All but MH 28,452 3,308 Poquoson /5; 12/5 1/1 No All All 17, Portsmouth /5 1/1 No All All 101,672 8,007 Radford /5 1/1 No All None Richmond /1 1/1 No All BMV/MC/MV/T 176,935 12,111 Roanoke /31 1/1 Yes All All but B, MH 134,661 20,340 Salem /31 1/1 Yes All All but B, MH 36,215 4,911 Staunton /5 1/1 No All None 17,901 1,601 Suffolk /5 1/1 No All All but B 119,889 4,608 Virginia Beach /5; 12/5 1/1 Yes All All but B, MH 477,738 24,278 Waynesboro /5 1/1 No All None 13,640 1,080 Williamsburg /1 1/1 No All None 4, Winchester 4.50 Annual d Annual d Yes All All but B, MH 28,075 4,915 Counties (Note: All counties responded to the survey.) Accomack 3.48 e 6/5; 12/5 1/1 No All BMV/MC/MV/Tr/T 3,512 1,157 Albemarle /5; 12/5; 1/1 No All All but MH /5 Alleghany /5 1/1 No All None 10, Amelia /5 1/1 No All None Amherst /5 1/1 No All None 43,439 1, No reply. Refers to whether due date and options listed apply to all tangible personal property categories or only to motor vehicles. * See bottom of last page of Table 9.1 for a key to abbreviations for categories of property and the Personal Property Tax Relief Act method. Payment due by due date, but treasurer will accept prepayments throughout the calendar year of assessment. a Chesapeake City adds a city-wide special tax of $0.08 for mosquito control onto a base tax of $4.00. b In the city of Fredericksburg one may authorize one s bank to automatically send payments to the treasurer s offi ce. c In the city of Galax payment options can be arranged with the director of fi nance. d For the city of Winchester, the date of assessment begins on the day of purchase and the tax due date is established on each annual anniversary of the purchase date. e Accomack County adds special district taxes in each of its districts: Atlantic: $0.17, Metompkin: $0.14, Lee $0.14, and Pungoteague: $ Tax Rates 2011

7 Table 9.1 Tangible Personal Property Tax General Information, 2011 (continued) Option for Due Date Categories of Property Property Effective Payment of and Property for Number of Accounts Tax Tax Due Date of Property Option Which Proration Business Locality Rate/$100 Date(s) Assessment Tax Terms Offered* All Only Counties (continued) Appomattox /5 1/1 No All MH 10, Arlington /5 - BMV f 1/1 No MV All but MH 242,793 13,916 10/5 - MV Augusta /5 1/1 Yes All None 53,225 1,870 Bath /1;12/5 1/1 No All None 5, Bedford /5 1/1 No All All but B, MH Bland /5 1/1 No All None Botetourt /5 1/1 No All All but B, MH 61,124 1,655 Brunswick /5 1/1 No All None 11, Buchanan /5 5/1 No All None Buckingham /5 1/1 No All None Campbell /5 1/1 Yes All None 49, Caroline /5; 12/5 1/1 Yes g All None 22,517 2,482 Carroll /5 1/1 Yes All None 24,127 1,560 Charles City /5 1/1 No All None 11, Charlotte /5; 12/5 1/1 Yes All None Chesterfield /5 1/1 Yes h All BMV/MC/MV/RV/T 403,227 42,666 Clarke /5; 12/5 1/1 Yes All All but C, MH Craig /5 1/1 Yes All None Culpeper /5 1/1 No All None 37,891 3,381 Cumberland /15 1/1 Yes All None 7, Dickenson /5 1/1 Yes All None 13, Dinwiddie /5; 12/5 1/1 No All All but C, MH, RV 24,984 1,566 Essex /5 1/1 Yes All None 10, Fairfax /5; 2/15 1/1 Yes All BMV/MC/MV/RV/T 973,341 82,085 Fauquier /5 1/1 No All All but B, MH 53,397 4,184 Floyd /5 1/1 Yes All None 10,109 1,101 Fluvanna /5; 12/5 1/1 No All None 26, Franklin /5 1/1 No All None 35,400 3,631 Frederick /5; 12/5 1/1 Yes All All 119,976 5,593 Giles /5 1/1 Yes All None Gloucester /30; 12/5 1/1 No All None Goochland /5 1/1 No All C/MC/MV/RV/Tr/T Grayson /5 1/1 Yes i All None 9, Greene /5; 12/5 1/1 Yes All None Greensville /5 1/1 Yes All None 13, Halifax /5 1/1 Yes All None 47,184 2,039 Hanover /5 1/1 Yes All All but B, MH 134,082 5,500 Henrico /5; 12/5 1/1 Yes All MV 353,015 14,435 Henry ;5 1/1 No All None 34,894 1,856 Highland /5 1/1 No All None 2, Isle of Wight /5 1/1 Yes All All James City /5; 12/5 1/1 No All All but MH King & Queen /5 1/1 Yes All None 6,850 1,054 King George /5; 12/5 1/1 No All None 17, King William /5 1/1 No All None No reply. Refers to whether due date and options listed apply to all tangible personal property categories or only to motor vehicles. * See bottom of last page of Table 9.1 for a key to abbreviations for categories of property and the Personal Property Tax Relief Act method. Payment due by due date, but treasurer will accept prepayments throughout the calendar year of assessment. f According to Arlington County, all taxable vehicle proeprty for which returns are filed after July 15 of the tax year are assessed within 30 days of receipt of the filed return. Due dates for those vehicles adquired after July 15 are set to fall on or about the 5th of each month following the October due date for property acquired before July 15. Due dates follow monthly through the end of the fiscal year. g In Caroline County the taxpayer may pay in full on June 5. h In Chesterfi eld County the taxpayer may prepay with a bank draft. i In Grayson County the treasurer will set up payment plans when requested by taxpayer. Tangible Personal Property Tax 99

8 Table 9.1 Tangible Personal Property Tax General Information, 2011 (continued) Option for Due Date Categories of Property Property Effective Payment of and Property for Number of Accounts Tax Tax Due Date of Property Option Which Proration Business Locality Rate/$100 Date(s) Assessment Tax Terms Offered* All Only Counties (continued) Lancaster /5 1/1 Yes All None 25, Lee /5 1/1 No All None Loudoun /5; 6/5; 1/1 Yes MV All but MH 303, /5; 12/5 Louisa /5 1/1 No All None Lunenburg /5 1/1 No All None 8, Madison /5 1/1 No All None Mathews /5 1/1 No All C/MC/MV/Tr Mecklenburg /5; 12/5 1/1 No All None Middlesex /31 1/1 Yes All None 15,413 1,939 Montgomery /5 1/1 Yes All None 73,863 6,121 Nelson /5; 12/5 1/1 Yes All All but B 27, New Kent /5 1/1 Yes All MH 14, Northampton /5 1/1 No All All but B Northumberland /5 1/1 No All None 13, Nottoway /5 12/5 No All None 9, Orange /5 1/1 Yes All None 24,392 1,202 Page /5; 12/5 1/1 Yes All BMV/MH/MC/MV/T 24,371 1,666 Patrick /5 1/1 No All None 11, Pittsylvania /5; 12/5 1/1 No All None 44,902 2,340 Powhatan /5 1/1 No All None 19,376 1,590 Prince Edward /5 1/1 No All None 22, Prince George /5 1/1 No All None Prince William /5; 11/5; 1/1 No All All but B /5; 1/5; 2/5; 3/5; 4/5; 5/5; 6/5 Pulaski /15 1/1 No All None 68, Rappahannock /5 1/1 Yes All None Richmond /5 1/1 No All None 4, Roanoke /31 1/1 Yes All BMV/MC/MV/Tr/T 70,339 4,791 Rockbridge /5 1/1 No All All 15,791 1,240 Rockingham /5 1/1 No All None 57,394 4,812 Russell /11 1/1 No All None Scott /20 1/1 No All None Shenandoah /5; 12/5 1/1 Yes All None 32,141 4,006 Smyth /5 1/1 Yes All None 37,621 1,042 Southampton /5 1/1 Yes All All 13, Spotsylvania /5; 12/5 1/1 No All All but MH Stafford /5; 12/5 1/1 Yes All All 84,544 5,034 Surry /5 1/1 Yes All None 6, Sussex /5 1/1 Yes All None 6, Tazewell /5 1/1 No All None 63,744 2,340 Warren /5; 12/5 1/1 Yes All All 42,668 3,392 Washington /20 1/1 Yes All None 41,985 2,023 Westmoreland /5 1/1 Yes All None 15,247 3,574 Wise /15 1/1 Yes j All None Wythe /5 1/1 No All None 20,990 1,945 York /5; 12/5 1/1 Yes k All BMV/MC/MV/RV/T No reply. Refers to whether due date and options listed apply to all tangible personal property categories or only to motor vehicles. * See bottom of last page of Table 9.1 for a key to abbreviations for categories of property and the Personal Property Tax Relief Act method. Payment due by due date, but treasurer will accept prepayments throughout the calendar year of assessment. j In Wise County a direct payment option exists where one can transfer from one s bank account to treasurer s bank account. k In York County payment options can be modifi ed by the treasurer if taxpayer makes a written request. 100 Tax Rates 2011

9 Table 9.1 Tangible Personal Property Tax General Information, 2011 (continued) Option for Due Date Categories of Property Property Effective Payment of and Property for Number of Accounts Tax Tax Due Date of Property Option Which Proration Business Locality Rate/$100 Date(s) Assessment Tax Terms Offered* All Only Towns (Note: Towns that answered not applicable for all items in this table are excluded. For a list of town respondents and non-respondents, see Appendix B.) Abingdon /20 1/1 No All None 5,809 1,151 Accomac /5 1/1 No All All Alberta /5 5/1 No All None Altavista /5 1/1 Yes All None Amherst /5 1/1 No All None 1, Appalachia /5 1/1 No All None Appomattox /30 1/1 No All None Ashland /15 1/1 No l All None Berryville /5 1/1 No All All but BMV Big Stone Gap /5 1/1 No All None Blackstone /15 1/1 No All None Bluefi eld /5 1/1 No All None Boones Mill /28 1/1 No All None Bowling Green /5 1/1 No All None Boydton /1 1/1 No All None Boykins /5 1/1 No All None Bridgewater /5 1/1 No All None 2, Broadway /5 1/1 No All None Brodnax /5 1/1 No All All but B, MH Brookneal /5 1/1 No All None Buchanan /5 1/1 No All None Burkeville /5 1/1 No All None Cape Charles /5 1/1 No All All but BMV, MH Capron /5 1/1 No All None Cedar Bluff /5 1/1 No All None Charlotte CH /5 1/1 No All None Chase City /31 1/1 Yes All None Chilhowie /5 1/1 No All None Chincoteague /5 1/1 No All BMV/MC/MV/Tr Christiansburg /5 1/1 No All None Clarksville /1 1/1 Yes All None Cleveland /1 1/1 No All None Clifton Forge /5 1/1 No All None Clintwood /5 1/1 No All None 1, Coeburn /4 1/1 No All None Colonial Beach /5 1/1 No All None Courtland /1 1/1 No All All Crewe /5 1/1 No All None Culpeper /31 1/1 No All None 17,183 2,830 Damascus /15 1/1 No All None Dillwyn /5 1/1 No All None Drakes Branch /15 1/1 No MV None Dublin /5 1/1 Yes All None 1, Eastville /5 1/1 No All None Edinburg /5; 12/5 1/1 No All None Farmville m /15 1/1 No All None Floyd /5 1/5 No All None Front Royal /5; 12/5 1/1 No All All 10, Glade Spring /21 1/1 No All None Glen Lyn /5 1/1 No All None No reply. Refers to whether due date and options listed apply to all tangible personal property categories or only to motor vehicles. * See bottom of last page of Table 9.1 for a key to abbreviations for categories of property and the Personal Property Tax Relief Act method. Payment due by due date, but treasurer will accept prepayments throughout the calendar year of assessment. l In Ashland Town payments will be accepted only if a taxpayer requests the option. m The town of Farmville only levies the tax on business property. Tangible Personal Property Tax 101

10 Table 9.1 Tangible Personal Property Tax General Information, 2011 (continued) Option for Due Date Categories of Property Property Effective Payment of and Property for Number of Accounts Tax Tax Due Date of Property Option Which Proration Business Locality Rate/$100 Date(s) Assessment Tax Terms Offered* All Only Towns (continued) Gordonsville /5 1/1 Yes All None Gretna /5 1/1 No All None Halifax /5 9/6 No All None Hallwood /5 1/1 No All All but MH Hamilton /5 1/1 No All None Haymarket /1 1/1 No All None Haysi /5 1/1 No All None Hillsville /5 1/1 No All None Hurt /5 1/1 No All None Independence /5 1/1 No All None Iron Gate /5 1/1 No All None Ivor /1 1/1 No All None Jonesville /1 1/1 No All None Kenbridge /5 1/1 No All None Kilmarnock /5 1/1 No All None 1, La Crosse /1 1/1 No All None Lawrenceville /5 1/1 No All None Lebanon /12 1/1 No All None 3, Leesburg /5 1/1 No All All but MH Louisa /15 1/1 No All None Luray /5; 12/5 1/1 No All None 3, Marion /15 1/1 No All None McKenney /31 1/1 No All None Middleburg /5 1/1 No All None Middletown /5 1/1 No All None Mineral /15 1/1 No All None Monterey /5 1/1 No All None Mount Jackson /31 1/1 No All None Narrows /5 1/1 Yes All None 1, New Market /5; 12/5 1/1 No All None Onley /5 12/5 No All None Orange /5 1/1 No All None Pamplin /30 1/1 No All None Parksley /5 1/1 No All None Pearisburg /15 1/1 No All None 2, Pembroke /15 1/1 Yes All None Pennington Gap /31 1/1 No All None Pound /5 1/1 No All None Pulaski /1 1/1 No All None Purcellville /5 1/1 No All None 7,810 1,253 Remington /5 1/1 No All All Rich Creek /15 1/1 No All None Rocky Mount /28 1/1 No All None 2, Round Hill /5 1/1 No All All Rural Retreat /5 1/1 No All None Saint Paul /5 1/1 Yes All None Shenandoah /5; 12/5 1/1 Yes All None Smithfi eld /5 1/1 No All All South Boston /5 1/1 No All None South Hill /5 7/1 No All None No reply. Refers to whether due date and options listed apply to all tangible personal property categories or only to motor vehicles. * See bottom of last page of Table 9.1 for a key to abbreviations for categories of property and the Personal Property Tax Relief Act method. Payment due by due date, but treasurer will accept prepayments throughout the calendar year of assessment. 102 Tax Rates 2011

11 Table 9.1 Tangible Personal Property Tax General Information, 2011 (continued) Option for Due Date Categories of Property Property Effective Payment of and Property for Number of Accounts Tax Tax Due Date of Property Option Which Proration Business Locality Rate/$100 Date(s) Assessment Tax Terms Offered* All Only Towns (continued) Stanley /5; 12/5 1/1 No MV MV/T Stephens City /5; 12/5 1/1 No MV None Stony Creek /5 1/1 No All None Strasburg /5; 12/5 1/1 Yes All None 3, Tappahannock /5 1/1 No All None The Plains /15 1/1 No All None Timberville /28 1/1 No All None Urbanna /5 1/1 Yes All None Victoria /5 1/1 Yes All None Vinton /31 1/1 Yes All All 9, Virgilina /5 1/1 No MV None Wachapreague /5 1/1 No N/A n None Wakefi eld /5 1/1 No All None Warrenton /15 1/1 No All BMV/MC/MV/Tr/T 7, Warsaw /5 1/1 No All None Waverly /31 1/1 No All None West Point /5 1/1 Yes All None Windsor /5 1/1 Yes All All 3, Wise /5 1/1 No All None 2, Woodstock /5; 12/5 1/1 Yes All None 3, Wytheville /15 1/1 No All None No reply. Refers to whether due date and options listed apply to all tangible personal property categories or only to motor vehicles. Payment due by due date, but treasurer will accept prepayments throughout the calendar year of assessment. n Town of Wachapreague charges personal property tax only to mobile homes. No other property taxed. Key to abbreviations: B: Boats BMV: Business Motor Vehicles Tr: Trailers C: Campers MC: Motorcycles RV: Recreational Vehicles MH: Mobile Homes MV: Motor Vehicles T: Trucks Tangible Personal Property Tax 103

12 Table 9.2 Tangible Personal Property Tax Relief for Elderly and Disabled, 2011 Income Net Worth Locality Type of Relief or Exemption Limit ($) Limit ($) Cities (Note: All cities responded to the survey.) Alexandria Elderly: Tax rate of $0.01/$100 20,000 75,000 Disabled: Tax rate of $3.35/$100 on handicapped vehicles Bristol Elderly: Reduction of taxes based on formula 18,000 30,000 Disabled: Reduction of taxes based on formula Buena Vista Elderly: Mobile homes taxed as real property 25,000 65,000 Disabled: Mobile homes taxed as real property Falls Church Elderly: $25 decal for 1 vehicle; $25 tax credit for 1 vehicle 20, ,000 Disabled: $25 decal for 1 vehicle; $25 tax credit for 1 vehicle Hampton Elderly: N/A N/A N/A Disabled: Tax rate of $1.00/$100 on handicapped-equipped vehicles Harrisonburg Elderly: 100% relief on 1 vehicle 30,000 75,000 Disabled: 100% relief on 1 vehicle Manassas Elderly: Tax rate of $ /$100 a 74, ,000 Disabled: Tax rate of $ /$100 a Newport News Elderly: Mobile homes taxed as real property 50, ,000 Disabled: Tax rate of $1.00/$100 for handicapped vehicles and mobile homes Norfolk Elderly: N/A N/A N/A Disabled: Tax rate of $3.00/$100 for vehicles Norton Elderly: Maximum exemption of $100 on mobile homes 15,000 25,000 Disabled: Maximum exemption of $100 on mobile homes Virginia Beach Elderly: Tax rate of $3.00/$100 for 1 vehicle 29,500 70,000 Disabled: Tax rate of $3.00/$100 for 1 vehicle; Disabled veterans get tax rate of $1.50/$100 Williamsburg Elderly: N/A N/A N/A Disabled: Handicapped vehicles are exempt Counties (Note: All counties responded to the survey.) Amelia Elderly: Exemption for single-wide mobile home N/A N/A Disabled: Exemption for single-wide mobile home Amherst Elderly: Mobile homes same relief as real property 50, ,000 Disabled: Mobile homes same relief as real property Appomattox Elderly: Mobile homes get same relief as real property 20, ,000 Disabled: Mobile homes get same relief as real property Bedford Elderly: N/A N/A N/A Disabled: Vehicles modifi ed for handicapped are excluded Bland Elderly: Exemption for mobile home 25,000 75,000 Disabled: Exemption for mobile home Caroline Elderly: Mobile homes get same relief as real property 35,000 85,000 Disabled: Mobile homes get same relief as real property Chesterfi eld Elderly: Exemption for mobile home 52, ,000 Disabled: Exemption for mobile home Craig Elderly: Mobile homes get same relief as real property 30,000 90,000 Disabled: Mobile homes get same relief as real property Dinwiddie Elderly: Up to $300 based on income and net worth 35, ,000 Disabled: Up to $300 based on income and net worth Fairfax Elderly: Total exemption 22,000 75,000 Disabled: Total exemption Franklin Elderly: Mobile homes get same relief as real property 25,000 80,000 Disabled: Mobile homes get same relief as real property Frederick Elderly: Mobile homes get same relief as real property 50, ,000 Disabled: Mobile homes get same relief as real property Greensville Elderly: N/A 30,000 75,000 Disabled: Exempt up to $500 depending on formula Isle of Wight Elderly: N/A N/A N/A Disabled: Vehicles modifi ed for handicapped are excluded a The tax rate for Manassas City may be confi rmed by viewing Tax Rates 2011

13 Table 9.2 Tangible Personal Property Tax Relief for Elderly and Disabled, 2011 (continued) Income Net Worth Locality Type of Relief or Exemption Limit ($) Limit ($) Counties (continued) James City Elderly: N/A N/A N/A Disabled: Vehicles modifi ed for handicapped are excluded; Disabled veterans receive exemption King George Elderly: Mobile home exempt 25,000 60,000 Disabled: Mobile home exempt Loudoun Elderly: Tax rate of $2.10/$100 (50% rate reduction) 52, ,000 Disabled: Tax rate of $2.10/$100 (50% rate reduction) Mathews Elderly: N/A N/A N/A Disabled: 100% relief on 1 vehicle for disabled veterans Middlesex Elderly: Mobile homes; 1 vehicle 25,000 75,000 Disabled: Mobile homes; 1 vehicle Montgomery Elderly: Mobile homes get same relief as real estate 45, ,000 Disabled: Mobile homes get same relief as real estate New Kent Elderly: Mobile homes 50,000 75,000 Disabled: Applicable vehicles and mobile homes are exempt Nottoway Elderly: N/A N/A N/A Disabled: Vehicles modifi ed for handicapped are excluded Orange Elderly: Mobile homes get same relief as real estate 40, ,000 Disabled: Mobile homes get same relief as real estate Page Elderly: Mobile homes get same relief as real estate 21, ,000 Disabled: Mobile homes get same relief as real estate Pittsylvania Elderly: Mobile homes get same relief as real estate 18,000 60,000 Disabled: Mobile homes get same relief as real estate Powhatan Elderly: N/A N/A N/A Disabled: Veterans 100% disabled in service get $1.80/$100 Prince George Elderly: Mobile homes get same relief as real estate 45, ,000 Disabled: Mobile homes get same relief as real estate Prince William Elderly: Rate of $ /$100 on vehicles b 74, ,000 Disabled: Rate of $0.0001/$100 on handicapped vehicles b Roanoke Elderly: N/A N/A N/A Disabled: Subject to rate of $1.75/$100 Rockingham Elderly: Mobile homes get same relief as real estate 32,000 70,000 Disabled: Mobile homes get same relief as real estate Scott Elderly: Mobile homes get same relief as real estate 21,000 75,000 Disabled: Mobile homes get same relief as real estate Southampton Elderly: Mobile homes get relief according to formula 30,000 80,000 Disabled: Handicapped vehicles are exempt Spotsylvania Elderly: N/A N/A N/A Disabled: Disabled veterans exempt Surry Elderly: Mobile homes get same relief as real estate 30, ,000 Disabled: Mobile homes get same relief as real estate Tazewell Elderly: Relief on mobile home taxes up to $300 25,000 75,000 Disabled: 1 vehicle exempt for veteran disabled in service Warren Elderly: Mobile homes get same relief as real estate 30, ,000 Disabled: Mobile homes get same relief as real estate Washington Elderly: Property subject to income/worth limits 23, ,000 Disabled: 100% disabled subject to income/worth limits Wise Elderly: Mobile homes get same relief as real estate 42,000 85,000 Disabled: Mobile homes get same relief as real estate; 1 vehicle for disabled veterans York Elderly: Mobile homes exempt based on formula 50, ,000 Disabled: Mobile homes exempt based on formula b Rate confi rmed by Prince William. Tangible Personal Property Tax 105

14 Table 9.2 Tangible Personal Property Tax Relief for Elderly and Disabled, 2011 (continued) Income Net Worth Locality Type of Relief or Exemption Limit ($) Limit ($) Towns (Note: Towns that answered not applicable for all items in this table are excluded. For a list of town respondents and non-respondents, see Appendix B.) Christiansburg Elderly: Mobile homes get same relief as real estate 35,000 N/A Disabled: Mobile homes get same relief as real estate Clintwood Elderly: Mobile home relief 25,000 75,000 Disabled: Mobile home relief Haysi Elderly: N/A N/A N/A Disabled: Disabled veterans (service connected) exempt Leesburg Elderly: No taxes owed on one motor vehicle 52, ,000 Disabled: No taxes owed on one motor vehicle New Market Elderly: Mobile homes get same relief as real estate N/A N/A Disabled: Mobile homes get same relief as real estate Smithfi eld Elderly: N/A N/A N/A Disabled: Exemption of tax 106 Tax Rates 2011

15 Table 9.3 Tangible Personal Property Tax for Automobiles and Trucks of Less than Two Tons, 2011 Tax Assessment Relationship Adjusted Share of Tax Number of Rates/ Value to Retail Assessment Effective from Vehicles Motor Vehicles Locality $100 Concept*/Condition Value (%) Ratio (%) Rate/$100 # FY 2010 (%) Total Business Cities (All counties responded to the survey.) Alexandria $4.75 TV/... a $ ,783 7,468 Bedford $2.43 TV/Avg $ , Bristol $7.00 LV/ $ Buena Vista $5.85 TV/Clean $ , Charlottesville $4.20 TV/Clean $ ,473 3,619 Chesapeake $4.00 b LV/Clean $ ,000 45,000 Colonial Heights $3.50 LV/ $ , Covington $5.60 RV/Avg $ , Danville $3.00 TV/ $ Emporia $5.00 LV/Clean $ , Fairfax $4.13 TV/ $ ,536 2,207 Falls Church $4.84 TV/ $ Franklin $4.50 TV/Clean $ , Fredericksburg $3.40 RV/Clean $ ,324 2,068 Galax $1.62 LV/ $ Hampton $4.25 LV/ $ ,369 6,774 Harrisonburg $3.00 TV/Clean $ ,452 4,417 Hopewell $3.50 LV/Clean $ ,624 1,057 Lexington $4.25 TV/Clean $ , Lynchburg $3.80 TV/Clean $ ,165 2,575 Manassas $3.25 TV/Avg $ ,597 2,371 Manassas Park $3.50 TV/Avg $ Martinsville $2.30 LV/ $ , Newport News $4.25 LV/ $ ,746 6,979 Norfolk $4.33 LV/ $ ,000 12,800 Norton $1.85 TV/Clean $ , Petersburg $4.40 LV/Clean $ ,567 1,837 Poquoson $4.15 LV/Clean $ Portsmouth $5.00 LV/ $ ,672 8,848 Radford $2.44 TV/ $ , Richmond $3.70 TV/ $ , Roanoke $3.45 LV/Clean $ ,585 4,864 Salem $3.20 LV/ $ Staunton $2.40 RV/Clean $ ,645 1,724 Suffolk $4.25 LV/Clean $ Virginia Beach $3.70 LV/Clean $ Waynesboro $5.00 RV/Clean $ ,593 2,801 Williamsburg $3.50 LV/ $ , Winchester $4.50 TV/ $ ,160 2,119 City: nominal and adjusted effective tax rates per $100 Median $4.00 $3.06 First quartile $3.33 $2.50 Third quartile $4.45 $3.36 Maximum $7.00 $4.02 Minimum $1.62 $1.22 Counties (All counties responded to the survey.) Accomack $3.48 c LV/Clean $ Albemarle $4.28 TV/ $ ,785 5,854 Alleghany $5.95 LV/Clean $ ,713 1,256 Amelia $4.00 LV/ $ Amherst $3.25 TV/Clean $ , * Key to abbreviations: LV: Loan value; RV: Retail value; TV: Trade-in value; WV: Wholesale value Relationship to retail value is based on the percentage of assessed value of RV, LV, or TV to RV for a typical car. See text of Section 9 for an explanation. # Adjusted effective rate = tax rate x relationship to retail value x assessment ratio.... No reply a The city of Alexandria uses 95 percent of the manufacturer s suggested retail price as an alternative valuation method. b The city of Chesapeake adds $0.08 to the base $4.00 rate for mosquito control. c Accomack County adds additional charges for its special districts: Metompkin ($0.14), Atlantic ($0.17), Pungoteague ($0.14), and Lee ($0.14). Tangible Personal Property Tax 107

16 Table 9.3 Tangible Personal Property Tax for Automobiles and Trucks of Less than Two Tons, 2011 (continued) Tax Assessment Relationship Adjusted Share of Tax Number of Rates/ Value to Retail Assessment Effective from Vehicles Motor Vehicles Locality $100 Concept*/Condition Value (%) Ratio (%) Rate/$100 # FY 2010 (%) Total Business Counties (continued) Appomattox $4.60 RV/ $ Arlington $5.00 LV/Clean $ ,877 4,667 Augusta $2.25 LV/Clean $ ,734 9,544 Bath $0.35 TV/Avg $ , Bedford $2.35 TV/Clean $ ,009 8,800 Bland $2.29 LV/ $ Botetourt $2.55 LV/ $ ,662 3,651 Brunswick $3.40 LV/Clean $ ,227 1,669 Buchanan $1.95 LV/ $ Buckingham $4.05 TV/Clean $ Campbell $3.85 RV/Avg $ ,037 1,255 Caroline $6.25 RV/ $ ,983 1,875 Carroll $1.60 LV/Clean $ ,833 1,607 Charles City $3.50 LV/Avg $2.49 3,920 Charlotte $3.00 TV/Clean $ Chesterfi eld $3.60 LV/Clean $ ,708 20,169 Clarke $4.69 TV/Avg $ ,375 2,151 Craig $3.00 LV/ $ Culpeper $3.50 TV/Clean $ ,488 5,301 Cumberland $4.50 TV/Clean $ ,293 12,741 Dickenson $1.69 LV/Avg $ , Dinwiddie $4.90 LV/Clean $ ,534 1,323 Essex $3.50 LV/Clean $ , Fairfax $4.57 TV/Clean $ ,363 28,231 Fauquier $4.65 LV/ $ ,192 7,919 Floyd $2.95 LV/ $ ,537 2,250 Fluvanna $4.15 TV/Clean $ , Franklin $2.04 LV/Clean $ ,498 20,466 Frederick $4.86 TV/Clean $ ,655 7,118 Giles $1.91 RV/ $ , Gloucester $2.60 RV/ $ Goochland $4.00 LV/Clean $ ,115 1,540 Grayson $1.75 LV/ $ ,510 1,210 Greene $5.00 LV/Avg $ Greensville $4.50 TV/ $ ,998 1,050 Halifax $3.60 LV/ $ Hanover $3.57 TV/Clean $ ,304 14,053 Henrico $3.50 LV/ $ ,135 26,460 Henry $1.48 LV/ $ ,844 5,038 Highland $1.50 LV/Clean $ , Isle of Wight $4.50 LV/ $ , James City $4.00 LV/ $ King & Queen $3.94 TV/Clean $ ,504 1,034 King George $3.20 TV/Clean $ , King William $3.65 TV/Clean $ ,742 1,674 Lancaster $2.04 LV/ $ ,295 1,787 Lee $2.00 TV/Avg $ Loudoun $4.20 LV/Clean $ , Louisa $1.90 TV/ $ Lunenburg $3.60 TV/Clean $ ,888 1,373 Madison $2.95 TV/ $ ,558 2,357 Mathews $3.70 TV/Avg $ Mecklenburg $3.26 LV/Clean $ ,775 1,006 Middlesex $3.50 RV/ $ ,845 1,464 Montgomery $2.45 TV/Clean $ ,513 1,623 * Key to abbreviations: LV: Loan value; RV: Retail value; TV: Trade-in value; TVc: Clean trade-in value; WV: Wholesale value Relationship to retail value is based on the percentage of assessed value of RV, LV, or TV to RV for a typical car. See text of Section 9 for an explanation. # Adjusted effective rate = tax rate x relationship to retail value x assessment ratio.... No reply. 108 Tax Rates 2011

17 Table 9.3 Tangible Personal Property Tax for Automobiles and Trucks of Less than Two Tons, 2011 (continued) Tax Assessment Relationship Adjusted Share of Tax Number of Rates/ Value to Retail Assessment Effective from Vehicles Motor Vehicles Locality $100 Concept*/Condition Value (%) Ratio (%) Rate/$100 # FY 2010 (%) Total Business Counties (continued) Nelson $2.95 RV/ $ , New Kent $3.75 LV/Avg $ ,920 1,711 Northampton $4.10 LV/ $ Northumberland $3.60 RV/Avg $ , Nottoway $3.50 LV/ $ , Orange $3.27 TV/Clean $ Page $4.64 LV/Avg $ ,586 2,002 Patrick $1.71 TV/Clean $ , Pittsylvania $8.50 TV/Avg $ ,471 15,202 Powhatan $3.60 LV/Clean $ ,235 9,100 Prince Edward $4.50 LV/Clean $ , Prince George $4.00 LV/ $ Prince William $3.70 TV/Clean $ ,003 23,695 Pulaski $2.14 TV/Avg $ Rappahannock $4.20 LV/ $ Richmond $3.50 LV/ $ ,159 1,440 Roanoke $3.50 LV/ $ , Rockbridge $4.25 LV/ $ Rockingham $2.80 LV/Avg $ ,000 22,201 Russell $1.65 LV/Clean $ , Scott $1.40 LV/ $ , Shenandoah $3.15 TV/ $ ,917 2,067 Smyth $2.25 LV/Avg $ ,246 2,704 Southampton $5.00 LV/ $ ,466 2,679 Spotsylvania $6.26 RV/ $ Stafford $6.89 RV/ $ ,793 13,809 Surry $4.00 LV/Clean $ , Sussex $4.85 LV/Clean $ ,190 1,204 Tazewell $2.00 LV/Clean $ ,182 4,812 Warren $4.00 TV/Clean $ ,856 2,306 Washington $1.55 LV/Avg $ ,912 2,772 Westmoreland $3.00 LV/Clean $ ,561 5,125 Wise $1.49 LV/ $ Wythe $2.08 LV/ $ ,477 7,944 York $4.00 LV/Clean $ ,877 3,208 County: nominal and adjusted effective tax rates per $100 Median $3.50 $2.63 First quartile $2.40 $1.75 Third quartile $4.18 $3.10 Maximum $8.50 $6.26 Minimum $0.35 $0.29 City and county: nominal and adjusted effective tax rates per $100 Median $3.60 $2.70 First quartile $2.84 $2.02 Third quartile $4.25 $3.19 Maximum $8.50 $6.26 Minimum $0.35 $0.29 * Key to abbreviations: LV: Loan value; RV: Retail value; TV: Trade-in value; TVc: Clean trade-in value; WV: Wholesale value Relationship to retail value is based on the percentage of assessed value of RV, LV, or TV to RV for a typical car. See text of Section 9 for an explanation. # Adjusted effective rate = tax rate x relationship to retail value x assessment ratio.... No reply. Tangible Personal Property Tax 109

18 Table 9.3 Tangible Personal Property Tax for Automobiles and Trucks of Less than Two Tons, 2011 (continued) Tax Assessment Relationship Adjusted Share of Tax Number of Rates/ Value to Retail Assessment Effective from Vehicles Motor Vehicles Locality $100 Concept*/Condition Value (%) Ratio (%) Rate/$100 # FY 2010 (%) Total Business Towns (Towns that answered not applicable for all items are in this table are excluded. For a listing of respondents and nonrespondents, see Appendix B.) Abingdon $0.55 LV/ $ Accomac $0.10 LV/ $ Alberta $1.90 LV/ $ Altavista $2.00 RV/ $ , Amherst $0.35 TV/ $ , Appalachia $0.70 LV/ $ Appomattox $0.55 RV/ $ Ashland $0.77 LV/ $ Berryville $1.00 TV/ $ Big Stone Gap $0.62 LV/ $ Blackstone $0.65 LV/ $ Bluefi eld $0.60 LV/ $ Boones Mill $0.40 LV/ $ Bowling Green $1.20 RV/ $ Boydton $0.88 LV/ $ Boykins $1.20 LV/ $ Bridgewater $0.75 LV/ $ Broadway $0.51 LV/ $ Brodnax $1.90 LV/ $ Brookneal $1.70 RV/ $ Buchanan $0.32 LV/ $ Burkeville $0.70 LV/ $ Cape Charles $2.00 LV/ $ Capron $1.00 LV/ $ Cedar Bluff $0.35 LV/ $ Charlotte Court House $0.10 TV/ $ Chase City $1.21 LV/ $ Chilhowie $0.30 RV/ $ Chincoteague $0.85 LV/ $ Christiansburg $0.45 LV/Clean $ ,881 1,623 Clarksville $1.65 LV/ $ Cleveland $0.50 LV/ $ Clifton Forge $6.70 LV/ $ Clintwood $0.30 LV/Avg $ Coeburn $0.40 LV/ $ Colonial Beach $3.75 LV/ $ Courtland $1.14 LV/ $ Crewe $1.20 LV/ $ Culpeper $1.00 TV/ $ ,687 1,000 Damascus $0.52 LV/ $ Dillwyn $0.28 TV/ $ Drakes Branch $0.37 TV/ $ Dublin $0.50 TV/ $ , Eastville $0.02 LV/ $ Edinburg $0.09 RV/ $ Farmville $1.50 LV/ $ Floyd $0.25 LV/ $ Front Royal $0.64 TV/ $ , Glade Spring $0.20 RV/ $ Glen Lyn $0.25 RV/ $ * Key to abbreviations: LV: Loan value; RV: Retail value; TV: Trade-in value; WV: Wholesale value Relationship to retail value is based on the percentage of assessed value of RV, LV, or TV to RV for a typical car. See text of Section 9 for an explanation. # Adjusted effective rate = tax rate x relationship to retail value x assessment ratio.... No reply. 110 Tax Rates 2011

19 Table 9.3 Tangible Personal Property Tax for Automobiles and Trucks of Less than Two Tons, 2011 (continued) Tax Assessment Relationship Adjusted Share of Tax Number of Rates/ Value to Retail Assessment Effective from Vehicles Motor Vehicles Locality $100 Concept*/Condition Value (%) Ratio (%) Rate/$100 # FY 2010 (%) Total Business Towns (continued) Gordonsville $0.99 TV/ $ Gretna $2.00 TV/ $ Halifax $1.68 LV/ $ Hallwood $0.48 LV/ $ Hamilton $1.10 LV/ $ Haymarket $0.60 TV/ $ Haysi $0.40 LV/ $ Hillsville $0.72 LV/ $ Hurt $2.50 TV/ $ Independence $0.63 LV/ $ Iron Gate $1.00 RV/ $ Ivor $0.60 LV/ $ Jonesville $0.25 TV/ $ Kenbridge $1.41 TV/ $ Keysville $0.60 TV/ $ Kilmarnock $0.16 LV/ $ La Crosse $1.05 LV/ $ Lawrenceville $1.80 LV/ $ Lebanon $0.75 LV/ $ , Leesburg $1.00 LV/ $ Louisa $0.71 TV/ $ Luray $0.40 LV/ $ , Marion $0.35 LV/ $ McKenney $0.50 LV/ $ Middleburg $1.00 LV/ $ Middletown $1.25 TV/ $ Mineral $0.60 RV/ $ Monterey $0.35 LV/ $ Mount Jackson $0.80 TV/ $ Narrows $1.11 RV/ $ New Market $0.80 LV/ $ Onley $0.30 LV/ $ Orange $0.83 TV/ $ , Pamplin $1.00 RV/ $ Parksley $0.80 LV/ $ Pearisburg $0.94 RV/ $ Pembroke $0.63 RV/ $ Pennington Gap $0.20 TV/ $ Pound $0.44 LV/ $ Pulaski $0.80 TV/ $ Purcellville $1.05 LV/ $ , Remington $1.10 LV/ $ Rich Creek $0.63 RV/ $ Rocky Mount $0.51 LV/ $ , Round Hill $1.15 LV/ $ Rural Retreat $0.50 LV/ $ , Saint Paul $0.31 LV/ $ Shenandoah $0.40 TV/ $ , Smithfi eld $1.00 LV/ $ , South Boston $2.00 LV/ $ * Key to abbreviations: LV: Loan value; RV: Retail value; TV: Trade-in value; WV: Wholesale value Relationship to retail value is based on the percentage of assessed value of RV, LV, or TV to RV for a typical car. See text of Section 9 for an explanation. # Adjusted effective rate = tax rate x relationship to retail value x assessment ratio.... No reply. Tangible Personal Property Tax 111

20 Table 9.3 Tangible Personal Property Tax for Automobiles and Trucks of Less than Two Tons, 2011 (continued) Tax Assessment Relationship Adjusted Share of Tax Number of Rates/ Value to Retail Assessment Effective from Vehicles Motor Vehicles Locality $100 Concept*/Condition Value (%) Ratio (%) Rate/$100 # FY 2010 (%) Total Business Towns (continued) South Hill $1.05 LV/ $ , Stanley $0.75 RV/ $ , Stephens City $1.00 TV/ $ Stony Creek $0.60 LV/ $ Strasburg $1.11 TV/ $ Surry $0.60 LV/ $ Tappahannock $1.25 LV/ $ The Plains $0.50 LV/ $ Timberville $0.30 LV/ $ Urbanna $0.65 RV/ $ Victoria $1.00 TV/ $ Vinton $1.00 RV/ $ , Virgilina $0.20 LV/ $ Wachapreague $0.15 LV/ $ Wakefi eld $0.86 LV/ $ Warrenton $1.00 LV/ $ , Warsaw $0.60 LV/ $ Waverly $1.85 LV/ $ West Point $3.30 TV/ $ , Windsor $0.50 LV/ $ , Wise $0.53 LV/ $ , Woodstock $0.90 TV/ $ , Wytheville $0.28 RV/ $ Town: nominal and adjusted effective tax rates per $100 Median $0.70 $0.53 First quartile $0.45 $0.33 Third quartile $1.05 $0.82 Maximum $6.70 $2.81 Minimum $0.02 $0.01 * Key to abbreviations: LV: Loan value; RV: Retail value; TV: Trade-in value; WV: Wholesale value Relationship to retail value is based on the percentage of assessed value of RV, LV, or TV to RV for a typical car. See text of Section 9 for an explanation. # Adjusted effective rate = tax rate x relationship to retail value x assessment ratio.... No reply. 112 Tax Rates 2011

21 Table 9.4 Personal Property Tax Relief Act for Motor Vehicles State Credit for $20,000 Vehicle, 2010 and 2011 Exemption for Vehicles PPTRA Total State Taxpayer Total State Taxpayer Locality < $1,000 Method* Tax Credit Liability Tax Credit Liability Cities (Note: all cities responded to the survey.) Alexandria Yes DP $950 $656 $294 $950 $598 $352 Bedford Yes SP $486 $233 $253 $486 $243 $243 Bristol No SP Buena Vista Yes SP $1,170 $538 $713 $1,170 $608 $562 Charlottesville No SP $840 $445 $395 $840 $479 $361 Chesapeake Yes SP $816 $530 $286 $816 $490 $326 Colonial Heights Yes RR $700 $455 $245 $700 $455 $245 Covington Yes SP $1,120 $333 $787 $1,120 $330 $790 Danville Yes SP $600 $378 $222 $600 $432 $168 Emporia No SP $1,000 $624 $376 $1,000 $642 $358 Fairfax Yes SP $826 $399 $427 $826 $406 $420 Falls Church Yes SP $942 $556 $386 $942 $556 $386 Franklin Yes SP $900 $549 $351 $900 $567 $333 Fredericksburg No SP $598 $291 $307 $680 $257 $423 Galax Yes DP $336 $156 $174 $336 $174 $162 Hampton Yes SP $850 $510 $340 $850 $510 $340 Harrisonburg Yes SP TBD TBD TBD Hopewell Yes SP $700 $385 $315 Lexington Yes SP $850 $510 $340 $850 $510 $340 Lynchburg Yes SP $760 $416 $344 $760 $421 $339 Manassas Yes SP $650 $445 $204 $650 $445 $205 Manassas Park Yes SP $ $700 TBD TBD Martinsville Yes SP $460 $265 $195 $460 $277 $183 Newport News Yes SP $850 $565 $285 $850 $535 $315 Norfolk Yes SP $ $866 $485 $381 Norton No SP $370 $248 $122 $370 $248 $122 Petersburg Yes SP $880 $572 $308 $880 $572 $308 Poquoson Yes SP $830 $457 $373 $830 $457 $373 Portsmouth No SP $1,000 $520 $480 $1,000 $620 $380 Radford Yes SP TBD TBD TBD Richmond Yes SP $ $740 $444 $296 Roanoke No SP $690 $464 $226 $690 $448 $242 Salem No SP 100% 61% 39% Staunton Yes SP $400 $240 $160 $480 $250 $230 Suffolk Yes SP TBD TBD TBD Virginia Beach Yes SP $740 $518 $222 $740 $518 $222 Waynesboro Yes SP $ $500 TBD TBD Williamsburg Yes SP $700 $420 $280 $700 $ Winchester No SP $900 $455 $445 $900 $504 $396 Counties (Note: all counties responded to the survey.) Accomack Yes DP Albemarle No SP $856 $488 $368 $856 $505 $351 Alleghany Yes SP $595 TBD TBD Amelia No SP TBD TBD TBD Amherst No SP $650 $297 $353 $650 $289 $361 Appomattox Yes SP TBD TBD TBD Arlington Yes DP $1,000 $465 $536 $1,000 $422 $578 Augusta Yes SP $450 $252 $198 $450 $234 $216 Bath No SP $70 $28 $42 Bedford Yes SP TBD TBD TBD Bland Yes RR $458 $215 $243 Botetourt Yes SP $510 $316 $184 $510 $326 $184 Brunswick No SP $ $680 $428 $252 Buchanan Yes SP $390 $156 $234 Buckingham No RR $ $810 $358 $ No reply. TBD To be determined. * SP: Specifi c relief, same percentage; DP: Specifi c relief, declining percentage; RR: Reduced rate Tangible Personal Property Tax 113

22 Table 9.4 Personal Property Tax Relief Act for Motor Vehicles State Credit for $20,000 Vehicle, 2010 and 2011 (continued) Exemption for Vehicles PPTRA Total State Taxpayer Total State Taxpayer Locality < $1,000 Method* Tax Credit Liability Tax Credit Liability Counties (continued) Campbell Yes SP $770 $193 $578 $770 $192 $578 Caroline No SP $625 $230 $395 $625 $285 $340 Carroll Yes SP $ $320 TBD TBD Charles City No SP $700 $399 $301 $700 $399 $301 Charlotte No SP $ $600 $246 $354 Chesterfi eld Yes SP $720 $468 $252 $720 $468 $252 Clarke Yes SP $966 $560 $406 $938 $560 $378 Craig Yes SP $600 $318 $282 Culpeper Yes SP $ $700 $259 $441 Cumberland No SP $900 $422 $478 $900 $414 $486 Dickenson No SP TBD TBD TBD Dinwiddie Yes SP $980 $470 $510 $980 $470 $510 Essex Yes SP $700 $350 $350 $700 TBD TBD Fairfax Yes SP $914 $626 $288 Fauquier Yes SP $930 $586 $344 $930 $623 $307 Floyd $590 $305 $285 Fluvanna Yes SP $770 $429 $341 $830 $419 $411 Franklin No SP $378 $190 $188 $408 $197 $211 Frederick No SP $972 $510 $462 $972 $496 $476 Giles Yes SP TBD TBD TBD Gloucester Yes SP $520 $182 $338 $520 $182 $338 Goochland No SP $800 $376 $424 TBD TBD TBD Grayson No SP $350 $130 $220 $350 $130 $220 Greene Yes RR $1,000 $472 $528 Greensville No SP $900 $495 $405 Halifax No SP $720 $230 $490 $720 $230 $490 Hanover Yes SP $ $714 TBD TBD Henrico Yes SP $700 $455 $245 $700 $476 $224 Henry Yes SP TBD TBD TBD Highland Yes SP $ $300 TBD TBD Isle of Wight Yes SP $900 $495 $405 James City No SP $800 $488 $312 $800 $488 $312 King & Queen No SP $788 $473 $315 $788 $473 $315 King George Yes SP $640 $269 $371 $640 $288 $352 King William Yes SP $730 $314 $416 $730 $314 $416 Lancaster Yes SP $304 $198 $106 $304 $198 $106 Lee No SP Loudoun Yes SP $840 $487 $353 $840 $487 $353 Louisa No RR $380 $177 $203 $380 $177 $203 Lunenburg No SP $720 $396 $324 $720 $389 $331 Madison No SP $ $640 TBD TBD Mathews Yes RR $ $740 TBD TBD Mecklenburg No... $652 $209 $443 $652 $209 $443 Middlesex Yes SP Montgomery Yes SP $490 $311 $179 $490 $311 $179 Nelson Yes SP $590 $324 $266 $590 $319 $271 New Kent No SP TBD TBD TBD Northampton Yes RR $820 $476 $344 Northumberland Yes SP $720 $181 $539 $720 $173 $547 Nottoway No SP $ $700 $434 $266 Orange Yes SP $654 TBD TBD Page Yes SP $928 $327 $601 Patrick No SP $342 $171 $171 Pittsylvania Yes SP $510 $255 $255 $510 $321 $189 Powhatan Yes SP $720 TBD TBD $720 TBD TBD... No reply. TBD To be determined. * SP: Specifi c relief, same percentage; DP: Specifi c relief, declining percentage; RR: Reduced rate 114 Tax Rates 2011

23 Table 9.4 Personal Property Tax Relief Act for Motor Vehicles State Credit for $20,000 Vehicle, 2010 and 2011 (continued) Exemption for Vehicles PPTRA Total State Taxpayer Total State Taxpayer Locality <$1,000 Method* Tax Credit Liability Tax Credit Liability Counties (continued) Prince Edward No SP TBD TBD TBD Prince George Yes SP $800 $448 $352 $800 $408 $392 Prince William Yes SP $740 $474 $266 $740 $444 $296 Pulaski Yes SP $428 $205 $223 Rappahannock No DP $840 $429 $411 $840 $426 $414 Richmond Yes SP $700 $490 $210 $700 $490 $210 Roanoke Yes SP $700 $489 $211 $700 $465 $235 Rockbridge No SP $850 $383 $468 $850 $382 $468 Rockingham Yes RR $560 $336 $224 Russell Yes RR TBD TBD TBD Scott No SP $280 $129 $151 $280 $129 $151 Shenandoah Yes SP $630 $315 $315 $630 $309 $321 Smyth Yes SP $450 TBD TBD $450 $288 $162 Southampton Yes SP $1,000 $590 $410 $1,000 $500 $500 Spotsylvania Yes SP $1,000 $294 $706 $1,000 $288 $712 Stafford Yes SP $551 $287 $265 $551 $242 $309 Surry Yes SP $800 $440 $360 $800 $440 $360 Sussex Yes SP $970 $534 $437 $970 $611 $359 Tazewell Yes SP $400 $200 $200 $400 $180 $220 Warren Yes SP $800 $376 $424 $800 $408 $392 Washington Yes SP $310 $189 $121 $310 $189 $121 Westmoreland Yes RR $600 $240 $360 $600 $240 $360 Wise Yes SP $298 $147 $151 $298 $140 $158 Wythe Yes SP $416 TBD TBD $416 TBD TBD York No SP $800 $512 $288 $800 $520 $280 Towns (Note: towns that answered not applicable for most items on this table are excluded. For a listing of respondents and non-respondents, see Appendix B.) Abingdon Yes SP $110 $75 $35 $110 $75 $35 Altavista No SP $200 $124 $76 $200 $128 $72 Amherst No SP $70 $39 $31 $70 $39 $31 Appalachia Yes SP $140 $98 $42 $140 $98 $42 Ashland No SP $154 $51 $103 $154 $46 $108 Berryville Yes... $100 $70 $30 $100 $70 $30 Big Stone Gap Yes SP $124 $0 $124 $124 $0 $124 Blackstone No... $130 $81 $49 $130 $82 $48 Bluefi eld Yes SP $120 $66 $54 Bowling Green Yes SP $96 $58 $38 $96 $58 $38 Boydton No RR $176 $120 $56 $176 $120 $56 Bridgewater Yes SP $150 $97 $53 $150 $97 $53 Broadway $102 $60 $42 $102 $60 $42 Brookneal Yes RR $340 $114 $226 $340 $117 $223 Cape Charles Yes RR TBD TBD TBD Chase City No SP $242 $169 $73 Chincoteague Yes SP $170 $107 $63 $170 $106 $64 Christiansburg Yes SP TBD TBD TBD Clarksville No SP $330 $215 $115 $330 $214 $116 Clintwood Yes SP TBD TBD TBD Coeburn Yes SP $80 $44 $36 $80 $44 $36 Courtland Yes... $228 $160 $68 Culpeper Yes SP $200 $64 $136 Dillwyn No SP $56 $34 $22 $56 TBD TBD Drakes Branch Yes SP $74 $74 $0 Dublin Yes SP $100 $72 $28 $100 $70 $30 Eastville Yes RR $50 $28 $22 $50 $28 $22 Edinburg Yes SP $150 $75 $75 $150 $75 $75 Front Royal No SP $120 $84 $36 $128 $90 $38 Glade Spring No SP $40 $26 $14 $40 $26 $14... No reply. TBD To be determined. * SP: Specifi c relief, same percentage; DP: Specifi c relief, declining percentage; RR: Reduced rate Tangible Personal Property Tax 115

24 Table 9.4 Personal Property Tax Relief Act for Motor Vehicles State Credit for $20,000 Vehicle, 2010 and 2011 (continued) Exemption for Vehicles PPTRA Total State Taxpayer Total State Taxpayer Locality < $1,000 Method* Tax Credit Liability Tax Credit Liability Towns (continued) Gordonsville Yes SP $198 $119 $79 $198 $119 $79 Gretna Yes DP $120 $111 $9 $120 $120 $0 Halifax No SP $336 $138 $198 $336 $138 $198 Hamilton Yes SP $220 $154 $66 $220 $154 $66 Hillsville Yes SP $144 $123 $21 Hurt Yes SP $500 $350 $150 $500 $350 $150 Independence No SP $1,500 $985 $515 Kenbridge Yes... $262 $207 $55 $262 $198 $64 Keysville No... $120 $84 $36 $120 $84 $36 Kilmarnock Yes SP $32 $22 $10 $32 TBD TBD La Crosse Yes SP $210 $52 $158 $210 $52 $158 Lebanon Yes SP $100 $100 $0 $150 $150 $0 Leesburg Yes SP $200 $110 $90 $200 $108 $92 Louisa Yes SP $142 $99 $43 $142 $71 $71 Luray Yes SP $80 $80 $0 $80 $80 $0 Mineral Yes SP $120 $53 $67 $120 $55 $65 Narrows No SP $188 $122 $66 $203 $142 $61 Orange Yes SP $166 $138 $28 $166 TBD TBD Pamplin No SP $200 $86 $114 TBD TBD TBD Pearisburg Yes SP $188 $122 $66 $188 $132 $56 Pembroke Yes DP $125 $87 $38 $125 $87 $38 Pennington Gap No SP $ $50 TBD TBD Pound No DP $88 $62 $26 $88 $62 $26 Purcellville Yes RR $210 $107 $103 $210 $105 $105 Rich Creek No SP $125 $87 $38 $125 $62 $63 Rocky Mount No SP $102 $73 $29 $102 $73 $29 Round Hill No RR $230 $143 $87 TBD TBD TBD Rural Retreat Yes SP $90 $52 $38 $90 TBD TBD Saint Paul Yes SP $62 $38 $24 $62 $38 $24 Saltville Yes... $100 $70 $30 $100 $70 $30 Shenandoah Yes SP $80 $42 $38 $80 $40 $40 Smithfi eld Yes SP $200 $114 $86 $200 $114 $86 South Boston No SP $400 $244 $156 $400 TBD TBD South Hill No SP $210 $68 $142 $210 $86 $124 Stanley Yes SP $90 $63 $27 $150 $97 $53 Stephens City No... $200 $140 $60 $200 $140 $60 Stony Creek No DP $120 $84 $36 $120 $70 $50 Strasburg Yes SP $222 $98 $124 $222 $93 $129 Timberville Yes SP $600 $378 $222 $600 $378 $222 Victoria Yes SP $196 $127 $69 $196 TBD TBD Vinton Yes SP $200 $138 $62 $200 $137 $63 Virgilina Yes... $40 $0 $40 $40 $0 $40 Wakefi eld $172 $103 $69 $172 $95 $77 Warrenton Yes SP $200 $200 $0 $200 $200 0 Warsaw Yes SP $120 $78 $42 $120 $78 $42 Waverly Yes SP $370 $222 $148 $370 $222 $148 West Point No... $660 $462 $198 $660 $436 $224 Windsor No... $100 $35 $65 TBD TBD TBD Wise Yes SP $106 $66 $40 $106 $66 $40 Woodstock Yes SP $180 $104 $76 $180 $101 $79 Wytheville Yes SP $56 $38 $18 $56 TBD TBD... No reply. TBD To be determined. * SP: Specifi c relief, same percentage; DP: Specifi c relief, declining percentage; RR: Reduced rate 116 Tax Rates 2011

25 Table 9.5 Localities That Report Having a Personal Property Tax Reduction for High Mileage Vehicles, 2010 or 2011 Year Number of Foregone Locality Reporting Benefi ciaries Revenue ($) Cities (Note: all cities responded to the survey. Those that answered no for the items of this table are excluded.) Alexandria ,989 $167,204 Bedford NR NR Chesapeake $29,977 Colonial Heights NR NR Danville NR NR Emporia NR NR Fairfax NR NR Falls Church $3,000 Franklin NR NR Fredericksburg 30 NR Hampton 2011 NR NR Harrisonburg NR NR Hopewell $335 Lynchburg $24,200 Manassas 2010 NR NR Manassas Park NR NR Martinsville NR NR Newport News $3,462 Norfolk $1,183 Petersburg NR NR Poquoson NR NR Portsmouth NR Radford NR NR Richmond 2010 NR NR Roanoke NR NR Staunton NR NR Suffolk ,074 NR Virginia Beach ,135 $44,835 Waynesboro NR NR Winchester NR NR Counties (Note: all counties responded to the survey. Those that answered no for the items of this table are excluded.) Amelia NR NR Appomattox NR NR Bedford NR NR Botetourt NR NR Buchanan 5 $50 Buckingham $3,900 Campbell NR NR Charlotte NR NR Chesterfield ,087 $261,324 Clarke 2011 NR NR Culpeper NR NR Cumberland NR Dickenson NR NR Dinwiddie NR NR Fairfax NR NR Fauquier NR NR Fluvanna 2011 NR NR Franklin NR NR Frederick $42,000 Giles 2010 NR NR Goochland 2010 NR NR Greensville NR NR Halifax NR NR Hanover 2010 NR NR Henrico NR NR NR No records. A locality may give the reduction, but its computer system doesn t track individual increments. Tangible Personal Property Tax 117

26 Table 9.5 Localities That Report Having a Personal Property Tax Reduction for High Mileage Vehicles or 2011 (continued) Year Number of Foregone Locality Reporting Benefi ciaries Revenue ($) Counties (continued) Isle of Wight NR James City NR NR King & Queen NR NR King George $4,104 King William 2010 NR NR Lancaster NR NR Lee NR NR Loudoun ,107 $616,312 Louisa NR NR Lunenburg NR NR Madison NR NR Mathews NR NR Montgomery ,519 NR New Kent 2010 NR NR Northampton NR NR Northumberland $300 Nottoway NR NR Orange NR NR Page $656 Patrick 2010 NR NR Powhatan $31,670 Prince Edward NR NR Prince George NR NR Prince William ,250 $66,100 Rappahannock NR NR Richmond NR NR Roanoke NR Rockbridge NR NR Russell NR NR Scott $625 Shenandoah NR NR Smyth NR NR Southampton NR NR Spotsylvania NR NR Stafford $4,139 Surry NR NR Sussex NR NR Tazewell $14,200 Warren ,277 $183,526 Washington NR NR Westmoreland $1,005 Wise NR NR Wythe NR NR Towns (Towns that answered not applicable for the items of this table are excluded. For a listing of respondents and nonrespondents, see Appendix B.) Abingdon NR NR Altavista NR NR Berryville NR NR Buchanan NR NR Chincoteague NR NR Christiansburg NR NR Culpeper 191 NR Edinburg NR NR Front Royal NR NR Gordonsville NR NR NR No records. A locality may give the reduction, but its computer system doesn t track individual increments. 118 Tax Rates 2011

27 Table 9.5 Localities That Report Having a Personal Property Tax Reduction for High Mileage Vehicles or 2011 (continued) Year Number of Foregone Locality Reporting Benefi ciaries Revenue ($) Towns (continued) Haysi NR NR Leesburg NR NR Pennington Gap $50 Shenandoah NR NR Smithfi eld NR NR Victoria NR NR Vinton NR NR Warrenton 2010 NR NR West Point NR NR NR No records. A locality may give the reduction, but its computer system doesn t track individual increments. Tangible Personal Property Tax 119

28 Table 9.6 Assessment Component Changes in Cities and Counties From 1997, When PPTRA Went Into Effect, to Nominal Assessment Assessment Nominal Assessment Assessment Locality Tax Rate/$100 Value Concept* Ratio (%) Tax Rate/$100 Value Concept* Ratio (%) Cities (Note: all cities responded to the survey. Those that answered no for the items of this table are excluded.) Alexandria $4.75 TV 100 $4.75 TV 100 Bedford $1.80 TV 100 $2.43 TV 100 Bristol $6.00 LV 30 $7.00 LV 30 Buena Vista $4.25 TV 100 $5.85 TV 80 Charlottesville $4.20 LV 100 $4.20 TV 100 Chesapeake $4.00 LV 100 $4.00 LV 100 Colonial Heights $3.50 LV 100 $3.50 LV 100 Covington $5.60 RV 45 $5.60 RV 55 Danville $3.00 TV 100 $3.00 TV 100 Emporia $5.00 LV 100 $5.00 LV 100 Fairfax $3.29 TV 100 $4.13 TV 100 Falls Church $4.71 TV 100 $4.84 TV 100 Franklin $4.50 TV 100 $4.50 TV 100 Fredericksburg $2.99 RV 90 $3.40 RV 90 Galax $1.42 LV 100 $1.62 LV 100 Hampton $4.25 LV 100 $4.25 LV 100 Harrisonburg $2.00 TV 100 $3.00 TV 100 Hopewell $3.05 LV 100 $3.50 LV 100 Lexington $3.95 TV 100 $4.25 TV 100 Lynchburg $3.30 TV 100 $3.80 TV 100 Manassas $3.05 TV 100 $3.25 TV 100 Manassas Park $3.50 TV 100 $3.50 TV 100 Martinsville $1.92 LV 100 $2.30 LV 100 Newport News $4.15 LV 100 $4.25 LV 100 Norfolk $4.00 LV 100 $4.33 LV 100 Norton $1.85 TV 100 $1.85 TV 100 Petersburg $4.30 LV 100 $4.40 LV 100 Poquoson $3.85 LV 100 $4.15 LV 100 Portsmouth $4.35 LV 100 $5.00 LV 100 Radford $2.14 TV 100 $2.44 TV 100 Richmond $3.70 TV 100 $3.70 TV 100 Roanoke $3.45 LV 100 $3.45 LV 100 Salem $3.20 LV 100 $3.20 LV 100 Staunton $2.00 RV 100 $2.40 RV 100 Suffolk $4.25 LV 100 $4.25 LV 100 Virginia Beach $3.70 LV 100 $3.70 LV 100 Waynesboro $5.00 RV 50 $5.00 RV 50 Williamsburg $3.50 LV 100 $3.50 LV 100 Winchester $3.50 TV 100 $4.50 TV 100 Counties (Note: all counties responded to the survey. Those that answered no for the items of this table are excluded.) Accomack $3.26 LV 100 $3.48 LV 100 Albemarle $4.28 LV 100 $4.28 TV 100 Alleghany $5.95 RV 35 $5.95 LV 50 Amelia $3.25 LV 100 $4.00 LV 100 Amherst $2.50 LV 100 $3.25 TV 100 Appomattox $3.50 RV 50 $4.60 RV 50 Arlington $4.40 LV 100 $5.00 LV 100 Augusta $1.90 LV 100 $2.25 LV 100 Bath $0.20 TV 100 $0.35 TV 100 Bedford $8.50 RV 20 $2.35 TV 100 Bland $1.60 LV 100 $2.29 LV 100 Botetourt $2.55 LV 100 $2.55 LV 100 Brunswick $3.40 LV 100 $3.40 LV 100 Buchanan $1.95 LV 100 $1.95 LV 100 Buckingham $3.30 LV 100 $4.05 TV 100 * Assessment value concepts used are general categories: retail value (RV), trade-in value (TV), and loan value (LV). In actual practice, a locality might use a specific subset within a category. For instance, NADA categorizes three classes of trade-in value: clean trade-in, average trade-in, and rough trade-in. The assessed value of an automobile would change depending on which class of trade-in value the automobile is assessed. While the change in assessment is obvious in this table if the nominal rate changes or the value concept changes from retail value to trade-in value, it is less apparent if a locality changes the value concept within the same category. Changing from average retail value to clean retail value, for instance, will not show in this table as a change. 120 Tax Rates 2011

29 Table 9.6 Assessment Component Changes in Cities and Counties From 1997, When PPTRA Went Into Effect, to 2011 (continued) Nominal Assessment Assessment Nominal Assessment Assessment Locality Tax Rate/$100 Value Concept* Ratio (%) Tax Rate/$100 Value Concept* Ratio (%) Counties (continued) Campbell $3.25 RV 50 $3.85 RV 50 Caroline $6.25 RV 40 $6.25 RV 50 Carroll $1.30 LV 100 $1.60 LV 100 Charles City $3.40 LV 100 $3.50 LV 95 Charlotte $2.00 TV 100 $3.00 TV 100 Chesterfi eld $3.60 LV 100 $3.60 LV 100 Clarke $4.00 TV 100 $4.69 TV 100 Craig $2.50 LV 100 $3.00 LV 100 Culpeper $6.25 TV 40 $3.50 TV 100 Cumberland $3.50 TV 100 $4.50 TV 100 Dickenson $1.59 LV 100 $1.69 LV 100 Dinwiddie $4.90 LV 100 $4.90 LV 100 Essex $3.50 LV 100 $3.50 LV 100 Fairfax $4.57 TV 100 $4.57 TV 100 Fauquier $4.65 LV 100 $4.65 LV 100 Floyd $2.18 LV 100 $2.95 LV 100 Fluvanna $3.70 TV 100 $4.15 TV 100 Franklin $1.67 LV 100 $2.04 LV 95 Frederick $4.20 TV 100 $4.86 TV 100 Giles $7.00 RV 25 $1.91 RV 100 Gloucester $3.50 RV 50 $2.60 RV 100 Goochland $4.00 LV 100 $4.00 LV 100 Grayson $1.00 LV 100 $1.75 LV 100 Greene $4.45 LV 100 $5.00 LV 100 Greensville $4.50 TV 100 $4.50 TV 100 Halifax $1.26 RV 100 $3.60 LV 100 Hanover $3.64 LV 100 $3.57 TV 100 Henrico $3.50 LV 100 $3.50 LV 100 Henry $1.19 LV 100 $1.48 LV 100 Highland $1.50 RV 100 $1.50 LV 100 Isle of Wight $4.40 LV 100 $4.50 LV 100 James City $4.00 LV 100 $4.00 LV 100 King & Queen $3.89 LV 100 $3.94 TV 100 King George $3.10 TV 100 $3.20 TV 100 King William $3.45 LV 100 $3.65 TV 100 Lancaster $3.80 RV 40 $2.04 LV 100 Lee $1.25 TV 100 $2.00 TV 100 Loudoun $4.20 LV 100 $4.20 LV 100 Louisa $1.70 TV 100 $1.90 TV 100 Lunenburg $3.50 TV 100 $3.60 TV 100 Madison $8.70 RV 20 $2.95 TV 100 Mathews $2.90 RV 100 $3.70 TV 100 Mecklenburg $4.65 LV 35 $3.26 LV 100 Middlesex $3.50 RV 35 $3.50 RV 35 Montgomery $2.45 LV 100 $2.45 TV 80 Nelson $2.95 TV 100 $2.95 RV 90 New Kent $3.75 LV 100 $3.75 LV 100 Northampton $4.10 LV 100 $4.10 LV 100 Northumberland $3.60 RV 40 $3.60 RV 40 Nottoway $3.15 LV 100 $3.50 LV 100 Orange $5.50 RV 40 $3.27 TV 100 Page $2.25 LV 100 $4.64 LV 100 Patrick $1.26 TV 100 $1.71 TV 100 Pittsylvania $7.25 TV 30 $8.50 TV 30 Powhatan $3.60 LV 100 $3.60 LV 100 * Assessment value concepts used are general categories: retail value (RV), trade-in value (TV), and loan value (LV). In actual practice, a locality might use a specific subset within a category. For instance, NADA categorizes three classes of trade-in value: clean trade-in, average trade-in, and rough trade-in. The assessed value of an automobile would change depending on which class of trade-in value the automobile is assessed. While the change in assessment is obvious in this table if the nominal rate changes or the value concept changes from retail value to trade-in value, it is less apparent if a locality changes the value concept within the same category. Changing from average retail value to clean retail value, for instance, will not show in this table as a change. Tangible Personal Property Tax 121

30 Table 9.6 Assessment Component Changes in Cities and Counties From 1997, When PPTRA Went Into Effect, to 2011 (continued) Nominal Assessment Assessment Nominal Assessment Assessment Locality Tax Rate/$100 Value Concept* Ratio (%) Tax Rate/$100 Value Concept* Ratio (%) Counties (continued) Prince Edward $3.20 LV 100 $4.50 LV 100 Prince George $4.00 LV 100 $4.00 LV 100 Prince William $3.70 TV 100 $3.70 TV 100 Pulaski $1.50 TV 100 $2.14 TV 100 Rappahannock $3.20 LV 100 $4.20 LV 100 Richmond $3.50 LV 100 $3.50 LV 100 Roanoke $3.50 LV 100 $3.50 LV 100 Rockbridge $3.25 LV 100 $4.25 LV 100 Rockingham $2.80 LV 100 $2.80 LV 100 Russell $1.45 LV 100 $1.65 LV 100 Scott $1.20 LV 100 $1.40 LV 100 Shenandoah $2.86 TV 100 $3.15 OV 100 Smyth $2.25 LV 100 $2.25 LV 100 Southampton $4.00 LV 100 $5.00 LV 100 Spotsylvania $5.00 RV 50 $6.26 RV 100 Stafford $5.49 RV 40 $6.89 RV 40 Surry $3.50 LV 100 $4.00 LV 100 Sussex $4.85 LV 100 $4.85 LV 100 Tazewell $2.00 LV 100 $2.00 LV 100 Warren $3.15 TV 100 $4.00 TV 100 Washington $1.55 LV 100 $1.55 LV 100 Westmoreland $2.50 LV 100 $3.00 LV 100 Wise $1.15 LV 100 $1.49 LV 100 Wythe $1.90 LV 100 $2.08 LV 100 York $4.00 LV 100 $4.00 LV 100 * Assessment value concepts used are general categories: retail value (RV), trade-in value (TV), and loan value (LV). In actual practice, a locality might use a specific subset within a category. For instance, NADA categorizes three classes of trade-in value: clean trade-in, average trade-in, and rough trade-in. The assessed value of an automobile would change depending on which class of trade-in value the automobile is assessed. While the change in assessment is obvious in this table if the nominal rate changes or the value concept changes from retail value to trade-in value, it is less apparent if a locality changes the value concept within the same category. Changing from average retail value to clean retail value, for instance, will not show in this table as a change. 122 Tax Rates 2011

31 Table 9.7 Tangible Personal Property Tax Rates for Large Trucks Two Tons and Over, 2011 Tax Concepts and Tools Used for Tax Purposes* Rate/$100 Percent Pricing Depreciation Schedule if No Assessed Locality Value of Value Guides Pricing Guide Available Value Cities (Note: All cities responded to this survey. Those that answered not applicable for all items in this table are excluded.) Alexandria TV 100 A, B, C, D, H 2 to 5 tons: 100% average TV; $4.75 Over 5 tons: 1 year 90%, 80%, 70%, 60%, 50%, 40%, 30%, 20% Bedford TV 100 A, B, D 52% $2.43 Bristol LV 30 A 11% $7.00 Buena Vista OC 100 N/A 1 year 80%, 70%, 60%, 50%, 40%, $ %, 20%, 8 years and over 10% Charlottesville WV 100 D, F, H 1 year 85%, 75%, 65%, 50%, 45%, $ years and over 35% Chesapeake RV `100 A 1 year 75%, 65%, 55%, 45%, 35%, $ %, 20%, 18%, 16%, 15%, 12%, 11%, 10% Colonial Heights OC 100 D 1 year 90%, 80%, 70%, 60%, 50%, $ %, 30%, 20%, 9 years and over 10% Covington RV 55 D, E 55% $5.60 Danville TV 100 H 95% $3.00 Emporia LV 100 A 1 year 60%, 55%, 50%, 45%, 40%, $ %, 30%, 25%, 20%, 15%, 10%, 12 years and over assessed at $200 Fairfax OC 100 H 1 year 80%, 70%, 60%, 50%, 40%, $ %, 20%, 8 years and over 10% Falls Church OC 100 D, H 1 year 100%, less 10% yearly $4.84 Franklin TV 100 D, H 1 year 80%, less 10% each year to 20% min. $4.50 Fredericksburg RV 90 H 1 year 90%, 80%, 70%, 60%, 45%, $ %, 7 years and over 20% Galax LV 100 D 1 year 90%, 80%, 70%, 60%, 50%, $ %, 7 years and over 30% Hampton LV 100 A, B, H 1 year 75%, 65%, 55%, 45%, 5 years $4.25 and over 35% Harrisonburg OC 100 A, B 1 year 90%, 80%, 70%, 60%, 50%, $ %, 7 years and over 30% Hopewell OC 100 H New 60%, 50%, 40%, 30%, $ years and over 20% Lexington RV 100 A, H 1 year 85%, then 85% of prev. year s $4.25 value to $200 min. Lynchburg TV 100 A, B 1 year 90%, 70%, 60%, 50%, 40%, $ %, 20%, 10%, then 90% prior year Manassas TV 75 A 1 year 80%, 70%, 60%, 50%, 40%, $ %, 20%, 15%, 9 years and over 10% Manassas Park TV 100 A, B, H 1 year 70%, 60%, 50%, 40%, 30%, $ years and over 20% Martinsville OC 80 D, H 1 year 80%, 70%, 60%, 50%, 40%, $ %, 20%, 8 years and over 10% Newport News LV 100 A, B, F, H 1 year 85%, 80%, 75%, 70%, 65%, $ %, 55%, 50%, 45%, 40%, 35%, 30%, 25%, 20%, 15%, 10%, 17 years and over 9.5% Norfolk LV 80 A New 90%, 1 year and over 80% $4.33 * See bottom of last page of Table 9.7 for key to abbreviations. Tangible Personal Property Tax 123

32 Table 9.7 Tangible Personal Property Tax Rates for Large Trucks Two Tons and Over, 2011 (continued) Tax Concepts and Tools Items Used for Tax Purposes* Rate/$100 Percent Pricing Depreciation Schedule if No Assessed Locality Value of Value Guides Pricing Guide Available Value Cities (continued) Norton TV 100 A, B 1 year 60%, 57.5%, 55%, 52.5%, 50%, $ %, 45%, 42.5%, 40%, 37.5%, 35%, 32.5%, 13 years and over 30% Petersburg LV 100 F, H 1 year 40%, 35%, 30%, 25%, 20% min. $4.40 Poquoson LV 100 A, B 1 year 90%, 80%, 70%, 60%, 50%, $ %, 7 years and over 30% Portsmouth LV 100 A, B, D, H 1 year 80%, 70%, 60%, 50%, 40%, 30%, $ %, 18%, 16.2%, 14.6%, 13.1%, 11.8%, 10.6%, 9.6%, 8.6%, 7.6%, 7%, 6.3% min. Radford OC 100 A, B, D, H 1 year 85%, then 85% previous year s $2.44 value until zero is reached Richmond OC 100 H 1 year 90%, 70%,60%, 50%, 40%, $ %, 20% min. Roanoke OC 100 H 1 year 70%, 60%, 50%, 40%, 30%, $ years and over 20% Salem OC 100 H 1 year 90%, 80%, 70%, 60%, 50%, $ years and over 40% Staunton RV 100 A, B, C, D 7 year straight-line to 10% OC $2.40 Suffolk LV 100 A, B, H 1 year 40% then 90% of prior year $4.25 Virginia Beach LV 100 C, F, H 1 year 90%, 70%, 60% min. $3.70 Waynesboro OC 100 D 1 year 50%, 40%, 30%, 20%, $ years and over 10% Williamsburg RV 100 D, H 80% $3.50 Winchester TV 100 F, H 1 year 90%, 80%, 70%, 60%, 50%, 40%, $ %, 20%, 9 years and over 10% Counties (Note: All counties responded to this survey. Those that answered not applicable for all items are excluded.) Accomack FV 100 C 1 year 85%, 80%, 75%, 70%, $3.48 a decreases 5% each year thereafter. Albemarle OC 100 H 1 year 90%, then 90% of prior year $4.28 Alleghany OC 100 H 1 year 40%, 30%, 3-5: 20%, 6-10: 15%, $ : 10%, 19 years and over 5% Amelia OC 100 H 1 year 65%, 60%, 55%, 50%, 45%, $ %, 35%, 30%, 25%, 20%, 11 years and over 15% Amherst OC 100 H 1 year 90%, 80%, 70%, 60%, 50%, $ %, 30% Appomattox RV 50 A, B Flat rate of $500 $4.60 Arlington LV 100 A, C, H 1 year 80%, 70%, 60%, 50%, 40%, $ %, 7 years and over 20% Augusta OC 100 H 1 year 40%, 30%, 3 years and over 20% $2.25 Bath TV 100 D 10% $0.35 Bedford TV 100 D, H 1 year 100%, 80%, 70%, 60%, 50%, $ %, 30%, 8 years and over 20% Bland OC 100 H 1 year 85%, 75%, 65%, 55%, 45%, $ %, 7 years and over 25% Botetourt OC 100 H 1 year 90%, 70%, 50%, 30%, 5 years $2.55 and over 10% Brunswick LV 100 A, B N/A $3.40 Buchanan OC 100 H New 100%, 85%, 80%, 70%, 60%, 50%, $ %, 35%, 25%, 15%, 10 years and over 10% Buckingham OC 100 A, B New 80%, 70%, 60%, 50%, 40%, 30%, $ %, 7 years and over 10% (min. $2,000) * See bottom of last page of Table 9.7 for key to abbreviations. a Accomack County charges additional fees for special district services. 124 Tax Rates 2011

33 Table 9.7 Tangible Personal Property Tax Rates for Large Trucks Two Tons and Over, 2011 (continued) Tax Concepts and Tools Used for Tax Purposes* Rate/$100 Percent Pricing Depreciation Schedule if No Assessed Locality Value of Value Guides Pricing Guide Available Value Counties (continued) Campbell OC 100 H 1 year 65%, 55%, 45%, 35%, $ years 25%,11 years and over 15% Caroline OC 100 H 1 year 50%, 45%, 40%, 35%, 30%, 25%, $ %, 15%, 9 years and over 10% (minimum $1,000) Carroll OC 100 H 1 year 85%, 75%, 65%, 55%, 45%, $ %, 25%, 8 years and over 15% Charles City LV 95 A, B, H 1 year 60%, 50%, 40%, 30%, 20%, $ years and over 10% Charlotte TV 100 A, B 30% $3.00 Chesterfield LV 100 A, B, F, H New 90%, 70%, 60%, 50%, 40%, 30%, $ %, 7 years and over 10% Clarke OC 100 A, B, F, H New 90%, 75%, 60%, 50%, 40%, 30%, $ years and over 20% Craig LV 100 A, B, D 1 year 80%, 70%, 60%, 50%, 40%, $ %, 7 years and over 20% Culpeper OC 100 H 1 years 80%, 70%, 60%, 50%, 40%, $ %, 20%, 8 years and over 10% Cumberland OC 100 H 1 year 80%, 70%, 60%, 50%, 40%, 30%, $ years and over 20% Dickenson LV 100 A 20% $1.69 Dinwiddie OC 100 A, B 1 year 45%, 40%, 35%, 30%, 25%, 20%, $ %, 8 years and over 10% (minimum of $200) Essex LV 100 C 75% $3.50 Fairfax RV 100 C, H 1 year 60%, 60%, 50%, 40%, 30%, $ years and over 20% Fauquier LV 100 A, B, F, H 1 year 80%, 70%, 60%, 50%, 40% $ %, 20%, 10% min. Floyd OC 100 H 1 year 70%, 60%, 50%, 40%, 30%, $ %, 7 years and over 10% Fluvanna TV 100 D, F, H 1 year 80%, 70%, 60%, 50%, 40%, 30%, $ years and over 20% Franklin OC 25 D, F, H 1 year 75%, 65%, 55%, 45%, 35%, 25%, $ %, 8 years and over 5% Frederick TV 100 C, H 1 year 90%, 80%, 70%, 60%, 50%, $ %, 30%, 8 years and over 25% (minimum of $1,000) Giles RV 100 A, B, F, H 50% $1.91 Gloucester WV 100 C, D 30% $2.60 Goochland LV 100 A, B, H 1 year 60%, 45%, 37.5%, 30%, 5 years $4.00 and over 20% Grayson LV 100 D 1 year 75%, 70%, 65%, 60%, 55%, 50%, $ %, 40%, 35%, 30%, 25%, 12 years and over 20% Greene OC 100 H 1 year 40%, 36%, 32.4%, 29.2%, 26.3%, $ %, 21.3%, 8 years and over 20% Greensville TV 70 C, H 85% $4.50 Halifax LV 100 C, D 1 year 80%, 70%, 60%, 50%, $ %, 30%, 20%, 8 years and over 10% Hanover WC 100 A, B, H 1 year 90%, 80%, 70%, 60%, 50%, $ %, 30%, 20%, 9 years and over 10% Henrico OC 100 H New 85%, 75%, 60%, 50%, $ %, 30%, 6 years and over 20% Henry OC 100 A, B, D, H 60% $1.48 Highland OC 100 A, B, H 1 year 40%, then 5% less prior year $1.50 to $400 min. value * See bottom of last page of Table 9.7 for key to abbreviations. Tangible Personal Property Tax 125

34 Table 9.7 Tangible Personal Property Tax Rates for Large Trucks Two Tons and Over, 2011 (continued) Tax Concepts and Tools Used for Tax Purposes* Rate/$100 Percent Pricing Depreciation Schedule if No Assessed Locality Value of Value Guides Pricing Guide Available Value Counties (continued) Isle of Wight LV 100 C N/A $4.50 James City OC 80 H 1 year 90%, 80%, 70%, 60%, 50%, 40%, $ %, 20%, then 10% to $200 min. value King & Queen OC 100 C, H 1 year 75%, then less 15% prior year $3.94 King George TV 100 A, B 1 year 50%, 45%, 40%, 35%, 30%, 25%, $ %, 15%, 9 years and over 10% King William TV 100 D, H 1 year 80%, 60%, 40%, 20%, 5 years $3.65 and over 10% (minimum $1,000) Lancaster LV 100 F, H 1 year 85%, 75%, 65%, 55%, 45%, 35%, $ %, then 20% min. Lee TV 100 A, B 1 year 90%, then 80% of previous year $2.00 Loudoun OC 100 H New 70%, 60%, 50%, 40%, 30%, $ years and over 20% Louisa TV 100 F, H 1 year 88% $1.90 Lunenburg WV 100 F, H 1 year 70%, 60%, 50%, 40%, 30%, $ %, 7 years and over 10% Madison TV 100 A, D, H new 90%, then 80% previous year $2.95 Matthews TV 100 A, B, D IRS depreciation tables $3.70 Mecklenburg LV 100 F, H 1 year 80%, 70%, 60%, 50%, 40%, $ %, 25%, 8 years and over 15% Middlesex RV 35 A, F 1 year 95%, 90%, 85%, 80%, 75%, 70%, $ %, 60%, 55%, 50%, 45%, 40%, 30%, 25%, 20%, 15%, 10%, 19 years and over 5% (minimum $300) Montgomery TV 100 H 1 year 80%, 60%, 50%, 30%, 20%, $ years and over 10% Nelson OC 100 H 1 year 70%, 60%, 50%, 4 years and $2.95 over 40% New Kent OC 100 H 1-3: 55%. 4-6: 30%, 7+ 10% $3.75 Northampton OC 100 H 1 year 70%, 60%, 50%, 40%, 25%, $ years and over 10% Northumberland RV 100 A, B 1 year 40%, then less 5% prior year $3.60 Nottoway OC 100 H 1 year 80%, 70%, 55%, 40%, 25%, $ years and over 10% Orange WV 100 A, H 1 year 80%, 75%, 70%, 65%, 60%, $ %, 50%, 45%, 40%, 35%, 11 years and over 30% (minimum $250) Page LV, FV 100 D 1 year 90%, 85%, 72% $4.64 Patrick TV 100 D 1 year 95%, 80.8%, 68.7%, 58.4%, $ %, 42.2%, 35.9%, 25.9%, 22%, 10 years and over 20% Pittsylvania OC 100 A, B, D, H 1 year 30%, 27.5%, 25%, 23.5%, 20%, $ %, 15%, 13.5%, 10%, 7.5%, 5% min. Powhatan OC 100 H 1 year 60%, 45%, 37.5%, 30%, 5 years $3.60 and over 20% Prince Edward LV 100 A, B, D 1 year 90%, less 10% yearly (min. $250) $4.50 Prince George OC 100 H New 60%, 50%, 40%, 30%, 4 years $4.00 and over 20% Prince William LV 100 A, B 1 year 90%, 80%, 65%, 50%, 35%, 20%, $ years and over 10% Pulaski OC 100 H 1 to 5 years 60%, 6 to 9 years 40%, $2.14 over 10 years 20% Rappahannock LV 100 A, B 1 year 70%, then less 5% prior year $4.20 to min. $200 * See bottom of last page of Table 9.7 for key to abbreviations. 126 Tax Rates 2011

35 Table 9.7 Tangible Personal Property Tax Rates for Large Trucks Two Tons and Over, 2011 (continued) Tax Concepts and Tools Used for Tax Purposes* Rate/$100 Percent Pricing Depreciation Schedule if No Assessed Locality Value of Value Guides Pricing Guide Available Value Counties (continued) Richmond LV 100 A 75% all years $3.50 Roanoke OC 100 H 1 year 70%, 60%, 50%, 40%, 30%, $ years and over 20% Rockbridge OC 100 H 1 year 85%, then 85% prior year s value $4.25 to $250 min. Rockingham LV 100 H 1 year 72%, 64%, 56%, 48%, 40%, $ %, 24%, 20% minimum Russell LV 100 A 1 to 2 years 80%, 70%, 60%, 5 years $1.65 and over 50% Scott LV 100 A, B N/A $1.40 Shenandoah OC 100 H 1 year 100%, 90%, 80%, 70%, 60%, $ %, 40%, 30%, 20%, 10 years and over 10% Smyth OC 100 H 1 year 85%, 75%, 65%, 55%, 45%, 35%, $ %, 8 years and over 15% (min. $125) Southampton LV 100 F, H 1 year 80%, 70%, 60%, 50%, 40%, 30%, $ %, 8 years and over 10% Spotsylvania RV 100 H 1 year 50%, 45%, 40%, 30%, 5 years $6.26 and over 20% Stafford OC 100 H 1 year 40%, 35%, 30%, 25%, 20%, $ years and over 15% Surry LV 100 A, B 1 year 60%, 50%, 40%, 30%, 20%, $4.00 then 5% of prev. years value Sussex OC 100 H New 100%, 90%, 80%, 70%, 60%, 50%, $ %, 30%, 20%, 9 years and over 10% Tazewell LV 100 A, B 1 year 75%, 65%, 55%, 45%, 35%, 25%, $ years and over 15% Warren OC 100 A, B, H 1 year 70%, 60%, 50%, 40%, 30%, 20%, $ years and over 10% Washington LV 100 A, B, C New 80%, 70%, 60%, 50%, 40%, 30%, $ %, 7 years and over 10% (min. $2,000) Westmoreland LV 100 A, B 80% $3.00 Wise OC 100 H New 85%, 60%, 55%, 50%, 45%, 40% $ %, 30%, 25%, 20%, 15%, 10% min. Wythe LV 100 H 1 year 80%, 70%, 60%, 50%, 40%, 30%, $ % minimum York OC 100 H New 80%, 70%, 60%, 50%, 40%, 35%, $ %, 15%, 10% 10 years 5% (min. $500) Towns (Note: Towns that answered not applicable for all items in this table are excluded. For a listing of town respondents and non-respondents, see Appendix B.) Abingdon OC 100 H Washington County schedule $0.55 Accomac OC 100 H Accomack County schedule $0.10 Altavista OC 100 H Campbell County schedule $2.00 Amherst OC 100 A, H Amherst County schedule $0.35 Appalachia OC 100 H Wise County schedule $0.70 Berryville WV 100 D, F, H N/A $1.00 Big Stone Gap OC 100 H Wise County schedule $0.62 Blackstone OC 100 H Nottoway County schedule $0.65 Bluefi eld OC 100 H Tazewell County schedule $0.60 Boones Mill OC 100 D, H Franklin County schedule $0.40 Bowling Green OC 100 H Caroline County schedule $1.20 Boydton LV 100 H Mecklenburg County schedule $0.88 Bridgewater LV 100 H Rockingham County schedule $0.75 Broadway OC 100 H Rockingham County schedule $0.51 Brodnax OC 100 H Brunswick/Mecklenburg schedules $1.90 * See bottom of last page of Table 9.7 for key to abbreviations. Tangible Personal Property Tax 127

36 Table 9.7 Tangible Personal Property Tax Rates for Large Trucks Two Tons and Over, 2011 (continued) Tax Concepts and Tools Used for Tax Purposes* Rate/$100 Percent Pricing Depreciation Schedule if No Assessed Locality Value of Value Guides Pricing Guide Available Value Towns (continued) Brookneal OC 100 H Campbell County schedule $1.70 Buchanan OC 100 H Botetourt County schedule $0.32 Chase City OC 100 H Mecklenburg County schedule $1.21 Chilhowie RV 100 A Smyth County schedule $0.30 Chincoteague FV 100 H Accomack County schedule $0.85 Christiansburg OC 100 D 1 year 80%, 60%, 50%, 30%, 20%, 10% $0.45 Clarksville OC 100 H Mecklenburg County schedule $1.65 Clintwood OC 100 H 1 year 80%, less 20% prior year value $0.30 Coeburn OC 100 H Wise County schedule $0.40 Courtland LV 100 H Southampton County schedule $1.14 Culpeper OC 100 H 1 year 80%, 70%, 60%, 50%, 40%, $ %, 20%, 8 years and over 10% Damascus LV 100 H Washington County schedule $0.52 Dillwyn OC 100 H Buckingham County schedule $0.28 Drakes Branch TV 100 A, B, H Charlotte County schedule $0.37 Dublin OC 100 H Pulaski County schedule $0.50 Eastville OC 100 H Northampton County schedule $0.02 Front Royal OC 100 H 1 year 90%, 70%, then less10% yearly $0.64 Glade Spring LV 100 C, H Washington County schedule $0.20 Glen Lyn RV 50 H Giles County schedule $0.25 Gordonsville OC 100 H Orange County schedule $0.99 Gretna OC 100 H Pittsylvania County schedule $2.00 Grundy OC 100 H Buchanan County schedule $0.50 Halifax LV 100 H Halifax County schedule $1.68 Hallwood FV 100 E,F N/A $0.48 Hamilton OC 100 H Loudoun County schedule $1.10 Haymarket RV 100 H Prince William County schedule $0.60 Haysi OC 100 H Cost with 20% off each year $0.40 Hillsville LV 100 A, B 1 year 85%, 75%, 65%, 55%, 45%, $ %, 25%, 15%, 9 years and over 5% Hurt OC 100 H Pittsylvania County schedule $2.50 Independence LV 100 H Grayson County schedule $0.63 Iron Gate OC 100 H Alleghany County schedule $1.00 Ivor RV 100 F N/A $0.60 Jonesville TV 100 A N/A $0.25 Kenbridge WV 100 H Lunenburg County schedule $1.31 Keysville OC 100 H Charlotte County schedule $0.60 Kilmarnock OC 100 H Lancaster/Northumberland schedules $0.16 La Crosse LV 100 H Mecklenburg County schedule $1.05 Lawrenceville LV 100 F Brunswick County schedule $1.80 Lebanon OC 100 A, B, D, H Russell County schedule $0.75 Louisa OC 100 H Louisa County schedule $0.71 Luray LV 100 D Page County schedule $0.40 McKenney OC 100 H Dinwiddie County schedule $0.50 Middletown WV 100 C, E, F Frederick County schedule $1.25 Mineral WV 100 F N/A $0.60 Monterey OC 100 A, B, H Highland County schedule $0.35 Orange OC 100 H Orange County schedule $0.83 Pamplin RV 50 A, B, H Appomattox County schedule $1.00 Pearisburg RV 25 A Giles County schedule $0.938 Pembroke OC 100 H Giles County schedule $0.63 Pennington Gap TV 100 H Lee County schedule $0.20 Pound OC 100 H Wise County schedule $0.44 Pulaski OC 100 H Pulaski County schedule $0.80 Purcellville OC 100 H Loudoun County schedule $1.05 Remington LV 100 A, B 1 year 100%, 90%, 80%, 70%, 60%, $ %, 40%, 30%, 20%, 10 years and over 10% Rich Creek OC 100 H Giles County schedule $0.625 * See bottom of last page of Table 9.7 for key to abbreviations. 128 Tax Rates 2011

37 Table 9.7 Tangible Personal Property Tax Rates for Large Trucks Two Tons and Over, 2011 (continued) Tax Concepts and Tools Used for Tax Purposes Rate/$100 Percent Pricing Depreciation Schedule if No Assessed Locality Value of Value Guides Pricing Guide Available Value Towns (continued) Rocky Mount OC 25 H Franklin County schedule $0.51 Round Hill OC 100 H Loudoun County schedule $1.15 Rural Retreat OC 100 H Wythe County schedule $0.50 Saint Paul OC 100 A, H Wise County schedule $0.31 South Boston LV 100 H Halifax County schedule $2.00 South Hill LV 100 H Mecklenburg County schedule $1.05 Stanley RV 100 D N/A $0.75 Stephens City TV 100 H Frederick County schedule $1.00 Stony Creek RV 100 C Sussex County schedule $0.60 Strasburg OC 100 H Shenandoah County schedule $1.11 Surry OC 100 A Surry County schedule $0.60 Tappahannock LV 100 C Essex County schedule $1.25 Timberville LV 100 C,D N/A $0.30 Urbanna RV 35 H Middlesex County schedule $0.65 Victoria TV 100 A N/A $1.00 Vinton RV 100 A 1 year 70%, 60%, 50%, 40%, 30%, $ years and over 20% Wakefi eld OC 100 H Sussex County schedule $0.86 Warsaw LV 100 H Richmond County schedule $0.60 Waverley OC 100 C,D, H Sussex County schedule $1.85 West Point OC 100 F, H BV $3.30 Windsor LV 100 H Isle of Wight County schedule $0.50 Wise OC 100 H Wise County schedule $0.53 Woodstock OC 100 H Shenandoah County schedule $0.90 Wytheville RV 100 A Wythe County schedule $0.28 Key to abbreviations: A: NADA Offi cial Used Car Guide B: NADA Offi cial Older Used Car Guide C: Truck Blue Book D: Department of Motor Vehicles Reports E: MacLean Hunter Market Reports F: NADA Offi cial Commercial Truck Guide G: Blue Book, National Used Car Market Report H: Other Guide or Method I: Black Book BV: Book value FV: Finance value LV: Loan value MSRP: Manufacturer s suggested retail price OC: Original Cost OV: Other Value Concept RV: Retail value TV: Trade-in value WV: Wholesale Value Tangible Personal Property Tax 129

38 Table 9.8 Tangible Personal Property Taxes Related to Business Use for Heavy Tools and Machinery, Computer Hardware, and Generating Equipment, 2011 Heavy Tools Computer Generating & Machinery* Hardware* Equipment* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Cities (Note: All Cities responded to this survey. Those that answered not applicable to all items in this table are excluded.) Alexandria 1 year 80%, 70%, 60%, $ year 65%, 45%, 30%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 20%, 5% thereafter. 50%, 40%, 30%, 20% min. Bedford 52% OC $ % OC $ % OC $1.50 Bristol 10% OC $ % OC $7.00 N/A N/A Buena Vista 1 year 80% OC, 70%, $ year 80% OC, 70%, $ year 80% OC, 70%, $ %, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 20%, 10% min. 20%, 10% min. 20%, 10% min. min. value $100 min. value $100 min. value $100 Charlottesville 1 year 85%, 75%, 65% $ year 25%, 22.5%, $ year 25% OC, 22.5%, $ %, 45%, 35%, 20%, 17.5%, 15%, 20%, 17.5%, 15%, down to 10% min.; 12.5%, 10% min. 12.5%, 10% min. min. value $600 Chesapeake 20% OC; $ % OC; $ % OC; $3.20 min. value $370 min. value $370 min. value $470 Colonial Heights 1 year 70%, 60%, 50%, $ year 60%, 50%, 40%, $3.50 N/A N/A 40%, 30%, 20% min. 30%, 20% min. Covington 10% OC $ % OC $ % OC $5.60 min. value $200 min. value $200 min. value $200 Danville 1 year 60%, 50%, 40%, $ year 60%, 50%, 30%, $3.00 N/A N/A 30%, 20% min. 20%, 10% min. Emporia 30% OC $ year 50%, 45%, 40%, $5.00 N/A N/A 35%, 30%, 25%, then 20% to $200 min. Fairfax 1 year 80%, 70%, 60%, $ year 65%, 45%, 30%, $4.13 N/A N/A 50%, 40%, 30%, 10%, 2% min. 20%, 10% min. Falls Church 1 year 80%, 70%, 60%, $ year 70%, 50%, 35%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 10%, 10%, 5% min. 50%, 40%, 30%, 20% min. Franklin 25% OC; $ % OC; $4.50 N/A N/A min. value $100 min. value $100 Fredericksburg 1 year 90%, 80%, $ year 80%, 60%, $ year 90%, 80%, $ %, 60%, 45%, 40%, 20% min. 70%, 60%, 45%, 30%, 20% min. 30%, 20% min. Galax 50% OC $ % OC $1.68 N/A N/A Hampton 35% OC $ % OC $ % OC $4.25 Harrisonburg 1 year 90%, 80%, 70%, $ year 70%, 50%, 30%, $ year 90%, 80%, 70%, $ %, 50%, 40%, 30%; 15%, 10%, 5%, 2% min. 60%, 50%, 40%, 30% min. min. value $200 Hopewell New 60%, 50%, 40%, $3.50 New 60%, 50%, 40%, $3.50 N/A N/A 30%, 20% min. 30%, 20% min. Lexington 25% of BV to 10% OC $ % BV to 10% OC $ % BV to 10% OC $4.25 Lynchburg 1-5 years 30% OC; $ years 30% OC, $ years 30% OC, $ % min % min % min. Manassas 1 year 80%, 70%, 60%, $ year 50%, 35%, 20%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 10%, 5% min. 50%, 40%, 30%, 20% min. Manassas Park 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $3.50 N/A N/A 40%, 30%, 20% min. 10% min. Martinsville 25% OC $ year 70%, 50%, 30%, $ year 90%, 80%, 70%, $ %, 10%, 5% min. 60%, 50%, 40%, 30%,. 25% min. Newport News 33.3% OC; $ % OC; $4.25 N/A N/A min. value $50 min. value $50 Norfolk 40% OC $ % OC $ % OC $4.33 * See bottom of last page of Table 9.8 for key to abbreviations. 130 Tax Rates 2011

39 Table 9.8 Tangible Personal Property Taxes Related to Business Use for Heavy Tools and Machinery, Computer Hardware, and Generating Equipment, 2011 (continued) Heavy Tools Computer Generating & Machinery* Hardware* Equipment* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Cities (continued) Norton 10% OC $ % OC $1.85 N/A N/A Petersburg 1 year 40%, 35%, $ year 40%, 35%, 30%, $4.40 N/A N/A 30%, 25%, 20%; 25%, 20% min. min. value $200 Poquoson 30% OC $ % OC $ % OC $4.15 Portsmouth 1985-current 50% OC $ current 50% OC $ current 50% OC $ older 25% OC 1984-older 25% OC 1984-older 25% OC Radford N/A $1.76 N/A $1.76 N/A N/A Richmond 1 year 70%, 60%, 50%, $ year 70%, 60%, 30%, $ year 70%, 60%, 50%, $ %, 30%, 20% min. 15%, 10%, 5% min. 40%, 30%, 20% ($100 min.) Roanoke 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ %, then 20% to 30%, then 20% to 30%, then 20% to $100 min. $100 min. $100 min. Salem 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $ year 70%, 60%, 50%, $ %, 30%, 25% min 40%, 30%, 25% min. 40%, 30%, 25% min. Staunton 1 year 100%, 80%, 60%, $ year 100%, 80%, 60%, $ years 10%; $ %, 20% min. 40%, 20% min. then 0% Suffolk 15% OC $ % OC $ years: 20%, 10% min. $3.15 Virginia Beach 40% OC $ % OC $ % OC $3.70 Waynesboro 40% BV to 20% OC $ % BV to 20% OC $ % BV to 20% OC $5.00 Williamsburg 30% OC $ % OC $ % OC $3.50 Winchester 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%, 30% min. 50%, 40%, 30% min. 50%, 40%, 30% min. Counties (Note: All counties responded to this survey. Those that answered not applicable to items in this table are excluded.) Accomack 1 year 25%, 20%, $3.58-$ year 75%, 50%, $3.58-$3.75 N/A N/A 20%, 15%, then less 1% 25%, 15%, 5% min. yearly to 6% (min. $500) Albemarle 1 year 25%, 22.5%, 20%, $ year 25%, 22.5%, $ year 25%, 22.5%, 20%, $ %, 15%, 12.5%, 20%, 17.5%, 15%, 17.5%, 15%, 12.5%, 10% min. 12.5%, 10% min. 10% min. Alleghany 1 year 40%, 30%, $ % OC $ % OC $ : 20%, 6-10: 15%, 11-18: 10%, 19+: 5% Amelia 1 year 60%, 40%, 37%, $ year 60%, 40%, 37%, $4.00 N/A N/A 33%, 20% min. 33%, 20% min. Amherst 30%; min value $250 $ %; min. value $250 $3.25 N/A N/A Appomattox 12.5% OC $ year 50%, 40%, 30% $4.60 N/A N/A 20%, 10% min. Arlington 1 year 80%, 70%, 60%, $ year 65%, 45%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 30%, 10% min. 50%, 40%, 30%, 20% min. Augusta 1 year 40%, 30%, $ year 40%, 35%, 30%, $ year 40%, 35%, 30%, $ % min. 25%, 20%, 15%, 10%, 25%, 20%, 15%, 10%, 5%; min. $50 5%; min. $50 Bath 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $0.35 N/A N/A 60%, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 20%, 10% (min. $1,000) 20%, 10%; min. $1,000 Bedford 1 year 85%, 80%, 75%, $ year 85%, 80%, 75%, $ % OC $ %, 65%, 60%, 55%, 70%, 65%, 60%, 55%, 45%, 35%, 25% min. 45%, 35%, 25% min. Bland 1 year 50% less 5% $ % OC $2.29 N/A N/A each year to 25% min. Botetourt 1 year 90%, 70%, $ year 90%, 70%, $ year 90%, 70%, $ %, 30%, 10% min. 50%, 30%, 10% min. 50%, 30%, 10% min. Brunswick 25% OC $ % OC $ % OC $3.40 Buchanan 1-3: 80%, 4-6: 60%, $ year 90%, 75%, 65%, $ : 80%, 4-6: 60%, $ : 40%, 10+: 20% 40%, 20% min. 7-9: 40%, 10+: 20% Buckingham 1-9 years 15%, $ years 15%, $4.05 N/A N/A 10-19: 10%, 20+: 5% 10-19: 10%, 20+: 5% * See bottom of last page of Table 9.8 for key to abbreviations. Tangible Personal Property Tax 131

40 Table 9.8 Tangible Personal Property Taxes Related to Business Use for Heavy Tools and Machinery, Computer Hardware, and Generating Equipment, 2011 (continued) Heavy Tools Computer Generating & Machinery* Hardware* Equipment* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Campbell 0-10 years 25%, $ years 25%, $ % OC $ % min. 15% min. Caroline 1 year 50%, 45%, 40%, $ % OC $6.25 N/A N/A 35%, 30%, 25%, 20%, min. value $300 15%, then 10% min.; min. value $800 Carroll 1 year 90%, 85%, 80%, $ year 90%, 85%, 80%, $ year 90%, 85%, 75%, $ %, 60%, 50%, 40%, 70%, 60%, 50%, 40%, 65%, 55%, 45%, 35%, 35%, 30% min. 35%, 30% min. 30% min. Charles City 1 year 60%, 50%, $ year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ %, 30%, 20%, 10% min. 30%, 20%, 10% min. 30%, 20%, 10% min. Charlotte 30% OC $ % OC $3.00 N/A N/A Chesterfi eld 1 year 70%, 50%, 40%, $ year 50%, 40%, 20%, $ year 70%, 50%, 40%, $ %, 20%, 10% min. 10%, 5%, 1% min. 30%, 20%, 10% min. Clarke Depreciated value x 75% $4.69 Depreciated value x 75% $4.69 N/A $4.69 Craig 1 year 80%, 70%, 60%, $ year 50%, 30%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 20%, 10% min. 50%, 40%, 30%, 20% min. Culpeper 1 year 70%, 60%, 50% $ year 65%, 50%, 40% $ year 70%, 60%, 50% $ %, then 30% to 30%, then 20% to 40%, then 30% to $200 min. $200 min. $200 min. Cumberland 20% OC $ year 80%, 70%, 60% $ year 80%, 70%, 60%, $ %, 40%, 30%, 20%, 50%, 40%, 30%, 20%, 10% min. 10% min. Dickenson 1-3 years: 80%; $1.69 FMV $1.69 N/A N/A 4-6: 60%, 7-8: 40% 10+: 20% Dinwiddie 20%; min. value $100 $ %; min. value $100 $ % OC $4.90 Essex 10% OC $ % OC $ % OC $3.50 Fairfax 1 year 80%, 70%, 60%, $ year 50%, 35%, 20%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 10%, 2% min. 50%, 40%, 30%, 20% min. Fauquier 1 year 70%, 60%, 50%, $ year 60%, 40%, $ year 70%, 60%, 50%, $ %, 30%, 20%, 10% min. 20%, 10% min. 40%, 30%, 20%, 10% min. Floyd 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $2.95 N/A N/A 30%, 20% min. 30%, 20% min. Fluvanna 20% OC for 10 years $ % OC for 10 years $ % OC for 10 years $4.15 Franklin 1 year 75%, 65%, 55%, $ year 50%, 45%, 40%, $ year 50%, 45%, 40%, $ %; min. value $3,000 35%, 30%, 25%, 20% min. 35%, 30%, 25%, 20% min. Frederick 30% OC $ % OC $ % OC $4.86 Giles 50% OC $ % OC $1.91 N/A N/A Gloucester 1998-current: 30%, $ current: 30%, $ current: 30%, $ older: 10% 1997-older: 10% 1997-older: 10% Goochland 1 year 60%, 45%, $ year 60%, 45%, $ : 20%, 6-10: 15% $ %, 30%, 20% min. 37.5%, 30%, 20% min. 11+: 10% Grayson 1 year 75%, 70%, 65%, $ year 75%, 50%, 30%, $ year 75%, 70%, 65%, $ %, 55%, 50%, 45%, 40%, then 20% to $500 min. 60%, 55%, 50%, 45%, 40%, 35%, 30%, 25%, then 20% 35%, 30%, 25%, then 20% to $500 min. to $500 min. Greene 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $5.00 N/A N/A 50%, 40%, 30%, 20% min. 50%, 40%, 30%, 20% min. Greensville 20% OC $ year 50%, 45%, 40%, $4.50 N/A N/A 37.5%, 35%, 32.5%, 30%, 27.5%, 25%, 22.5%, 20%, 17.5%, 15% to $100 min. * See bottom of last page of Table 9.8 for key to abbreviations. 132 Tax Rates 2011

41 Table 9.8 Tangible Personal Property Taxes Related to Business Use for Heavy Tools and Machinery, Computer Hardware, and Generating Equipment, 2011 (continued) Heavy Tools Computer Generating & Machinery* Hardware* Equipment* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Halifax 1 year 70%, 60%, 50%, $ year 50%, 40%, 30%, $ current: 50% $ %, 30%, 20%, 10% min. 20%, 10%, 5%, 1% min older: 25%; idle 5% Hanover 1 year 60%, 50%, 40%, $ year 66%, 55%, 35%, $ year 60%, 50%, 40%, $ %, 20%, 10% min 24%, 5%, 1% min. 30%, 20%, 10% min. Henrico 1 year 80%, 75%, 64%, $ year 62%, 44%, 31%, $ year 80%, 77%, 70%, $ %, 45%, 36%, 27%, 22%, 16%, 4% min. 63%, 56%, 6-10: 25%, 20%, 15%, 8% min : 19%, 13-14:14%, 15+: 8% Henry 1 year 97%, 87%, 77%, $ year 71%, 60 %, 50%, $ year 97%, 87%, 77%, $ %, 57% 40%, 30%, 20% min. 67%, 57% Highland 1 year 40%, less 5% $ year 40%, less 5% $1.50 N/A N/A prior year to $100 min. prior year to $100 min. Isle of Wight 100% OC $ % OC $4.50 N/A N/A James City 25% OC $ % OC $ % OC $4.00 King & Queen 1 year 70% less 10% $ year 25% less 10% $3.94 N/A N/A from prior year to 0% from prior year to 0% King George 1 year 30%, 25%, $ year 30%, 25%, $ year 30%, 25%, $ %, 15%, then 10% 20%, 15%, then 10% 20%, 15%, then 10% to $200 min. to $200 min. to $200 min. King William 1 year 80%, 60%, 40%, $ year 80%, 60%, 40%, $3.65 N/A N/A 20%, 10% min. 20%, 10% min. Lancaster 100% FMV $ % FMV $1.52 N/A N/A Lee 1 year 90%, 80%, 70%, $ year 90%, 70%, 50%, $2.00 N/A N/A 60%, 50%, 40%, 30%, 40%, 30%, 20% min. 20% min. Loudoun 1 year 50%, 40%, 30%, $ year 50%, 40%, 30%, $ year 50%, 40%, 30%, $ %, 10% min. 20%, 10% min. 20%, 10% min. Louisa 1 year 75%, 70%, 60%, $ year 75%, 70%, 60%, $1.90 N/A N/A 50%, 40%, 30%, 20%, 50%,40%, 30%, 20%, 10% min. then 10% to $100 min. Lunenburg 1 year 50%, less 10% $ : 32.5%, 6-10: 27.5%, $3.60 N/A N/A every 5 years to 11-15: 25.5%, 16-20: 10% min. 17.5%, 21+: 12.5% Madison 10%, min. $200 $ % to min. $200 $ %, min. $200 $2.80 Mathews 100% BV $ % BV $ % BV $2.14 Mecklenburg 1 year 80%, 70%, 60%, $ year 80%, 50%, 40%, $3.26 Assessed by SCC $ %, 40%, 30%, 25%, 20%, 10%, 5% min. 15% min. Middlesex 10% OC $ % OC $3.50 N/A N/A Montgomery 1 year 80%, 60%, 50%, $ year 80%, 70%, $ year 80%, 70%, 60%, $ %, 20%, 10% min. 50%, 10% min. 50%, 40%, 20% min. Nelson 1 year 70%, less 10% $ % OC $ % OC $2.95 from prior year to 0% New Kent 1-3 years 55%, 4-6 $ year 60%, 35%, $3.75 N/A N/A years 30%, 10% min. 10% min. Northampton 1 year 70%, 60%, 50%, 40% $ year 70%, 60%, 50%, 40% $2.86 N/A N/A 25%,10% (min. $200) 25%,10%, min. $200 Northumberland 25% OC $ % OC $ % OC $3.60 Nottoway 1-3: 70%, 4-7: 60%, $ year 80%, 70%, 55%, $3.50 N/A N/A 30% min. 40%, 25%, 10% min. * See bottom of last page of Table 9.8 for key to abbreviations. Tangible Personal Property Tax 133

42 Table 9.8 Tangible Personal Property Taxes Related to Business Use for Heavy Tools and Machinery, Computer Hardware, and Generating Equipment, 2011 (continued) Heavy Tools Computer Generating & Machinery* Hardware* Equipment* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Orange 1 year 65%, 60%, $ year 65%, 60%, $ year 65%, 60%, $ %, 50%, 45%, 55%, 50%, 45%, 55%, 50%, 45%, 40%, 37%, 34%, 40%, 37%, 34%, 40%, 37%, 34%, 31%, 28%, 25% min. 31%, 28%, 25% min. 31%, 28%, 25% min. Page 1 year 72%, thereafter $ year 72%, thereafter $4.64 N/A N/A less 10% previous year less 10% previous year Patrick 1 year 95%, thereafter 10% $ year 95%, 70%, 50%, $1.71 N/A N/A less prior year to 25% 20%, 10% min. Pittsylvania 10% OC; $ year 30%, 27.5% 25%, $8.50 N/A $0.52 min. value $ %, 20%, 17.5%, 15%, 13.5%, 10%, 7.5%, 5% min. Powhatan 1 year 60%, 45%, 37.5%, $ yr. 60%, 45%, 37.5%, $ year 60%, 45%, 37.5%, $ %, then 20% to 30%, then 20% to 30%, then 20% to $100 min. $100 min. $100 min. Prince Edward 20% OC $ % OC $4.50 N/A N/A Prince George 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ %, 20% min. 30%, 20% min. 30%, 20% min. Prince William 1 year 85%, 75%, 65%, $ year 50%, 35%, 20%, $ year 85%, 75%, 65%, $ %, 45%, 35% min. 10%, 5% min. 55%, 45%, 35%, 25%, 15%, 10% min. Pulaski 1-5 years 60%, 6-10 $2.14 new 60%, 45%, 30%, $ years 60%, 6-10 $2.14 years 40%, 20% min. 30%, 2% min. years 40%, 20% min. Richmond 40% to min. $100 $ % to min. $100 $3.50 N/A N/A Roanoke 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ %, 20%, min. $100 20%, 10%, $100 min. 30%, 20%, min. $100 Rockbridge 1 year 50%, 40%, 30%, $ % OC $4.25 N/A N/A 20%, 10% min. Rockingham 1 year 90%, 80%, 70%, $ year 70%, 50%, 30%, $ year 90%, 80%, 70%, $ %, 50%, 40%, 30%, then 20% to $100 min. 60%, 50%, 40%, 30%, then 20% to $100 min. then 20% to $100 min. Russell 0-1: 90%, 2-3: 80%, $ :90%, 2-3: 80%, $1.65 N/A N/A 4-5: 70%, 6-7: 60%, 4-5: 70%, 6-7: 60%, 8-10: 50%, 11-14: 40%, 8-10: 50%, 11-14: 40%, 15+: 30% 15+: 30% Scott new 90%, 80%, 70%, $ year 50%, 35%, $0.72 new 90%, 80%, 70%, $ %, 50%, 40%, 30% min. 25%, 15%, 5% 60%, 50%, 40%, 30% min. Shenandoah 1 year 80%, 70%, $ year 55%, 50%, 45%, $3.15 N/A N/A 60%, 50%, 40%, 30%, 40%, 25%, 10% 20%, 10% ($50 min.) ($50 min.) Smyth 1 year 90%, 80%, 70%, $ year 80%, 60%, 40%, $2.25 N/A N/A 60%, 50%, 40%, 30%, 20% min. 20% min. Southampton 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $5.00 N/A N/A 50%, 40%, 30%, 20%, 50%, 40%, 30%, 20%, then 10% to $500 min. then 10% to $100 min. Spotsylvania 1 year 50%, 45%, 40%, $ year 50%, 45%, 40%, $ year 50%, 45%, 40%, $ %, 20% min. 30%, 20% min. 30%, 20% min. Stafford 1 year 35%, 30%, 25%, $ year 35%, 30%, 25%, $ year 35%, 30%, 25%, $ %, 15% min. 20%, 15% min. 20%, 15% min. * See bottom of last page of Table 9.8 for key to abbreviations. 134 Tax Rates 2011

43 Table 9.8 Tangible Personal Property Taxes Related to Business Use for Heavy Tools and Machinery, Computer Hardware, and Generating Equipment, 2011 (continued) Heavy Tools Computer Generating & Machinery* Hardware* Equipment* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Surry 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ %, 20% min. 30%, 20% min. 30%, 20% min. Sussex 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $4.85 N/A N/A 60%, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 20%, 10%; $130 min. 20%, 10%; $130 min. Tazewell 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% to 50%, 40%, 30%, 20% to 50%, 40%, 30%, 20% to $100 min. $100 min. $100 min. Warren 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $4.00 N/A $ %, 30%,20%, 10% min. 40%, 30%,20%, 10% min. Washington 1 year 90%, 80%, 70%, $ year 80%, 40%, $1.55 N/A N/A 60%, 50%, 40%, 30%, 20%; $100 min. 20%; $100 min. Westmoreland 80% FMV $ % FMV $ % FMV $3.00 Wise 1 year 90% less 10% $ year 50%, 20%, $1.49 N/A $1.49 yearly to 15% min. 15% min. Wythe 1-5 years 50%, 20% min. $ years 50%, 20% min. $ years 50%, 20% min $2.08 York 25% OC $ % OC $ % OC $4.00 Towns (Towns that answered not applicable for all items in this table are excluded. For a listing of town respondents and nonrespondents, see Appendix B.) Abingdon 50% $0.55 N/A $0.55 N/A N/A Altavista 1-10 yrs.: 25%, 11+: 15% $ yrs.: 25%, 11+: 15% $2.00 N/A $2.00 Amherst N/A $0.35 N/A $0.35 N/A N/A Appomattox 12.5% FMV $ % FMV $0.55 N/A N/A Ashland 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ %, 20%, 10% min. 30%, 20%, 10% min. 30%, 20%, 10% min. Blackstone 1 year 80%, 70%, 55%, $0.65 N/A $0.65 N/A $ %, 20%, 10% min. Bowling Green N/A $ % OC to $200 min. $1.20 N/A N/A Bridgewater Done by Rockingham Co. $0.75 Done by Rockingham Co. $0.75 N/A N/A Brookneal N/A $1.70 N/A N/A N/A N/A Burkeville N/A N/A N/A $0.70 N/A $0.70 Cape Charles N/A $1.00 N/A $2.00 N/A N/A Chilhowie N/A $ year 80%, 60%, 40%, $0.30 N/A N/A 20%, min. $5.00 Christiansburg 1 year 80%, 60%, 50%, $ year 80%, 60%, 50%, $0.45 N/A N/A 30%, 20%, 10% min. 30%, 20%, 10% min. Clarksville N/A $1.65 N/A $ % $1.65 Clintwood % OC $0.30 % OC $0.30 % OC $0.30 Coeburn Done by Wise County $0.40 Done by Wise County $0.40 N/A N/A Culpeper 1 year 70%, 60%, $ year 65%, 50%, 40% $ year 70%, 60%, $ %, 40%, 30% min. 30%, 20% min. 50%, 40%, 30% min. Dillwyn N/A $0.28 N/A N/A N/A N/A Drakes Branch Done by Charlotte Co. $0.37 Done by Charlotte Co. $0.37 Done by Charlotte Co. $0.37 Dublin 100% OC $ % $ % $0.50 Edinburg N/A $0.85 N/A $0.85 N/A N/A Floyd N/A $0.25 N/A $0.25 N/A N/A Front Royal 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $0.64 N/A N/A 40%, 30%, 20%, 10% min. 40%, 30%, 20%, 10% min. Gordonsville N/A $0.24 N/A $0.24 N/A $0.24 Hamilton N/A $1.10 N/A $1.10 N/A N/A * See bottom of last page of Table 9.8 for key to abbreviations. Tangible Personal Property Tax 135

44 Table 9.8 Tangible Personal Property Taxes Related to Business Use for Heavy Tools and Machinery, Computer Hardware, and Generating Equipment, 2011 (continued) Heavy Tools Computer Generating & Machinery Hardware Equipment Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Towns (continued) Haymarket 1 year 80%, 65%, 50% $ year 50%, 40%, 30%, $ year 85%, 75%, 65%, $ %, 20%, 10% min. 20%, 10% min. 55%, 45%, 35%, 25%, 15%, 10% min. Haysi N/A $0.40 N/A $0.40 N/A $0.40 Hillsville 1 year 90%, 85%, 80%, $ year 90%, 85%, 80%, $ year 90%, 85%, 80%, $ %, 60%, 50%, 40%, 70%, 60%, 50%, 40%, 70%, 60%, 50%, 40, 35%, 35%, 30% min. 35%, 30% min. 30% min. Independence N/A $0.63 N/A $0.63 N/A $0.63 Iron Gate 1 year 40%, 30%, $ % $ % $ : 20%, 6-10: 15%, 11-18: 10%, 19+: 5% Kilmarnock Done by Lancaster Co. $0.16 Done by Lancaster Co. $0.16 Done by Lancaster Co. $0.16 & Northumberland Co. $0.40 & Northumberland Co. $0.40 & Northumberland Co. $0.40 Lebanon 1 year 90%, less 20% $ year 90%, less 20% $ year 90%, less 20% 0.75 annually to 50% min. annually to 50% min. annually to 50% min. Leesburg N/A $1.00 N/A $1.00 N/A $1.00 Luray 1 year 72%, less 10% $ year 72%, less 10% $0.40 N/A N/A yearly; $100 min. yearly; $100 min. McKenney N/A $0.50 N/A $0.50 N/A N/A Middleburg Done by Loudoun Co. $1.00 Done by Loudoun Co. $1.00 N/A N/A New Market 1 year 90%, less by 10% $0.80 N/A $0.80 N/A N/A yearly to 10% min. Orange N/A $0.83 N/A $0.83 N/A $0.83 Pamplin N/A $1.00 N/A $1.00 N/A $1.00 Pearisburg 50% OC $ % OC $0.938 N/A N/A Pennington Gap N/A N/A 100% $0.25 N/A N/A Pulaski 1-5 years 60% OC, $ years 60% OC, $ years 60% OC, $ years 40%, 6-10 years 40%, 6-10 years 40%, 20% min. 20% min. 20% min. Purcellville N/A $0.55 N/A $0.55 N/A N/A Rocky Mount Done by Franklin Co. $0.51 Done by Franklin Co. $0.51 Done by Franklin Co. $0.17 Round Hill N/A N/A N/A $1.15 N/A N/A Smithfi eld 40% OC $0.15 N/A $0.15 N/A N/A South Boston 10% $ % $ % $2.00 South Hill N/A N/A Done by Mecklenburg Co. $1.05 N/A N/A Stanley N/A $0.45 N/A $0.45 N/A N/A Tappahannock 100% FMV $ % FMV $1.25 N/A N/A Vinton 1 year 60%, 50%, 40% $ year 60%, 50%, 40% $1.00 N/A $ %, 20% min. 20%, 10% min. Warrenton 1 year 70%, 60%, 50% $ year 70%, 60%, 50% $ year 70%, 60%, 50% $ %, 30%, 20%, 10% min. 40%, 30%, 20%, 10% min. 40%, 30%, 20%, 10% min. Waverly N/A $1.06 N/A $1.85 N/A $1.06 West Point N/A $3.30 N/A $3.30 N/A $3.30 Windsor N/A $0.10 N/A $0.50 N/A N/A Wise N/A $0.53 N/A N/A N/A N/A Woodstock 1 year 90%, 80%, 70%, $ year 55%, 50%, 45%, $0.90 N/A $ %, 50%, 40%, 30%, 40%, 25%, 10% min. 20%, 10% min. Wytheville 1-5 years: 50%, $ years: 50%, $ years: 50%, $ : 20% 6+: 20% 6+: 20% Key to abbreviations: BV: Book Value; DC: Depreciated Cost; DS: Depreciation Schedule; FMV: Fair Market Value; OC: Original Cost 136 Tax Rates 2011

45 Table 9.9 Tangible Personal Property Taxes Related to Business Use for Research and Development, Furniture and Fixtures, and Biotechnology Equipment, 2011 Research & Development* Furniture & Fixtures* Biotechnology* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Cities (Note: All cities responded to this survey. Those that answered not applicable to all items in this table are excluded.) Alexandria 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 50%, 40%, 30%, 20% min. 50%, 40%, 30%, 20% min. Bedford 52% OC $ % OC $ % OC $1.50 Bristol 10% OC $ % OC $7.00 N/A N/A Buena Vista 1 year 80%, less 10% prior $ year 80%, less 10% prior $ year 80%, less 10% prior $5.85 year s value to 10% min. year s value to 10% min. year s value to 10% min. min. value $100 min. value $100 min. value $100 Charlottesville 1 year 25%, 22.5%, 20%, $ year 25%, 22.5%, 20%, $4.20 N/A N/A 17.5%,15%, 12.5%, 17.5%, 15%, 12.5%, 10% min. 10% min. Chesapeake 20% OC; min. $370 $ % OC; min. $370 $ % OC; min. $370 $4.08 Colonial Heights N/A N/A 1 year 60%, 50%, 40%, $ %, 20% min. Covington 10% OC; min. $200 $ % OC; min. $200 $ % OC; min. $200 $5.60 Danville N/A N/A 1 year 60%, 50%, 40%, $3.00 N/A N/A 30%, 20% min. Emporia N/A N/A 1 year 50%, 45%, 40%, 35%, $5.00 N/A N/A 30%, 25%, 20% min. Fairfax N/A $ year 80%, 70%, 60%, $4.13 N/A N/A 50%, 40%, 30%, 20%, 10% min. Falls Church 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%,30%, 20% min. 50%, 40%,30%, 20% min. 50%, 40%,30%, 20% min. Franklin N/A N/A 25% OC $4.50 N/A N/A Fredericksburg 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $3.40 N/A N/A 60%, 45%,30%, 20% min. 60%, 45%, 30%, 20% min. Galax N/A N/A 50% OC $1.68 N/A N/A Hampton 35% OC $ % OC $ % OC $4.25 Harrisonburg 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ %, 50%, 40%, 30% min. 60%, 50%, 40%, 30% min. 60%, 50%, 40%, 30% min. Hopewell New 60%, 50%, 40%, $3.50 New 60%, 50%, 40%, $3.50 New 60%, 50%, 40%, $ %, 20% min. 30%, 20% min. 30%, 20% min. Lexington N/A N/A 25% BV to 10% OC $4.25 N/A N/A Lynchburg 1-5 years 30%, 25.35% min. $ years 30%, 25.35% min. $ years 30%, 25.35% min. $3.80 Manassas 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 30%, 20% min. 50%, 40%, 30%, 20% min. 50%, 40%, 30%, 20% min. Manassas Park N/A N/A 1 year 70%, 60%, $3.50 N/A N/A 50%, 40%, 30%, 20% min. Martinsville 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ %, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 25% min. 25% min. 25% min. Newport News N/A N/A 33.3% OC $4.25 N/A N/A Norfolk 40% OC $ % OC $ % OC $4.33 Norton N/A N/A 10% OC $1.85 N/A N/A Petersburg N/A N/A 1 year 40%, 35%, 30%, $4.40 N/A N/A 25%, 20% min. Poquoson 30% OC $ % OC $ % OC $4.15 Portsmouth 1985-current 50%, $ current 50%, $5.00 N/A N/A 1984-older 25% 1984-older 25% Radford N/A $1.76 N/A $1.76 N/A N/A * See bottom of last page of Table 9.9 for key to abbreviations. Tangible Personal Property Tax 137

46 Table 9.9 Tangible Personal Property Taxes Related to Business Use for Research and Development, Furniture and Fixtures, and Biotechnology Equipment, 2011 (continued) Research & Development* Furniture & Fixtures* Biotechnology* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Cities (continued) Richmond N/A N/A 1 year 70%, 60%, 50%, 40%, $3.70 N/A N/A 30%, 20% min. Roanoke 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ %, then 20% to 30%, then 20% to 30%, then 20% to min. $100 min. $100 min. $100 Salem 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $ year 70%, 60%, 50%, $ %, 30%, 25% min. 40%, 30%, 25% min. 40%, 30%, 25% min. Staunton N/A $ year 100%, 80%, $2.00 N/A %, 40%, 20% min. Suffolk % OC then 10% $ % OC $ % OC $4.25 Virginia Beach 40% OC $ % OC $ % OC $3.70 Waynesboro 40% BV to 20% OC min. $ % BV to 20% OC $ % BV to 20% OC $5.00 Williamsburg 30% OC $ % OC $3.50 N/A N/A Winchester 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%, 30% min. 50%, 40%, 30% min. 50%, 40%, 30% min. Counties (Note: All counties responded to this survey. Those that answered not applicable to all items are excluded.) Accomack N/A N/A 1 year 50%, 45%, $3.58-$3.75 N/A N/A 43%, 41%, 39%, 37%, 35%, 33%, 31%, 29%, 27%, 25%, 23%, 20% min. to $500 Albemarle 1 year 25%, 22.5%, 20%, $ year 25%, 22.5%, 20%, $ year 25, 22.5%, 20%, $ %,15%, 12.5%, 17.5%, 15%,12.5%, 17.5%, 15%,12.5%, 10% min. 10% min. 10% min. Alleghany 15% OC $ % OC $ % OC $5.95 Amelia N/A N/A 1 year 60%, 40%, 37%, $4.00 N/A N/A 33%, 20% min. Amherst N/A N/A 30% OC $3.25 N/A N/A Appomatox N/A N/A 0-5 years: 50%, 6-10: 40%, $4.60 N/A N/A 11-15: 30%,16+: 15% Arlington 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 50%, 40%, 30%, 20% min. 50%, 40%, 30%, 20% min. Augusta 1 year 40%, 35%, 30%, $ year 40%, 35%, 30%, $ year 40%, 35%, 30%, $ %, 20%, 15%, 10%, 25%, 20%, 15%,10%, 25%, 20%, 15%,10%, 5% (min. $50) 5%; min. $50 5%; min. $50 Bath N/A N/A 1 year 90%, 80%, 70%, $0.35 N/A N/A 60%, 50%, 40%, 30%, 20%, 10%; min. $1,000 Bedford 1 year 100%, 95%, 90%, $ year 100%, 95%, 90%, $ year 100%, 95%, 90%, $ %, 80%, 75%, 70%, 85%, 80%, 75%, 70%, 85%, 80%, 75%, 70%, 65%, 60%, 55%, 50%, 65%, 60%, 55%, 50%, 65%, 60%, 55%, 50%, 45%, 40%, 35%, 30% min. 45%, 40%, 35%, 30% min. 45%, 40%, 35%, 30% min. Bland N/A N/A 50% OC $2.29 N/A N/A Botetourt 1 year 90%, 70%, 50%, $ year 90%, 70%, 50%, $ year 90%, 70%, 50%, $ %, 10% min. 30%, 10% min. 30%, 10% min. Brunswick 25% OC $ % OC $ % OC $3.40 Buchanan N/A N/A 1-3 yrs.: 80%, 4-6: 60%, $1.95 N/A N/A 7-9: 40%, 10+: 20% Buckingham N/A N/A 1-9 yrs: 15%, 10-19: 10% $4.05 N/A N/A 20+: 5% Campbell 1-10 years 25%, 15% min. $ years 25%, 15% min. $3.85 N/A N/A Caroline N/A N/A 20% OC $6.25 N/A N/A Carroll 1 year 90%, 85%, 80%, $ year 90%, 85%, 80%, $1.60 N/A $ %, 60%, 50%, 40%, 70%, 60%, 50%, 40%, 35%, 30% min. 35%, 30% min. Charles City 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ %, 20%,10% min. 30%, 20%,10% min. 30%, 20%,10% min. Charlotte N/A N/A 45% OC to 10% min. $3.00 N/A N/A * See bottom of last page of Table 9.9 for key to abbreviations. 138 Tax Rates 2011

47 Table 9.9 Tangible Personal Property Taxes Related to Business Use for Research and Development, Furniture and Fixtures, and Biotechnology Equipment, 2011 (continued) Research & Development* Furniture & Fixtures* Biotechnology* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Chesterfield 1 year 70%, 50%,40%, $ year 70%, 50%, 40%, $ year 70%, 50%, 40%, $ %, 20%, 10% min. 30%, 20%, 10% min. 30%, 20%, 10% min. Clarke N/A $4.69 Depreciated value x 75% $4.69 Depreciated value x 75% $4.69 Craig 1 year 80%, 70%, 60%, $ year 50%, 30%, 20%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 10% min. 50%, 40%, 30%, 20% Culpeper 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $3.50 N/A N/A 40%, 30% min. 40%, then 30% to $200 min. Cumberland 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%,30%, 20%, 50%, 40%, 30%, 20%, 50%, 40%, 30%, 20%, 10% min. 10% min. 10% min. Dickenson N/A N/A FMV $1.69 N/A N/A Dinwiddie N/A N/A 20% OC $4.90 N/A N/A Essex 10% OC; min. value $100 $ % OC $ % OC $3.50 Fairfax 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 50%, 40%, 30%, 20% min. 50%, 40%, 30%, 20% min. Fauquier 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $2.30 N/A N/A 40%, 30%, 20%,10% min. 40%, 30%, 20%,10% min. Floyd N/A N/A 1 year 60%, 50%, 40%, $2.95 N/A N/A 30%, 20% min. Fluvanna 1-10 years 20%, then 0% $ : 20% OC, then 0% $ : 20% OC, then 0% $4.15 Franklin 1 year 50%, 45%, 40%, $ year 50%, 45%, 40%, $2.04 N/A $ %, 30%, 25%, 20% min. 35%, 30%, 25%, 20% min. Frederick 1 year 60% OC, 50%, $ % OC $ % OC $ %, 30%; min. value $200 Giles N/A N/A 50% OC $1.91 N/A N/A Gloucester 1998-current: 30% OC $ current: 30%, $2.60 N/A N/A 1997-older: 10% 1997-older: 10% Goochland 1-5 yrs.: 20%, 6-10: 15% $ year 60%, 45%, 37.5%, $ yrs.: 20%, 6-10: 15% $ : 10% 30%, 20% min. 11+: 10% Grayson 1 year: 75%, 70%, 65%, $ year: 75%, 70%, 65%, $ year: 75%, 70%, 65%, $ %, 55%, 50%, 45%, 40% 60%, 55%, 50%, 45%, 40% 60%, 55%, 50%, 45%, 40% 35%, 30%, 25%, 20% min. 35%, 30%, 25%, 20% min. 35%, 30%, 25%, 20% min. Greene N/A N/A 1 year 80%, 70%, 60%, $5.00 N/A N/A 50%, 40%, 30%, 20% min. Greensville N/A N/A 1 year 50%, 45%, 40%, $4.50 N/A N/A 37.5%, 35% 32.5%, 30%, 27.5%, 25%, 22.5%, 20%, 17.5%, 15% min. Halifax 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $ year 70%, 60%, 50%, $ %, 30%, 20%, 10% min. 40%, 30%, 20%, 10% min. 40%, 30%, 20%, 10% min. Hanover 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ year 66%, 55%, 35%, $ %, 20%, 10% min. 30%, 20%, 10% min. 24%, 5%, 1% min. Henrico 1 year 80%, 75%, 64%, $ year 80%,75%, 64%, $ year 80%, 75%, 64%, $ %, 45%, 36%, 28%, 54%, 45%, 36%, 28%, 54%, 45%, 36%, 28%, 21%, 15%, 7% min. 21%, 15%, 7% min. 21%, 15%, 7% min. Henry 1 year 97% OC, 87%, $ year 97% OC, 87%, $1.48 N/A N/A 77%, 67%, 57% 77%, 67%, 57% Highland N/A N/A 1 year 40%, less 5% each $1.50 N/A N/A year. Isle of Wight N/A N/A 40% OC $4.50 N/A N/A James City 25% OC $ % OC $ % OC $4.00 King & Queen N/A N/A 1 year 25%, 22.5%, $3.94 N/A N/A 20.3%, 18.2%, less 10% of previous year King George 1 year 30%, 25%, 20%, $ year 30%, 25%, 20%, $ year 30%, 25%, 20%, $ %, 10% min. 15%, 10% min. 15%, then 10% to $200 min. King William N/A N/A 1 year 80%, 60%, 40%, $3.65 N/A N/A 20%, 10% min. * See bottom of last page of Table 9.9 for key to abbreviations. Tangible Personal Property Tax 139

48 Table 9.9 Tangible Personal Property Taxes Related to Business Use for Research and Development, Furniture and Fixtures, and Biotechnology Equipment, 2011 (continued) Research & Development* Furniture & Fixtures* Biotechnology* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Lancaster N/A N/A BV $1.52 N/A N/A Lee N/A N/A 1 year 90%, 80%, 70%, $2.00 N/A N/A 60%, 50%, 40%, 30%, 20% min. Loudoun 1 year 50%, 40%, 30%, $ year 50%, 40%, 30%, $ year 50%, 40%, 30%, $ %, 10% min. 20%, 10% min. 20%, 10% min. Louisa N/A N/A 1 year 90%, 80%, 70%, $1.90 N/A N/A 60%, 50%, 40%, 30%, 25% min. Lunenburg N/A N/A 1-5 yrs.: 32.5%, 6-10: 27.5%, $3.60 N/A N/A 11-15: 22.5% 16-20: 17.5%, 21+: 12.5% Madison N/A N/A BV to 10%; $200 min. $2.80 N/A N/A Mathews 100% BV $2.14 BV $2.14 BV $2.14 Mecklenburg N/A N/A 1 year 80%, 60%, 50%, $3.26 N/A N/A 40%, 30%,20%, 15% min. Middlesex N/A N/A 35% OC $3.50 N/A N/A Montgomery 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $2.45 N/A N/A 50%, 40%, 30% min. 50%, 40%, 30% min. Nelson 15% OC $ % OC $ % OC $2.95 New Kent 1-3 years 55%, $ years 55%, $ years 55%, $ years 30%,10% min. 4-6 years 30%,10% min. 4-6 years 30%,10% min. Northampton 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $4.10 N/A N/A 40%, 25%, 10% min. 40%, 25%, 10% min. Northumberland 40% OC $ % OC $ % OC $3.60 Nottoway N/A N/A N/A 3.50 N/A N/A Orange 1 year 66.6%, 63.3%, $ year 66.6%, 63.3%, $2.20 N/A N/A 60%, 56.6%, 53.3%, 50%, 60%, 56.6%, 53.3%, 50%, 46.6%, 43.3%, 40%, 46.6%, 43.3%, 40%, 36.6%, 33.3% min. 36.6%, 33.3% min. Page N/A N/A 1 year 72%, less 10% $4.64 N/A N/A prior year to $100 min. Patrick N/A N/A 1 year 95%, 85.5%, 77%, $1.71 N/A N/A 69.3%, 62%, 56%, 50.5%, 45.4%, 41%, 36.8%, 33%, 29.8%, 26.8%, 25% min. Pittsylvania 1 year 30%, 27.5%, 25%, $ year 30%, 27.5%, 25%, $ year 30%, 27.5%, 25%, $ %, 20%, 17.5%, 15%, 23.5%, 20%, 17.5%, 15%, 23.5%, 20%, 17.5%, 15%, 13.5%, 10%, 7.5%, 5% min. 13.5%, 10%, 7.5%, 5% min. 13.5%, 10%, 7.5%, 5% min. Powhatan 1 year 60%, 45%, 37.5%, $ year 60%, 45%, 37.5%, $ year 60%, 45%, 37.5%, $ %, 20% min. to $100 30%, 20% min. 30%, 20% min. Prince Edward 20% OC $ % OC $ % OC $4.50 Prince George 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $4.00 N/A N/A 30%, 20% min. 30%, 20% min. Prince William 1 year 85%, 75%, 65%, $ year 85%, 75%, 65%, $3.70 N/A N/A 55%, 45%, 35%, 25%, 55%, 45%, 35%, 25%, 15%, 10% min. 15%, 10% min. Pulaski 1-5 years 60%, $ years 60%, $ years 60%, $ years 40%, 20% min years 40%, 20% min years 40%, 20% min. Richmond N/A N/A 1 year 40% to min. $100 $3.50 N/A N/A * See bottom of last page of Table 9.9 for key to abbreviations. 140 Tax Rates 2011

49 Table 9.9 Tangible Personal Property Taxes Related to Business Use for Research and Development, Furniture and Fixtures, and Biotechnology Equipment, 2011 (continued) Research & Development* Furniture & Fixtures* Biotechnology Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Roanoke N/A N/A 1 year 60%, 50%, 40%, $3.50 N/A N/A 30%, then 20% to $100 min. Rockbridge 25% OC $ % OC $4.25 N/A N/A Rockingham 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $2.80 N/A N/A 60%, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 20% min. to $100 20% min. to $100 Russell N/A N/A 0-1: 90%, 2-3: 80%, $1.65 N/A N/A 4-5: 70%, 6-7: 60%, 8-10: 50%,11-14: 40%, 15+: 30% Scott New 90%, 80%, 70%, 60%, $0.72 New 90%, 80%, 70%, 60%, $0.72 N/A N/A 50%, 40%, 30% min. 50%, 40%, 30% min. Shenandoah 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $3.15 N/A N/A 50%, 40%,30%, 20%, 50%, 40%, 30%, 20%, 10% min. 10% min. Smyth N/A N/A 1 year 90%, 80%, 70%, $2.25 N/A N/A 60%, 50%,40%, 30%, 20% min. Southampton N/A N/A 1 year 80%, 70%, 60%, $5.00 N/A N/A 50%, 40%,30%, 20%, 10% min. Spotsylvania 1 year: 50%, 45%, 40%, $ year: 50%, 45%, 40%, $5.95 N/A N/A 30%, 20% min. 30%, 20% min. Stafford 1 year 35%, 30%, 25%, $ year 35%, 30%, 25%, $ year 35%, 30%, 25%, $ %, 15% min. 20%, 15% min. 20%, 15% min. Surry 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ year 60%, 50%, 40%, $ %, 20% min. 30%, 20% min. 30%, 20% min. Sussex N/A N/A 1 year 90%, 80%, 70%, $4.85 N/A N/A 60%, 50% 40%, 30%, 20%, 10% min. Tazewell 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20% min. 50%, 40%, 30%, 20% min. 50%, 40%, 30%, 20% min. min. value $100 min. value $100 min. value $100 Warren N/A N/A 1 year 70%, 60%, 50%, $4.00 N/A N/A 40%, 30%, 20%, 10% min. Washington 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $1.55 N/A N/A 60%, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 20% min. to $100 20% min. Westmoreland 80% FMV $ % FMV $ % FMV $3.00 Wise N/A $ year 90% $1.49 N/A N/A Wythe 1-5 years 50%, 20% min. $ years 50%, 20% min. $ years 50%, 20% min. $2.08 York 25% OC; min. $100 $ % OC; min. $100 $ % OC; min. $100 $4.00 Towns (Towns that answered not applicable for all items in this table are excluded. For a listing of town respondents and non-respondents, see Appendix B.) Abingdon N/A N/A N/A $0.55 N/A N/A Altavista N/A N/A 1-10 yrs.: 25%, 11+: 15% $2.00 N/A N/A Amherst N/A N/A N/A $0.35 N/A N/A Ashland 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $0.77 N/A N/A 30%, 20%, 10% min. 30%, 20%,10% min. Blackstone N/A $0.65 N/A $0.65 N/A N/A Bowling Green N/A N/A 20% OC $1.20 N/A N/A Bridgewater N/A N/A Done by Rockingham Co. $0.75 N/A N/A Burkeville N/A N/A N/A $0.70 N/A N/A Cape Charles N/A N/A N/A $2.00 N/A N/A Chilhowie N/A $ % OC $0.30 N/A N/A * See bottom of last page of Table 9.9 for key to abbreviations. Tangible Personal Property Tax 141

50 Table 9.9 Tangible Personal Property Taxes Related to Business Use for Research and Development, Furniture and Fixtures, and Biotechnology Equipment, 2011 (continued) Research & Development* Furniture & Fixtures* Biotechnology Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Towns (continued) Chincoteague N/A N/A N/A $0.85 N/A N/A Christiansburg N/A N/A 1 year 80%, 70%, 60%, $0.45 N/A N/A 50%, 40%, 30% min. Clarksville N/A $1.65 N/A $1.65 N/A N/A Clifton Forge N/A N/A FMV $3.35 N/A N/A Clintwood N/A N/A N/A $0.30 N/A N/A Coeburn N/A N/A Done by Wise Co. $0.40 N/A N/A Culpeper 1 year 70%, 60%, $ year 70%, 60%, $1.00 N/A N/A 50%, 40%, 30% min. 50%, 40%, 30% min. Dillwyn N/A N/A $0.28 N/A N/A Drakes Branch Done by Charlotte Co. $0.37 Done by Charlotte Co. $0.37 Done by Charlotte Co. $0.37 Dublin N/A $ % $0.50 N/A N/A Eastville N/A N/A N/A $0.025 N/A N/A Edinburg N/A N/A N/A $0.85 N/A N/A Floyd N/A N/A N/A $0.25 N/A N/A Front Royal N/A N/A N/A $0.64 N/A N/A Gordonsville N/A $0.24 N/A $0.24 N/A $0.24 Hamilton N/A N/A N/A $1.10 N/A N/A Haymarket 1 year 85%, 75%, 65%, $0.60 N/A $0.60 N/A N/A 55%, 45%, 35%, 25%, 15%, 10% min. Haysi 10% OC $0.40 N/A $0.15 N/A N/A Hillsville 1 year 90%, 85%, 80%, $ year 90%, 85%, 80%, $0.72 N/A N/A 70%, 60%, 50%, 40%, 70%, 60%, 50%, 40%, 35%, 30% min. 35%, 30% min. Independence N/A $0.63 N/A $0.63 N/A $0.63 Iron Gate 40% OC $ % OC $1.00 N/A N/A Kilmarnock Done by Lancaster and $0.16 Done by Lancaster and $0.16 Done by Lancaster and $0.16 Northumberland Cos. $0.40 Northumberland Cos. $0.40 Northumberland Cos. $0.40 Lebanon Less 20% annually to 0.75 N/A $0.75 N/A % min. Leesburg N/A $1.00 N/A $1.00 N/A $1.00 Luray N/A N/A 1 year 72%, less 10% $0.40 N/A N/A of previous year to $100 McKenney N/A N/A N/A $0.50 N/A N/A Middleburg N/A N/A Done by Loudoun Co. $1.00 N/A N/A Orange N/A $0.83 N/A $0.83 N/A N/A Pamplin N/A N/A N/A $1.00 N/A N/A Pearisburg N/A N/A 50% OC $0.938 Pennington Gap N/A N/A N/A $0.25 N/A N/A Pound N/A $0.44 N/A N/A N/A N/A Purcellville N/A N/A N/A $0.55 N/A N/A Rocky Mount Done by Franklin County $0.17 Done by Franklin County $0.51 Done by Franklin County $0.17 Round Hill N/A N/A N/A $1.15 N/A N/A Rural Retreat N/A N/A 70%, less 10% annually $0.50 N/A N?A to 20% min. Smithfi eld N/A N/A N/A $1.00 N/A N/A South Boston 10% OC $ % OC $ % OC $2.00 South Hill N/A N/A Done by Mecklenburg Co. $1.05 N/A N/A Stanley N/A N/A N/A $0.75 N/A N/A * See bottom of last page of Table 9.9 for key to abbreviations. 142 Tax Rates 2011

51 Table 9.9 Tangible Personal Property Taxes Related to Business Use for Research and Development, Furniture and Fixtures, and Biotechnology Equipment, 2011 (continued) Research & Development* Furniture & Fixtures* Biotechnology Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Towns (continued) Vinton 1 year 60%, 50%, 40%, $ year 60%, 50%, 40%, $1.00 N/A N/A 30%, 20% min. 30%, 20% min. Warrenton 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $1.00 N/A N/A 40%, 30%, 20%, 10% min. 40%, 30%, 20%, 10% min. N/A N/A Waverly N/A N/A N/A $1.85 N/A N/A West Point BV $3.30 BV $3.30 N/A N/A Windsor N/A N/A N/A $0.10 N/A N/A Wise N/A N/A N/A $0.53 N/A N/A Woodstock N/A $0.90 N/A N/A N/A N/A Wytheville 1-5: 50%, 20% min. $0.28 N/A $0.28 N/A N/A Key to abbreviations: BV: Book Value; DC: Depreciated Cost; FMV: Fair Market Value; OC: Original Cost Tangible Personal Property Tax 143

52 Table 9.10 Tangible Personal Property Taxes for Livestock and Farm Property, 2011 Livestock* Farm* Locality Basis Rate/$100 Basis Rate/$100 Cities (Note: All cities responded to this survey. Those that answered not applicable to all items in this table are excluded.) Chesapeake 12% OC; min. $370 $ % OC; min $370 $4.08 Franklin N/A N/A 25% OC; min. $100 $4.50 Fredericksburg N/A N/A 1 year 90%, 80%, 70%, $ %, 45%, 30%, 20% min. Harrisonburg 20% OC $ % OC $2.00 Newport News N/A N/A 33.3% OC $4.25 Counties (Note: All cities responded to this survey. Those that answered not applicable to all items in this table are excluded.) Accomack a N/A N/A 15%, 14%, 13%, $3.58-$ %, 11%, 10%, 9%, 8%, 7%, 6%, 5%, 4% to $500 min. value Alleghany 5% FMV $5.95 5% OC $5.95 Caroline N/A N/A 10%; min. $125 $6.25 Carroll N/A N/A 1 yr. 90%, 85%, 80%, $ %, 60%, 50%, 40% 35%, 30% min. Charles City 100% FMV $ % FMV; $3.50 $200 min. value Charlotte N/A N/A 30% $3.00 Clarke N/A N/A Depreciated value x 25% $4.69 Essex N/A N/A 10% OC $3.50 Henry 71% OC $ % OC $1.48 Highland N/A N/A 1 year 40%, less 5% $1.50 prior year to $100 min. King & Queen N/A N/A 70%, less 10% each year $1.10 Lancaster 100% $ % $1.52 Lunenburg N/A N/A 50% OC less 10% every $ years to 10% min. Madison N/A N/A 100% for 2 years $2.80 Mathews N/A N/A 70% $2.14 Middlesex $200 per head $ % OC $3.50 Northampton N/A N/A 1 year 70%, 60%, 50%, $ %, 25%, 10% min. Northumberland 10% OC $ % OC $3.60 Prince William N/A N/A 1 year 85%, 75%, $ b 65%, 55%, 45%, 35%, 25%, 15%, 10% min. Richmond N/A $ % OC; $3.50 min. value $100 Rockingham N/A N/A 8 year, 10% str. line $0.44 Southampton Hogs $30/head; $5.00 LV $1.95 cows $50/head; Seasonal equip. LV $1.25 horses $100/head Sussex Varies $4.85 N/A N/A Washington N/A N/A 1 year 90%, 80%, 70%, $ %, 50%, 40%, 30%, 8-10: 20%, then 0% Westmoreland Assess per head: $ year 80% OC, less $1.25 $800 cattle; $1,000 bulls 10% each year to $100 min. * See bottom of last page of Table 9.10 for key to abbreviations. a Accomack County divides itself into several districts. The tax rates vary among districts: District 2 (Atlantic), $3.75; Districts 3 (Metompkin), 4 (Lee), and 5 (Pungoteague), $3.72; District 6 (Chincoteague), $3.58. District 1 (Islands), no longer exists. b Rate verifi ed by Prince William County. 144 Tax Rates 2011

53 Table 9.10 Tangible Personal Property Taxes for Livestock and Farm Property, 2011 (continue) Livestock Farm Locality Basis Rate/$100 Basis Rate/$100 Towns (Towns that answered not applicable for all items in this table are excluded. For a listing of town respondents and nonrespondents, see Appendix B.) Chilhowie N/A N/A Done by Smyth Co. $0.30 Colonial Beach N/A N/A Done by Westmoreland Co. $2.60 Gordonsville N/A N/A Done by Orange Co. $0.24 Haysi N/A N/A Done by Dickenson Co. $0.40 Hillsville N/A N/A Done by Carroll Co. $0.72 Kilmarnock Done by Lancaster Co. $0.16 Done by Lancaster Co. $0.16 and Northumberland Co. $0.40 and Northumberland Co. $0.40 Lebanon N/A N/A Done by Russell Co. $0.75 Rocky Mount Done by Franklin Co. $0.51 Done by Franklin Co. $0.51 Stanley N/A N/A Done by Page Co. $0.45 Stony Creek N/A N/A Done by Sussex Co. $0.60 Tappahannock N/A N/A Done by Essex Co. $1.25 Windsor N/A N/A Done by Isle of Wight Co. $0.10 Wise N/A N/A Done by Wise Co. $0.53 Key to Abbreviations: BV: Book Value; DC: Depreciated Cost; FMV: Fair Market Value; LV: Loan Value; OC: Original Cost Tangible Personal Property Tax 145

54 Table 9.11 Tangible Personal Property Taxes for Boats and Aircraft, 2011 Boats & Watercraft Private Pleasure Boats Over 5 Tons* & Watercraft* Aircraft* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Cities (Note: All cities responded to this survey. Those that answered not applicable for all items in the table are excluded.) Alexandria Commercial boats $4.75 OC $0.01 N/A N/A Bedford 100% BV $ % BV $ % BV $2.43 Bristol N/A N/A 11% OC $ % OC $7.00 Buena Vista 1 year 80% OC, 70%, $ year 80% OC, 70%, $ year 80% OC, 70%, $ %, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 20%, 10% min. 20%, 10% min. 20%, 10% min. min. value $100 min. value $100 Charlottesville ABOS; min. value $100 $4.20 ABOS; min. value $100 $4.20 N/A N/A Chesapeake ABOS $0.09 ABOS $ % OC $0.58 min. value $16,670 min. value $16,670 min. value $2,590 Colonial Heights 1 year 90%, thereafter $ year 90%, thereafter $3.50 N/A N/A less 10% prior year s less 10% prior year s value; min. $30 value; min. $30 Covington N/A N/A NADA 55% RV $5.60 N/A N/A min. value $200 Danville N/A $3.00 N/A $3.00 N/A $0.30 Emporia 30% OC $5.00 N/A N/A N/A N/A Fairfax OC $4.13 OC $4.13 OC $4.13 Falls Church ABOS, % OC $4.84 ABOS, % OC $4.84 N/A N/A Franklin N/A N/A 25% OC $4.50 N/A N/A min. value $100 Fredericksburg N/A N/A 1 year 90%, 80%, 70%, $2.99 N/A N/A 60%, 45%, 30%, 20% min. Galax N/A $1.68 N/A N/A N/A N/A Hampton 1 year 80%, thereafter $1.00 a 1 year 80%, there- $1.00 a 1 year 80%, thereafter $1.00 less 10% prior yr. value after less 10% prior yr. less 10% prior yr. value min. value $100 min. value $100 min. value $100 Harrisonburg 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ %, 50%, 40%, 30% min. 60%, 50%, 40%, 30% min. 60%, 50%, 40%, 30% min. Hopewell 1 year: 35%, 2-7: 30%, $3.50 ABOS: 35% RV $3.50 New: 60%, 1 yr. 50%, $ :25%, 14-22: 15% 40%, 30%, 20% min. 23+: 10% Lynchburg ABOS $3.80 ABOS $ yr. 90%, 70%, 60%, 50%, $3.80 min. value $100 min. value $100 40%, 30%, 20%, 10% then 90% previous year to $100 Manassas DS $3.25 NADA $3.25 Aircraft Blue Book RV $ b Manassas Park NADA or % OC $3.50 NADA or % OC $3.50 N/A N/A Martinsville ABOS $2.30 NADA or % OC $2.30 N/A N/A min. value $125 min. value $125 Newport News 1 year 85%, thereafter $0.90 ABOS or % OC $1.00 Aircraft Digest: 100% BV $2.10 less 5% of prior year s min. value $200 min. value $1,000 min. value $10,000 Norfolk ABOS ; commercial $1.50 ABOS $0.50 c 20% of base avg. $2.40 craft only from Blue Book. min. $250 Norton FMV $1.85 FMV $1.85 N/A N/A Petersburg ABOS $4.40 ABOS $4.40 N/A N/A Poquoson ABOS $1.50 ABOS $1.50 N/A N/A Portsmouth ABOS $0.50 ABOS $ % OC $5.00 Radford NADA $2.44 NADA $2.44 N/A N/A Richmond OC; min. value $100 $3.70 OC; min. value $100 $3.70 N/A N/A * See bottom of last page of Table 9.11 for key to abbreviations. a Hampton City reports that the rate only applies to commercial craft. Non-commercial craft have a rate of $ /$100. b Rate verifi ed by Manassas City. c Norfolk City reports that the rate applies to non-commercial/pleasure boats of all sizes. 146 Tax Rates 2011

55 Table 9.11 Tangible Personal Property Taxes for Boats and Aircraft, 2011 (continued) Boats & Watercraft Private Pleasure Boats Over 5 Tons* & Watercraft* Aircraft* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Cities (continued) Roanoke ABOS $3.45 ABOS $3.45 OC; min. value $100 $1.06 Salem New 90%, 80%, 70%, $3.20 New 90%, 80%, 70%, $3.20 New 90%, 80%, 70%, $ %, 50%, 40%, 60%, 50%, 40%, 60%, 50%, 40%, 30%, 25% min. 30%, 25% min. 30%, 25% min. Staunton 7 year str. line to 15% min. $ year str. line to 15% min. $ year str. line to 15% min. N/A Suffolk ABOS $1.50 ABOS $ % OC $0.58 Virginia Beach NADA marine $1.50 NADA marine $ d 1-10 yrs.: 3%, 11+: 1.5% $3.70 Waynesboro 1 year 40%, 30%, 20% min. $ year 40%, 30%, 20% min. $ year 40%, 30%, 20% min. $5.00 Williamsburg N/A N/A LV $3.50 N/A N/A Winchester N/A N/A NADA TV $4.50 N/A N/A Counties (Note: All counties responded to this survey. Those that answered not applicable for all items in the table are excluded.) Accomack e 1 year 30%, 28%, $3.58- ABOS or NADA $3.58- Aircraft Blue Book $ %, 24%, 22%, 20%, $3.75 $3.75 $ %,16%, 14%,12%, 10%, 8%, 6%, 4%, 2% min. Albemarle 1 year 90%, thereafter $ year 90%, thereafter $ % OC; 90% of prior $ % of prior year s 90% of prior year s assessed value thereafter value to $200 min. value to $200 min. min. value $1, : fl at $ : fl at $100 Alleghany N/A N/A 20% OC $ % OC $5.95 Amelia BV $4.00 N/A N/A BV $4.00 Amherst 1 year 80%, thereafter $ year 80%, thereafter $3.25 N/A N/A less 10% prior year s less 10% prior year s value to $250 min. value to $250 min. Appomattox 50% avg. RV $ % avg. RV $ % avg. RV $4.60 Arlington NADA or % OC $5.00 NADA or % OC $5.00 Aircraft Blue Book $5.00 min. value $100 min. value $100 Augusta OC $1.90 OC $1.90 OC $1.90 Bath 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ %, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 20%, 10%; min. $1,000 20%, 10%; min. $1,000 20%, 10%; min. $1,000 Bedford ABOS $2.35 ABOS $2.35 N/A $2.35 Bland N/A $2.29 % OC $2.29 % OC $2.29 Botetourt 1 year 90%, 70%, 50%, $ year 90%, 70%, 50% $ year 90%, 70%, 50%, $ %, 10% min. 30%, 10% min. 30%, 10% min. Brunswick ABOS $3.40 ABOS $ % OC $3.40 Buchanan 1 year 85%,70%, 60%, $ year 85%, 70%, 60%, $1.95 FMV $ %, 40%, 35%, 25%, 50%, 40%, 35%, 25%, 15%, 10% min. 15%, 10% min. Buckingham NADA $4.05 NADA $4.05 NADA $0.55 Campbell 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 13.9%, 12.4%, $ %, 25%, 20% min. 30%, 25%, 20% min. 10.8%, 9.3%, 7.7%, 6.2% min. Caroline N/A N/A 40% ABOS $ year 45%, 40%, 35% $6.25 min. payment: 200% of 30%, 25%, 20%, 15%, tax rate or $ %; min. $1,250 Carroll 1 year 85%, 75%, $ year 85%, 75%, $ year 60%, 55%, $ %, 55%,45%, 65%, 55%,45%, 50% min. 40%, 35%, 30% min. 40%, 35%, 30% min. Charles City 100% ABOS $ % ABOS $ year 60%, 50%, 40%, $ %, 20%, 10% min. Charlotte 85% to 10% min. $ % to 10% min. $ % to 10% min. $3.00 * See bottom of last page of Table 9.11 for key to abbreviations. d Rate verifi ed by Virginia Beach City. e Accomack County divides itself into several districts. The tax rates vary among districts: District 2 (Atlantic), $3.75; Districts 3 (Metompkin), 4 (Lee), and 5 (Pungoteague), $3.72; District 6 (Chincoteague), $3.58. District 1 (Islands), no longer exists. Tangible Personal Property Tax 147

56 Table 9.11 Tangible Personal Property Taxes for Boats and Aircraft, 2011 (continued) Boats & Watercraft Private Pleasure Boats Over 5 Tons* & Watercraft* Aircraft* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Chesterfi eld 1 year 70%, 50%, 40%, $ year 70%, 50%, 40%, $3.60 Aircraft Blue Book $ %, 20%, 10% min. 30%, 20%, 10% min. Clarke 75% to 20% over $ % to 20% over $ % WV $ years 6 years from Aircraft Blue Book Craig N/A N/A 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 20%; 50%, 40%, 30%, 20% min. min. $200 Culpeper 100% low-trade ABOS $ % low-trade ABOS $1.50 Aircraft Blue Book $0.63 min. value $100 min. value $100 min. value $2,000 Cumberland 1 year 80%, then less $ year 80%, then less $4.50 Aircraft Blue Book $ % prior value to 20% min. 10% prior value to 20% min. Dickenson N/A N/A BV $1.69 N/A N/A Dinwiddie Marine Blue Book $4.90 Marine Blue Book $4.90 Aircraft Blue Book $0.50 min. value $100 min. value $100 min. value $100 Essex 50% FMV $ % FMV $ % FMV $3.50 Fairfax OC $0.01 OC $0.01 OC $0.01 Fauquier 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $1.50 Aircraft Blue Book $0.001 f 40%, 30%, 20%, 10% min. 40%, 30%, 20%, 10% min. Floyd 1 year 70%, thereafter $ year 70%, thereafter $ year 70%, thereafter $2.70 less 10% prior year s less 10% prior year s less 10% prior year s value, 20% min. value, 20% min. value, 20% min. Fluvanna 100% avg. TV $4.15 Marine Blue Book $ years: 20% OC $4.15 Franklin 100% low BV $ % low BV $ % low BV $2.04 Frederick N/A N/A Blue Book or NADA $4.86 Aircraft Blue Book $0.01 Giles 100% $ % $1.91 N/A N/A Gloucester 40% OC $1.00 ABOS WV $ % OC $2.60 Goochland 1 year 60%, 45%, $ year 60%, 45%, $ year 60%, 45%, $ %, 30%, 20% min. 37.5%, 30%, 20% min. 37.5%, 30%, 20% min. Grayson FMV; min. value $500 $1.75 FMV; min value $500 $1.75 N/A $1.75 Greensville 1 year 50%, 45%, 40%, $ year 50%, 45%, 40%, $ year 50%, 45%, 40%, $ %, 35%, 32.5%, 30%, 37.5%, 35%, 32.5%, 30%, 37.5%, 35%, 32.5%, 37.5%, 35%, 32.5%, 30%, 37.5%, 35%, 32.5%, 30%, 30%, 27.5%, 25%, 20%, 17.5%, 15% min. 20%, 17.5%, 15% min. 22.5%, 20%, 17.5%, 15% min. Halifax 1 year 80%, less 10% $ year 80%, less 10% $ year 80%, less 10% $3.60 each year to 10% min. each year to 10% min. each year to 10% min. Hanover ABOS $3.57 Marine Blue Book $3.57 Aircraft Blue Book $0.50 min. value $300 min. value $300 Henrico New 75%, 60%, 50%, $3.50 New 75%, 60%, 50%, $3.50 New 75%, 60%, 50%, $ %, 30%, 20% min. 40%, 30%, 20% min. 40%, 30%, 20% min. Henry NADA TV $1.48 NADA TV $ % OC $1.48 Highland N/A N/A 1 year 40%, 5% $1.50 N/A N/A depreciation per year, to $300 min. Isle of Wight ABOS $1.00 ABOS $1.00 Aircraft Blue Book LV $1.00 James City 50% BV $ % BV $ % BV $4.00 King & Queen Used WV $3.94 Used WV $ % RV $3.94 King George 1 year 50%, less 5% $ year 50%, less 5% $3.20 N/A N/A each year to 10% min. each year to 10% min. King William NADA guide $3.65 NADA guide $3.65 Airpac Guide $1.30 Lancaster 100% $ % $ % FMV $1.52 Lee 100% FMV $ % FMV $ % FMV $2.00 Loudoun 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $4.20 Blue Book: avg. WV $ %, 30%, 20% min. 40%, 30%, 20% min. Louisa N/A N/A NADA WS $ % FMV Blue Book $0.48 Lunenburg N/A N/A 100% TV $ % FMV $2.10 Madison 100%; min. value $200 $ %; min. value $200 $ %; min. value $200 $2.80 * See bottom of last page of Table 9.11 for key to abbreviations. f Rate verifi ed by Fauquier County. 148 Tax Rates 2011

57 Table 9.11 Tangible Personal Property Taxes for Boats and Aircraft, 2011 (continued) Boats & Watercraft Private Pleasure Boats Over 5 Tons* & Watercraft* Aircraft* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Mathews ABOS $1.45 ABOS $ % BV $2.14 Mecklenburg 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ year 80%, 70%, 60%, $ %, 40%, 30%, 50%, 40%, 30%, 50%, 40%, 30%, 25%, 15% min. 25%, 15% min. 25%, 15% min. Middlesex 35% RV $ % RV $ % RV $3.50 Montgomery 1 year 80%, 60%, 50%, $ year 80%, 60%, 50%, $ year 80%, 60%, 50%, $ %, 20%, 10% min. 30%, 20%, 10% min. 30%, 20%, 10% min. New Kent 75% NADA $3.75 NADA $ % RV $0.75 Northampton ABOS $0.99 ABOS $ % WV $4.10 Northumberland 20% OC $ % avg. RV $ % OC $3.60 Nottoway 1 year 80%, 70%, 55%, $ year 80%, 70%, 55%, $ year 80%, 70%, 55%, $ %, 25%, 10% min. 40%, 25%, 10% min. 40%, 25%, 10% min. Orange ABOS $2.09 ABOS $2.09 Aircraft Blue Book $0.55 Page 1 year 72% OC, 10% $ year 72% OC, 10% $4.64 Aircraft Blue Book $0.50 depreciation per year depreciation per year min. value $100 min. value $100 min. value $100 Patrick 1 year 95%, thereafter $ year 95%, thereafter $ year 95%, thereafter $ % from previous year 10% from previous year 10% from previous year to 25% min. to 25% min. to 25% min. Pittsylvania 30% used WV $ % used WV $ yr. 30%, 27.5%, 25%, $ %, 20%, 17.5%, 15% 13.5%, 10%, 7.5%, 5% min. Powhatan 100% FMV to $100 min. $ % FMV to $100 $ % FMV to $100 min. $3.60 Prince Edward N/A N/A NADA LV $4.50 Based on year, model, $4.50 and condition Prince George New 60%, 50%, 40%, $4.00 NADA $4.00 New 60%, 50%, 40%, $ %, 20% min. 30%, 20% min. Prince William OC $ g OC $ g Commuter $ g Pulaski 1-5 years 60%, 6-10 $2.14 ABOS $ % OC $2.14 years 40%, 20% min. Rappahannock NADA $4.20 NADA $4.20 N/A $4.20 Richmond N/A N/A NADA $ year 40% (min. $200) $3.50 Roanoke NADA $3.50 NADA $3.50 N/A $3.50 Rockbridge BV (min. $100) $4.25 BV (min. $100) $4.25 N/A $4.25 Rockingham 8 year 10% straight line, $ year 10% straight line, $ year 10% straight line, $2.80 $100 min. $100 min. $100 min. Russell 1-2 yrs.: 80%, 3-4: 60%, $ yrs.: 80%, 3-4: 60%, $ yrs.: 80%, 3-4: 60%, $ :50%, 7-10: 40%, 5-6:50%, 7-10: 40%, 5-6:50%, 7-10: 40%, 11-14:30%, 15+: 20% 11-14:30%, 15+: 20% 11-14:30%, 15+: 20% Shenandoah 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ %, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 20%, 10% min. to $50 20%, 10% min. to $50 20%, 10% min. to $100 Smyth N/A $2.25 N/A $2.25 N/A $1.40 Southampton 1 year 80%, 70%, 60%, $ year 80%, 70%, 60%, $5.00 N/A N/A 50%, 40%, 30%, 20% 50%, 40%, 30%, 20%, 10% min. 10% min. Spotsylvania 1 year 50%, 45%, 40%, $ year 50%, 45%, 40%, $ year 50%, 45%, 40%, $ %, 20% min. 30%, 20% min. 30%, 20% min. Stafford 40% avg. RV $ % avg. ABOS RV $ % avg. RV N/A Surry ABOS; min. value $100 $4.00 ABOS; min. value $50 $ % base Aircraft Blue $4.00 Book less 10% annually; min. value $200 Sussex NADA WV to $130 $4.85 NADA WV to $130 $4.85 OC less 10% annually; $4.85 min. value $130 * See bottom of last page of Table 9.11 for key to abbreviations. g Rate verifi ed by Prince William County Tangible Personal Property Tax 149

58 Table 9.11 Tangible Personal Property Taxes for Boats and Aircraft, 2011 (continued) Boats & Watercraft Private Pleasure Boats Over 5 Tons* & Watercraft* Aircraft* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Tazewell NADA $2.00 NADA $ year 80%; 70%, 60%, $ %, 40%, 30%, 20% min. Warren 100% $ %; min. value $750 $ %; min. value $1,000 $0.50 Washington NADA $1.55 NADA $1.55 Aircraft Blue Book $1.55 Westmoreland 50% RV $ % RV $ % FMV $3.00 Wise N/A N/A ABOS TV $1.49 Aircraft Blue Book LV $1.49 Wythe 1 year 70%, 60%, 50%, $ year 70%, 60%, 50%, $2.08 DC $ %, 30%, 20% min. 40%, 30%, 20% min. York 1 year 80%, less 10% $ % ABOS BV $4.00 N/A N/A each year thereafter Towns (Towns that answered not applicable for all items in this table are excluded. For a listing of town respondents and nonrespondents, see Appendix B.) Abingdon NADA LV $0.55 NADA LV $0.55 Aircraft Blue Book LV $0.55 Accomac Done by Accomack Co. $0.10 Done by Accomack Co. $0.10 N/A N/A Altavista 1 yr. 80%, 70%, 60% $ yr. 80%, 70%, 60%, $ yr. 13.9%, 12.4%, 10.8% $ %, 25%, 20% min. 50%, 25%, 20% min. 9.3%, 7.7%, 6.2% min. Amherst 1 year 80%, thereafter $ year 80%, thereafter $0.35 N/A N/A less 10% prior year less 10% prior year Appalachia N/A N/A N/A $0.70 N/A N/A Appomattox N/A N/A 100% FMV $0.55 N/A N/A Ashland ABOS $0.77 ABOS $0.77 Aircraft Blue Book $0.77 Blackstone 1 year 80%, 70%, 55%, $ year 80%, 70%, 55%, $0.65 Done by Nottoway Co. $ %, 20%, 10% min. 40%, 20%, 10% min. Bluefi eld N/A $0.60 N/A $0.60 N/A N/A Bowling Green N/A N/A 40% NADA RV $1.20 N/A N/A Bridgewater N/A N/A Done by Rockingham Co. $0.75 N/A N/A Brookneal N/A $1.70 N/A $1.70 N/A N/A Charlotte CH N/A N/A N/A $0.10 N/A N/A Chase City 100% $1.16 N/A N/A N/A N/A Chilhowie FMV; $5 min. $0.20 FMV; $5 min. $0.20 FMV; $5 min. $0.20 Chincoteague Done by Accomack Co. $0.85 Done by Accomack Co. $0.85 N/A N/A Christiansburg 1 year 80%, 60%, 50%, $0.45 N/A N/A 1 year 80%, 60%, 50%, $ %, 20%, 10% min. 30%, 20%, 10% min. Clarksville 100% $ % $ % $1.65 Clintwood Depreciation schedule $0.30 Depreciation schedule $0.30 N/A $0.30 Coeburn Done by Wise County $0.40 Done by Wise County $0.40 N/A N/A Courtland Done by Southampton Co. $1.14 Done by Southampton Co. $1.14 N/A N/A Culpeper 100% ABOS TV $ % ABOS TV $1.00 N/A N/A Dillwyn N/A $0.28 N/A $0.28 N/A N/A Dublin 100% $ % $ % $0.50 Edinburg N/A N/A Done by Shenandoah Co. $0.75 N/A N/A Gordonsville N/A $0.24 N/A $0.24 N/A $0.24 Gretna N/A $2.00 N/A $2.00 N/A N/A Hallwood N/A $0.45 N/A $0.45 N/A N/A Hamilton Done by Loudon Co. $1.10 Done by Loudoun Co. $1.10 N/A N/A Haymarket Prince William County $0.60 Prince William County $0.60 Prince William County $0.60 Haysi 100% appraisal value $ % appraisal value $ % appraisal value $0.40 Hillsville 85%, 75%, 65%, 55%, $ %, 75%, 65%, 55%, $ year 60%, 55%, 50% min. $ %, 40%, 35%, 45%, 40%, 35%, 30% min. 30% min. Independence N/A $0.63 N/A $0.63 N/A N/A Iron Gate 40% $7.50 N/A N/A N/A N/A Kilmarnock h Done by Lancaster/ $0.16/ Done by Lancaster/ $0.16/ Done by Lancaster/ $0.16/ Northumberland Cos. $0.40 Northumberland Cos. $0.40 Northumberland Cos. $0.40 La Crosse Mecklenburg County $1.05 Mecklenburg County $1.05 N/A N/A Lebanon N/A N/A 100% $0.75 N/A N/A Leesburg N/A $1.00 N/A $1.00 N/A $0.001 Louisa 100% $ % $ % $0.71 Onley 100% FMV $ % FMV $0.30 N/A N/A * See bottom of last page of Table 9.11 for key to abbreviations. h Kilmarnock Town falls in two counties. The fi rst tax rate applies to Lancaster County, the second to Northumberland County. 150 Tax Rates 2011

59 Table 9.11 Tangible Personal Property Taxes for Boats and Aircraft, 2011 (continued) Boats & Watercraft Private Pleasure Boats Over 5 Tons* & Watercraft* Aircraft* Locality Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Towns (continued) Orange Done by Orange Co. $0.83 Done by Orange Co. $0.83 Done by Orange Co. $0.83 Pamplin N/A N/A N/A $1.00 N/A N/A Pearisburg N/A N/A 45% OC $0.938 N/A N/A Pulaski NADA $0.80 NADA $ % OC $0.80 Rocky Mount Done by Franklin Co. $0.51 Done by Franklin Co. $0.51 Done by Franklin Co. $0.51 Rural Retreat 1 year 70%, less 10% $ year 70%, less 10% $0.50 N/A N/A each year to 20% min. each year to 20% min. Smithfi eld OC $0.25 OC $0.25 N/A N/A South Boston N/A N/A OC, 10% depreciation $2.00 N/A N/A per year, 15% min. South Hill 100% $ % $1.05 N/A N/A Stanley N/A $0.75 N/A $0.75 N/A N/A Strasburg N/A $1.11 N/A $1.11 N/A N/A Surry N/A N/A NADA $0.60 N/A N/A Tappahannock 100% FMV $ % FMV $ % FMV $1.25 Urbanna N/A N/A NADA $0.65 N/A N/A Vinton Done by Roanoke Co. $1.00 Done by Roanoke Co. $1.00 Done by Roanoke Co. $1.00 Virgilina FMV $0.10 N/A N/A N/A N/A Wakefi eld N/A $0.86 N/A $0.86 N/A $0.86 Warrenton N/A N/A N/A N/A N/A $1.00 Warsaw 100% $ % $0.60 N/A N/A Waverly N/A $1.85 N/A $1.85 N/A $1.85 West Point BV $3.30 BV $3.30 N/A N/A Windsor N/A $0.50 N/A $0.50 N/A N/A Wise N/A N/A OC $0.53 N/A N/A Woodstock Done by Shenandoah Co. $0.90 Done by Shenandoah Co. $0.90 Done by Shenandoah Co. $0.90 Wytheville Done by Wythe Co. $0.28 Done by Wythe Co. $0.28 Done by Wythe Co. $0.28 Key to abbreviations: ABOS: Anderson Bugg Outdoor Service Guide BUC: BUC Used Boat Pricing Guide BV: Book Value DC: Depreciated Cost FMV: Fair Market Value LV: Loan Value OC: Original Cost RV: Retail Value TV: Trade-in Value WV: Wholesale Value Tangible Personal Property Tax 151

60 Table 9.12 Tangible Personal Property Taxes for Antique Motor Vehicles, Recreational Vehicles, and Mobile Homes, 2011 Antique Motor Vehicles* Recreational Vehicles* Mobile Homes* Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Cities (Note: All cities responded to this survey. Those that answered not applicable for all items in this table are excluded.) Alexandria OC $0.01 OC $4.75 N/A N/A Bedford NADA $ % BV $ % BV $0.86 Bristol 30% NADA LV $ % OC $7.00 SF # $1.05 Buena Vista N/A N/A 1 year 80%, 70%, 60%, $5.85 Wingate Appraisal Guide $ %, 40%, 30%, 20%, 10% min. Charlottesville min. value $250 $ year 85% OC, less $4.20 Wingate Appraisal Guide $0.95 unless tax exempt 10% prior year value min. value: $600 Chesapeake N/A N/A Pricing Guide; $950 min. $1.58 SF # $1.05 and model year min. value: $1,430 Colonial Heights Assessed at $500 $ year 90% OC, less $3.50 N/A N/A 10% prior year value Covington Assessed at $200 $ % NADA RV to $200 $5.60 Wingate Appraisal Guide $0.66 min. value: $200 Danville 95% of price $3.00 N/A $3.00 SF # $0.77 Emporia 30% OC $ % OC $5.00 Assessed as personal $0.77 property Fairfax N/A N/A OC $4.13 N/A N/A Falls Church N/A N/A NADA $4.84 N/A N/A Franklin $100 fl at rate $ year 80% OC, less $4.50 N/A N/A 10% each year to $100 Fredericksburg N/A N/A 1 year 90%, 80%, 70%, $2.99 FMV $ %, 45%, 30%, 20% min. Galax N/A N/A 90%, 80%, 70%, 60%, $1.68 N/A $ %, 40%, 30% min. Hampton N/A N/A NADA $1.00 a Wingate Appraisal Guide $1.04 Harrisonburg Old Car Price Guide $3.00 OC or NADA to $100 $3.00 FMV $0.59 Hopewell N/A N/A Price Digest $3.50 SF # $0.99 Lexington N/A N/A NADA TV $4.25 Wingate Appraisal Guide $0.70 Lynchburg N/A N/A 1 yr. 90%, 70%, 60%, 50%, $3.80 SF # $ %, 30%, 20%, then 10% min. value: $100 to $100 min. Manassas 1979 and prior $ NADA $3.25 Wingate Appraisal Guide $1.226 assessed at $100 Manassas Park % OC or min. $200 fee $3.50 OC or NADA $3.50 N/A N/A Martinsville NADA LV $2.30 NADA TV $2.30 N/A N/A Newport News $200 min. value $ % NADA BV $1.00 SF # $1.10 Norfolk N/A N/A NADA $1.50 Wingate Appraisal Guide $1.11 min. value: $250 Norton FMV $ year 85%, less 10% $1.85 SF # $0.80 prior year value to 30% min. Petersburg N/A N/A 100% ABOS $4.40 Wingate Appraisal Guide $1.35 Poquoson $250 min. value $ % BV $1.50 AV $0.81 Portsmouth LV (low average) $5.00 NADA $1.50 Blue Book $1.21 Radford N/A N/A NADA $2.44 FMV $0.76 Richmond N/A N/A OC $3.70 N/A $1.20 min. value: $100 Roanoke N/A N/A Intertec TV $3.45 Wingate Appraisal Guide $1.19 Salem N/A N/A New 90%, 80%, 70%, 60%, $3.20 Wingate Appraisal Guide $ %, 40%, 30%, 25% min. Staunton N/A N/A NADA or 7 years straight $2.40 Wingate Appraisal Guide $0.90 line to 10% Suffolk N/A N/A NADA $1.50 Wingate Appraisal Guide $0.91 * See bottom of last page of Table 9.12 for key to abbreviations. # The locality determines assessed value by multiplying the number of square feet by a value per square foot based on the age and condition of the unit. a Hampton City reports the rate applies only to vehicles associated with business. 152 Tax Rates 2011

61 Table 9.12 Tangible Personal Property Taxes for Antique Motor Vehicles, Recreational Vehicles, and Mobile Homes, 2011 (continued) Antique Motor Vehicles* Recreational Vehicles* Mobile Homes* Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Cities (continued) Virginia Beach N/A N/A NADA $1.50 SF # $0.89 Waynesboro N/A N/A 1 yr. 40%, 30%, 20% min. $5.00 Wingate Appraisal Guide $0.75 Williamsburg Antique plates no charge $3.50 LV $3.50 Taxed as real estate $0.54 Winchester NADA or $200 min. $4.50 NADA TV $4.50 AV $0.65 Counties (Note: All counties responded to this survey. Those that answered not applicable for all items in this table are excluded.) Accomack N/A N/A NADA $3.58-$3.75 b Mobile Home Guide $0.38-$0.46 b min. value: $1,000 Albemarle : flat $250 $ yr. 90%, 90% of prior $4.28 SF # $ : fl at $750 year thereafter; min. $750 $1,500 min : fl at $250 Alleghany Min. value $100 $ % OC $5.95 SF # $0.64 Amelia BV N/A BV $4.00 SF # $0.43 Amherst N/A N/A 1 yr. 90%, less 10% $3.25 N/A $0.52 previous year value Appomattox N/A N/A 50% avg. RV $4.60 Mobile Home Guide $0.495 Arlington 1989 and prior $5.00 OC or NADA to $100 $5.00 N/A N/A assessed at $100 Augusta BV $ yr. 40%, 35%, 30%, 25%, $1.90 FMV $ %, 15%,10%, 5% min. Bath 100% avg. TV $0.35 N/A $0.35 AV $0.55 Bedford N/A N/A TV $ % avg. FMV $0.50 Bland N/A N/A % OC $2.29 SF # $0.55 Botetourt Avg. LV $2.55 Avg. LV $2.55 AV $0.65 Brunswick LV $3.40 WV $3.40 FMV $0.39 Buchanan FMV $ yr. 85%, 70%, 60%, $1.95 SF # $ %, 40%, 35%, 25%, 15%, 10% min. Buckingham 1 yr. 80%, then 90% $4.05 NADA $4.05 Mobile Home Guide $0.44 of previous yr. Campbell N/A N/A 1 year 29.25%, 26%, $3.85 Wingate Appraisal Guide $ %,19.5,0%, 16.25%, 13% min. Caroline N/A $ % NADA $6.25 N/A $0.53 $400 min. Carroll 1 year 80%, 70%, $ year 90%, less 10% $1.60 AV, min. value: $2,000 $ %, 50%, 40%, 30%, each year to $500 20%, 10% Charles City 100% FMV $3.50 NADA $3.50 Wingate Appraisal Guide $0.68 Charlotte N/A N/A 85% $3.00 SF # $0.42 Chesterfield : $200 $3.60 new 90%, 70%, 50%, 40%, $3.60 Wingate Appraisal Guide $ and prior: $100 30%, 20%, 10% min. $100 min. Prior to 1990: $100 Clarke Old Car Price Guide $4.69 NADA $4.69 Wingate Appraisal Guide $0.62 Antique plates not taxed Craig N/A N/A N/A N/A Wingate Appraisal Guide $0.54 Culpeper $200 fl at rate $3.50 NADA: used WV to $200 $1.50 SF # $0.74 Cumberland N/A N/A N/A N/A SF # $0.68 Dickenson 15 years and older $1.69 N/A N/A SF # $0.60 assessed at $100 Dinwiddie LV $4.90 LV $4.90 SF # $0.72 Essex FMV $ % FMV $ % FMV $0.605 Fairfax NADA $0.01 OC $4.57 FMV $1.07 Fauquier $225 min. value $ year 70%, 60%, 50%, $1.50 AV $ %, 30%, 20%, then 10% to $500 min. * See bottom of last page of Table 9.12 for key to abbreviations. # The locality determines assessed value by multiplying the number of square feet by a value per square foot based on the age and condition of the unit. b Accomack County levies different charges for each of its special districts. The amounts listed are the range of those charges. Tangible Personal Property Tax 153

62 Table 9.12 Tangible Personal Property Taxes for Antique Motor Vehicles, Recreational Vehicles, and Mobile Homes, 2011 (continued) Antique Motor Vehicles* Recreational Vehicles* Mobile Homes* Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Floyd N/A N/A 1 year 70%, less10% $2.95 Wingate Appraisal Guide $0.50 prior year to 20% min. Fluvanna N/A N/A 100% Blue Book $4.15 Wingate Appraisal Guide $0.57 Franklin N/A N/A 100% low book $2.04 SF # $0.48 Frederick NADA/CPIG $4.86 NADA to $200 min. $4.86 NADA, Wingate, dealer $0.545 cost, or AV Giles $400 fl at value $ % OC $1.91 Wingate Appraisal Guide $0.54 Gloucester RV $ % OC $2.60 SF # $0.58 Goochland N/A N/A 1 year 60%, 45%, $4.00 Flat rate $ %, 30%, 20% min. Grayson N/A N/A FMV $1.75 FMV; min. value: $1,000 $0.49 Greene N/A N/A N/A $5.00 N/A $0.69 Greensville $300 value for trucks; $ yr. 75%, 70%, 65%, $4.50 Wingate Appraisal Guide $0.47 $100 value for cars 60%, 55%, 50%, 45%, min. value: $500 40%, 37.4%, 35%, 32.5%, 30%, 27.5%, 25%, 22.5%, 20%, 17.5%, then 15% to $100 Halifax N/A N/A 80% OC less 10% yearly $3.60 SF # $0.43 to 10% min. Hanover NADA Classic Car Guide $3.57 NADA WV $3.57 AV $0.81 Henrico NADA $3.50 New 85%, 75%, 60%, $3.50 SF # $ %, 40%, 30%, 20% min. Henry N/A N/A NADA TV $1.48 Wingate Appraisal Guide $0.46 Highland N/A N/A 1 year 40%, less 5% $1.50 Wingate Appraisal Guide $0.40 yearly to $400 min. value Isle of Wight N/A N/A 25% LV $4.50 Wingate Appraisal Guide $0.52 James City N/A N/A 50% BV $4.00 FMV $0.77 King & Queen NADA $3.94 Used WV $3.94 FMV $0.48 King George N/A N/A 1 year 50% OC, less $3.20 Tri-County Appraisal Co. $0.50 5% per year, 10% min. min. value: $500 King William N/A N/A NADA $3.65 $20-24 per square foot $0.81 Lancaster N/A N/A 100% FMV $2.04 SF # $0.40 Lee FMV $2.00 FMV $2.00 FMV $0.65 Loudoun $100 assessment $ year 70%, 60%, 50%, $4.20 Wingate Appraisal Guide $ %, 30%, 20% Louisa N/A N/A NADA: WV $1.90 FMV $0.62 Lunenburg N/A N/A TV to $200 $3.60 FMV $0.33 Madison N/A N/A 100% FMV to $100 $2.80 AV $0.44 Mathews FMV $2.14 NADA $2.14 FMV $0.47 Mecklenburg N/A N/A 1 year 80%, 70%, 60%, $3.26 Wingate Appraisal Guide: $ %, 40%, 30%, 25%, square foot factor 15% min. Middlesex N/A N/A 35% RV $3.50 RV $0.35 Montgomery N/A N/A NADA $2.45 FMV; min. value: $500 $0.74 Nelson N/A N/A BV $2.95 AV $0.55 New Kent 50% NADA LV $ % NADA $3.75 SF # $0.70 Northampton NADA LV $4.10 N/A N/A AV $0.49 Northumberland N/A N/A 40% NADA avg. RV $3.60 AV $0.40 Nottoway No tax on antique plates N/A 1 year 80%, 70%, 55%, $3.50 OC $ %, 25%, 10% min. * See bottom of last page of Table 9.12 for key to abbreviations. # The locality determines assessed value by multiplying the number of square feet by a value per square foot based on the age and condition of the unit. 154 Tax Rates 2011

63 Table 9.12 Tangible Personal Property Taxes for Antique Motor Vehicles, Recreational Vehicles, and Mobile Homes, 2011 (continued) Antique Motor Vehicles* Recreational Vehicles* Mobile Homes* Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Counties (continued) Orange N/A N/A RV $3.27 AV $0.49 Page N/A N/A 1 year 72%, less 10% $4.64 Wingate Appraisal Guide $0.64 each year min. value: $500 Patrick N/A N/A N/A N/A AV $0.48 Pittsylvania Assessed at $100 $ yr. 30%, 27.5%, 25% $8.50 SF # $ %, 20%, 17.5%, 15%, 13.5% 10%, 7.5%, 5% min. Powhatan N/A N/A FMV to $100 $3.60 FMV; min. rate: $100 $0.77 Prince Edward N/A N/A NADA LV $4.50 Wingate Appraisal Guide $0.42 Prince George N/A N/A 60% first year, 50%, 40%, $4.00 Wingate Appraisal Guide $ %, 20% min. Prince William N/A N/A NADA $ c Wingate Appraisal Guide $1.204 Pulaski $350 unless antique tags $2.14 NADA $2.14 AV $0.54 Rappahannock N/A N/A NADA $4.20 AV $0.58 Richmond N/A N/A NADA to $100 $3.50 AV, min. value $500 $0.50 Roanoke FMV $3.50 NADA to $100 $3.50 NADA; min. value: $100 $1.09 Rockbridge N/A N/A BV to $250 $4.25 Recognized pricing guide: $0.59 square footage Rockingham N/A N/A 8 year, 10% straight line $ year, 10% straight line $0.60 Russell 1-2 yrs.: 80%, 3-4: 60%, $ yrs.: 80%, 3-4: 60%, $1.65 SF # $ : 50%, 7-10: 40%, 5-6: 50%, 7-10: 40%, 11-14: 30%, 15+: 20% 11-14: 30%, 15+: 20% Scott N/A N/A NADA TV $1.40 SF # $0.69 Shenandoah N/A N/A 1 year 90%, 80%, 70%, $3.15 SF # $ %, 50%, 40%, 30%, 20%, 10% to $500 min. Smyth 1 year: 85%, 75%, 65% $2.25 N/A N/A Wingate Appraisal Guide $ %, 45%, 35%, 25% then 15%; min. value $125 Southampton $130 per automobile $ year 80%, 70%, 60%, $5.00 Wingate Appraisal Guide $ %, 40%, 30%, 20%, 10% min. Spotsylvania N/A N/A 1 year 50%, 45%, 40%, $6.26 Mobile Home Guide $ %, 20% min. Stafford N/A N/A 1 year 40%, 35%, 30%, $5.49 AV $ %, 20%, 15% min. Surry Antique plates exempt 4.00 NADA LV or % OC $4.00 Wingate Appraisal Guide $0.73 Sussex Collectible Car Book $4.85 OC less 10% annually $4.85 Wingate Appraisal Guide $0.54 Tazewell N/A N/A N/A N/A Wingate Appraisal Guide $0.58 min. value: $900 Warren N/A N/A NADA TV $4.00 AV $0.59 Washington N/A N/A BV to $500 min. $ year 80%, 70%, 60% $ %, 40%, 30%, 20% min. Westmoreland N/A N/A 100% FMV $3.00 AV $0.46 Wise NADA $1.49 NADA $1.49 Wingate Appraisal Guide $0.57 Wythe N/A N/A N/A N/A AV $0.44 York N/A N/A 50% NADA WV to $100 $4.00 SF # $ Towns (Towns that answered not applicable for all items in this table are excluded. For a listing of town respondents and nonrespondents, see Appendix B.) Abingdon N/A N/A BV $ % OC, then less 10% $0.28 prior year value Accomac Done by Accomack Co. $0.10 N/A N/A Done by Accomack Co. $0.07 Alberta N/A N/A N/A N/A N/A $0.28 Altavista N/A N/A Done by Campbell Co. $2.00 Wingate Appraisal Guide $0.165 Amherst N/A $0.35 N/A $0.35 N/A $0.036 * See bottom of last page of Table 9.12 for key to abbreviations. # The locality determines assessed value by multiplying the number of square feet by a value per square foot based on the age and condition of the unit. c Rate verifi ed by Prince William County. Tangible Personal Property Tax 155

64 Table 9.12 Tangible Personal Property Taxes for Antique Motor Vehicles, Recreational Vehicles, and Mobile Homes, 2011 (continued) Antique Motor Vehicles* Recreational Vehicles* Mobile Homes* Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Towns (continued) Appalachia N/A N/A N/A N/A N/A $0.35 Appomattox Assessed at $700 $ % FMV $ % FMV, DS $0.13 Ashland NADA $0.77 N/A $0.77 Blue Book $0.09 Big Stone Gap N/A N/A N/A N/A N/A $0.44 Blackstone Done by Nottoway Co. $0.65 Done by Nottoway Co. $0.65 O C $0.65 Bluefi eld N/A N/A N/A N/A N/A $0.25 Bowling Green N/A N/A 40% NADA RV $1.20 Done by Caroline Co. $0.10 Bridgewater N/A N/A Rockingham County $0.75 N/A N/A Brookneal N/A N/A N/A N/A N/A $0.17 Buchanan N/A N/A N/A N/A N/A $0.10 Burkeville N/A N/A Done by Nottoway Co. $0.70 Done by Nottoway Co. $0.13 Cape Charles N/A N/A N/A N/A AV $ Cedar Bluff N/A N/A N/A N/A Done by Tazewell Co. $0.19 Charlotte CH N/A N/A N/A $0.10 N/A $0.10 Chase City N/A N/A N/A N/A Done by Mecklenburg Co. $0.34 Chilhowie FMV; $5 min. $0.20 FMV; $5 min. $0.20 FMV; $5 min. $0.30 Chincoteague N/A N/A Done by Accomack Co. $0.85 Done by Accomack Co. $0.13 Christiansburg N/A N/A NADA $0.45 FMV $ Clarksville FMV $1.65 Done by Mecklenburg Co. $1.65 Done by Mecklenburg Co. $0.24 Clintwood FMV; Over 15 yrs. $0.30 N/A $0.30 FMV $0.11 assessed at $100 Coeburn Done by Wise County $0.40 Done by Wise County $0.40 Flat tax of $24 per year N/A Courtland Done by Southampton Co. $1.14 Done by Southampton Co. $1.14 Done by Southampton Co. $0.19 Culpeper $200 flat rate $1.00 NADA 100% WV $1.00 SF # $0.11 min. value: $200 Damascus N/A N/A N/A N/A N/A $0.54 Dillwyn N/A $0.28 N/A $0.28 N/A $0.04 Drakes Branch N/A N/A Done by Charlotte Co. N/A Done by Charlotte Co. $0.20 Dublin 100% $0.50 N/A N/A SF # $0.19 Dungannon N/A N/A N/A N/A N/A $0.10 Edinburg N/A $0.85 N/A $0.85 N/A $0.16 Floyd N/A N/A N/A N/A N/A $0.11 Gordonsville N/A $0.24 N/A $0.24 N/A $0.24 Gretna Done by Pittsylvania Co. $2.00 Done by Pittsylvania Co. $2.00 Done by Pittsylvania Co. $0.21 Halifax N/A N/A Done by Halifax Co. $1.68 N/A $0.19 Hallwood N/A N/A N/A N/A N/A $0.45 Hamilton N/A N/A N/A N/A Done by Loudoun County $0.25 Haymarket N/A $0.60 N/A $0.60 Done by Prince William Co. $0.60 Haysi 100% appraised value $ % Appraisal value $0.40 Appraisal value $0.15 Hillsville N/A N/A 90% minus 10% yearly $0.72 Done by Carroll Co. $0.18 Hurt N/A N/A N/A N/A SF # $2.50 Independence N/A $0.63 N/A $0.63 N/A $0.148 Iron Gate N/A N/A N/A N/A Done by Alleghany Co. $0.21 Keysville N/A N/A FMV $0.60 AV $0.16 Kilmarnock d Done by Lancaster/ $0.16/ Done by Lancaster/ $0.16/ Done by Lancaster/ $0.10/ Northumberland counties $0.40 Northumberland counties $0.40 Northumberland counties $0.10 La Crosse Mecklenburg County $1.05 See Mecklenburg Co. $1.05 Done by Mecklenburg Co. $0.31 Lawrenceville FMV $1.80 N/A N/A N/A N/A Lebanon N/A N/A N/A N/A N/A $0.20 Leesburg N/A $1.00 N/A $1.00 N/A $0.195 Louisa N/A N/A N/A N/A Done by Louisa Co. $0.21 Luray N/A N/A min. value: $100 $0.40 N/A; min. value: $500 $0.24 Marion N/A N/A N/A N/A N/A $0.15 * See bottom of last page of Table 9.12 for key to abbreviations. # The locality determines assessed value by multiplying the number of square feet by a value per square foot based on the age and condition of the unit. d Kilmarnock falls in two counties, the fi rst rate represents the rate charge in the Lancaster County portion, the second rate represents the Northumberland County portion. 156 Tax Rates 2011

65 Table 9.12 Tangible Personal Property Taxes for Antique Motor Vehicles, Recreational Vehicles, and Mobile Homes, 2011 (continued) Antique Motor Vehicles Recreational Vehicles Mobile Homes Basis Rate/$100 Basis Rate/$100 Basis Rate/$100 Towns (continued) McKenney N/A N/A N/A $0.50 N/A $0.06 New Castle N/A N/A N/A N/A N/A $0.04 New Market Price guide $0.80 Done by Shenandoah Co. $0.80 SF # $0.15 Onancock N/A $2.00 N/A $2.00 N/A $2.00 Onley N/A N/A FMV $0.30 N/A $0.08 Orange Done by Orange Co. $0.83 Done by Orange Co. $0.83 Done by Orange Co. $0.114 Pamplin N/A N/A N/A $1.00 N/A $1.00 Pearisburg $400 fl at value $ % OC $0.938 AV $0.27 Pennington Gap N/A N/A N/A N/A OC $0.25 Phenix N/A N/A N/A N/A N/A $0.50 Pound N/A N/A N/A N/A Flat tax of $35 per year N/A Pulaski N/A N/A N/A N/A Wingate Appraisal Guide $0.30 Purcellville N/A $1.05 N/A $1.05 N/A N/A Richlands N/A N/A N/A N/A Flat fee of $20 per year N/A Rocky Mount Done by Franklin Co. $0.51 Done by Franklin Co. $0.51 Done by Franklin Co. $0.12 Round Hill N/A N/A FMV $1.15 N/A $1.15 Rural Retreat N/A N/A N/A N/A N/A $0.20 Saint Paul NADA low book value N/A NADA low book value N/A $25 fl at fee N/A Smithfi eld N/A N/A N/A N/A AV $0.16 South Boston N/A $2.00 N/A $2.00 Done by Halifax Co. $0.19 South Hill N/A N/A See Mecklenburg Co. $1.05 AV $0.34 Stanley N/A N/A N/A $0.75 N/A $0.11 Stony Creek N/A N/A N/A N/A Done by Sussex County $0.06 Tappahannock FMV $ % FMV $ % FMV $0.085 The Plains Done by Faquier Co. $0.50 Done by Faquier Co. $0.50 N/A N/A Timberville LV $ % assessed value $0.30 Done by Rockingham Co. $0.115 Urbanna N/A N/A N/A $0.65 AV N/A Victoria N/A N/A N/A N/A SF # $0.14 Vinton Done by Roanoke Co. $1.00 Done by Roanoke Co. $1.00 Done by Roanoke Co. $0.03 Virgilina FMV $0.10 Done by Halifax Co. $0.10 Done by Halifax Co. $0.10 Wachapreague N/A N/A N/A N/A AV $0.13 Wakefi eld N/A N/A N/A N/A AV $0.093 Warrenton N/A $ year 70%, 60%, 50%, $1.00 N/A N/A 40%, 30%, 20%, 10%; min. value $500 Warsaw N/A N/A Done by Richmond Co. $0.60 Done by Richmond Co. $0.13 Waverly N/A $1.85 N/A $1.85 N/A $0.205 West Point BV $3.30 BC $3.30 AV $0.70 Windsor N/A $0.50 N/A 0.50 N/A $0.10 Wise OC $0.53 N/A N/A Wingate Appraisal Guide $0.245 Woodstock Done by Shenandoah Co. $0.90 Done by Shenandoah Co. $0.90 Done by Shenandoah Co. $0.15 Wytheville Done by Wythe Co. $0.28 Done by Wythe Co. $0.28 Done by Wythe Co. $0.16 # The locality determines assessed value by multiplying the number of square feet by a value per square foot based on the age and condition of the unit. Key to abbreviations: ABOS: Anderson-Bugg Outdoor Service Guide LV: Loan Value AV: Assessed Value NADA: National Automobile Dealers Association Guide BV: Book Value OC: Original Cost CPIG: Cars of Particular Interest Guide RV: Retail Value DC: Depreciated Cost SF: Square Footage DS: Depreciation Schedule TV: Trade-in Value FMV: Fair Market Value WV: Wholesale Value Tangible Personal Property Tax 157

66 Table 9.13 Tangible Personal Property Taxes Related to Horse Trailers, Special Fuel Vehicles, and Electric Vehicles, 2011 Horse Trailers Special Fuel Vehicles Electric Vehicles Locality Basis* Rate/$100 Basis* Rate/$100 Basis* Rate/$100 Cities (Note: All cities responded to this survey. Those that answered not applicable to all items in this table are excluded.) Bedford N/A N/A 100% BV $ % BV $2.43 Bristol 11% OC $7.00 N/A N/A N/A N/A Buena Vista 1 year 80%, 70%, 60%, $5.85 N/A N/A 1 year 80%, 70%, 60%, $ %, 40%, 30%, 20%, 50%, 40%, 30%, 20%, then 10% to $100 min. then 10% to $100 min. Charlottesville 1 year 85% OC, minus $4.20 NADA clean TV $4.20 NADA clean TV $ % each yr. to $100 min. Chesapeake 1st year 75%, 65%, 55%, $4.08 Price Guide $4.08 Price Guide $ %, 35%, 25%, 20%, min. value: $370 min. value: $370 18%, 16.2%, 14.6%, 13.1%, 11.8%, 10.6% 9.6%, 8.6%, 7.7%, 7%, 6.3% min. Covington 55% OC; min. value: $200 $5.60 N/A N/A N/A N/A Danville N/A $3.00 N/A N/A N/A N/A Falls Church NADA. min. value $1,000 $4.84 NADA. min. value: $1,000 $4.84 NADA. min. value: $1,000 $4.84 Franklin 25% OC; min. value: $100 $4.50 N/A N/A N/A N/A Fredericksburg 1 year 90%, 80%, 70%, $2.99 N/A N/A N/A N/A 60%, 45%, 30%, 20% min. Galax NADA pricing guide $1.68 N/A N/A N/A N/A Hampton 1 year 75%, 65%, 55%, $4.25 N/A N/A N/A N/A 45%, then 35% to $100 min. Harrisonburg 1 year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ year 90%, 80%, 70%, $ %, 50%, 40%, 30% min. 60%, 50%, 40%, 30% min. 60%, 50%, 40%, 30% min. Lynchburg 1st year 90%, 70%, 60%, $3.80 NADA TV; min. $100 $3.80 NADA TV; min. $100 $ %, 40%, 30%, 20%, 10%, after 8 years it becomes 90% of previous year. min. value: $100 Manassas Park % of cost or $100 fee, $3.50 N/A N/A N/A N/A whichever is greater Martinsville % OC to minimum of $125 $2.30 N/A N/A N/A N/A Newport News 1 year 85%, less 5% $1.00 N/A N/A N/A N/A annually. min. value: $200 Norfolk 80% BV N/A N/A N/A N/A N/A Petersburg N/A N/A NADA; min. value $200 $4.40 NADA; min. value $200 $4.40 Poquoson 80% OC, less 10% each $4.15 N/A N/A N/A N/A year to $100-$250 min. Roanoke % OC $3.45 N/A N/A N/A N/A Salem 1 year 80%, 70%, 60%, $3.20 N/A N/A N/A N/A 50%, 40%, 30%, 25% min. Staunton N/A $2.40 N/A N/A N/A N/A Suffolk 40% OC $4.25 N/A $4.25 N/A $4.25 Virginia Beach 1 year 90%, 70%, 60% min. $1.50 N/A N/A N/A $3.70 Waynesboro 1 year 40%, 30%, 20% min. $ year 40%, 30%, 20% min. $5.00 N/A N/A Williamsburg LV $3.50 N/A N/A N/A N/A Counties (Note: All counties responded to this survey. Those that answered not applicable to all items are excluded.) Accomack 1 year 75%, 70%, 65%; $3.58 a N/A N/A N/A N/A min. value $400 Albemarle 1 year 90%, 90% of prior $4.28 N/A N/A N/A N/A value thereafter; min. $750; up to 1978: $250; : $750 Alleghany 20% OC $5.95 N/A $5.95 N/A $5.95 Amelia N/A $4.00 N/A N/A N/A N/A Amherst 1 year 80%, less 10% prior $3.25 N/A N/A N/A N/A value thereafter; $250 min. * See bottom of last page of Table 9.13 for key to abbreviations. a Accomack County adds special district taxes in each of its districts: Atlantic: $0.17, Metompkin: $0.14, Lee: $0.14, and Pungoteague: $ Tax Rates 2011

67 Table 9.13 Tangible Personal Property Taxes Related to Horse Trailers, Special Fuel Vehicles, and Electric Vehicles, 2011 (continued) Horse Trailers Special Fuel Vehicles Electric Vehicles Locality Basis* Rate/$100 Basis* Rate/$100 Basis* Rate/$100 Counties (continued) Appomatox $800 fl at value $4.60 N/A N/A N/A N/A Arlington 1 year 80%, 70%, 60%, $5.00 NADA clean loan value $5.00 NADA clean loan value $ %, 40%, 30%, 20%, min. value: $100 min. value: $100 then 70% prior year to $100 Augusta N/A $1.90 N/A $2.25 N/A $2.25 Bath 1 year 90%, 80%, 70%, $0.35 N/A N/A N/A N/A 60%, 50%, 40%, 30%, 20%,10% (min. $1,000) Bedford % OC $2.35 N/A N/A N/A N/A Bland 1 year 90%, 80%, 70%, $2.29 N/A N/A N/A N/A 60%, 50%, 40%, 30%, 20% min. Botetourt 1 year 90%, 70%, 50%, $2.55 N/A N/A 1 year 90%, 70%, 50%, $ %,10% min. 30%,10% min. Brunswick 25% OC $3.40 N/A N/A N/A N/A Buchanan 1 year 85%, 70%, 60%, $1.95 N/A N/A N/A N/A 50%, 40%,35%, 25%, 15%, 10% min. Buckingham 1 year 80%, then 90% $4.05 N/A N/A N/A N/A prior year Campbell 1 year 65%, 55%, 45%, $3.85 N/A N/A N/A $ %, 5-10: 25%, 11+:10% Caroline 1 year 50%, then 60% $6.25 N/A N/A N/A N/A prior year assessment until min. value of $12.50 (200% of tax rate). Carroll 1 year 85%, then less10% $1.60 N/A N/A N/A N/A prior year s rate Charles City 1 year 60%, 50%, 40%, $ % NADA; $200 min. $ % NADA; $200 min. $ %, 20%, 10% min. Charlotte 85% OC to min. rate of 10% $3.00 N/A N/A N/A N/A Chesterfield 1 year 70%, 50%, 40%, $ year 70%, 50%, 40%, $ year 70%, 50%, 40%, $ %, 20%, 10% min. 30%, 20%, 10% min. 30%, 20%, 10% min. min. value: $50 (under 15,000 lbs.) min. value: $200 ( ) min. value: $200 ( ) min. value: $1,000 (over 15,000 lbs.) min. value: $100 (before 1991) min. value: $100 (before 1991) Clarke 1 year 75%, to 20% over $4.69 NADA $4.69 NADA $ years Craig 1 year 80%, 70%, 60%, $3.00 N/A N/A N/A N/A 50%, 40%, 30%, 20%; $200 min. Culpeper 1 year 80%, 70%, 60%, $3.50 N/A N/A N/A N/A 50%, 40%, 30%, 20%, 10%; $200 min. Cumberland 1 year 80%, 70%, 60%, $ year 80%, less 10% $4.50 N/A N/A 50%, 40%, 30%, 20% min. annually to 20% min. Dinwiddie 20% OC; min. value $100 $4.90 N/A N/A N/A N/A Essex 50% FMV $ % FMV $3.50 N/A N/A Fairfax 1 year 60%, 50%, 40%, $4.57 N/A $4.57 N/A $ %, 20 % min. Fauquier 1 year 70%, 60%, 50%, $1.50 N/A N/A N/A N/A 40%, 30%, 20%, 10% min. Floyd 1 year 70%, less 10% $2.70 N/A N/A N/A N/A prior year value thereafter, to 20% min. * See bottom of last page of Table 9.13 for key to abbreviations. Tangible Personal Property Tax 159

68 Table 9.13 Tangible Personal Property Taxes Related to Horse Trailers, Special Fuel Vehicles, and Electric Vehicles, 2011 (continued) Horse Trailers Special Fuel Vehicles Electric Vehicles Locality Basis* Rate/$100 Basis* Rate/$100 Basis* Rate/$100 Counties (continued) Fluvanna 100% avg. trade-in value $4.15 N/A N/A N/A N/A Franklin 1 year 75%, less 10% $2.04 N/A N/A N/A N/A annually to minimum Frederick 1 year 90%, 80%, 70%, $4.86 NADA $4.86 NADA $ %, 50%, 40%, 30%, 25% min. Giles 45% OC $ % FMV $1.91 N/A N/A Gloucester ABOS $2.60 N/A N/A N/A N/A Goochland 1 year 60%, 45%, 37.5%, $ %, 20% min. Grayson FMV; min. value: $500 $1.75 N/A N/A N/A N/A Greensville 1 year 75%, 70%, 65%, $4.50 N/A N/A N/A N/A 60%, 55%, 50%, 45%, 40%, 37.5%, 35%, 32.5%, 30%, 27.5%, 25%, 22.5%, 20%, 17.5%, 15% min. Halifax 1 year 80%, less 10% prior $3.60 N/A N/A N/A N/A year to 10% min. Hanover 90% OC; min. value: $300 $3.57 N/A N/A N/A N/A Henrico Current year 85%, 75%, $3.50 Current year 85%, 75%, $3.50 Current year 85%, 75%, $ %, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 60%, 50%, 40%, 30%, 20% min. 20% min. 20% min. Henry N/A $1.48 N/A N/A N/A N/A Highland 1 year 50%, less 5% $1.50 N/A N/A N/A N/A prior year to $100 min. Isle of Wight 50% OC $4.40 N/A N/A N/A N/A James City N/A N/A N/A $4.00 N/A $4.00 King & Queen 100% DC $3.94 N/A N/A N/A N/A King George 1 year 50%, less 5% $3.20 N/A N/A N/A N/A prior year to 10% min. min. value: $200 King William 1 year 80%, 60%, 40%, $3.65 N/A N/A N/A N/A 20%, 10% min. Lancaster BV $1.52 N/A N/A N/A N/A Lee FMV $2.00 N/A N/A N/A N/A Loudoun 1 year 70%, 60%, 50%, $4.20 N/A $4.20 Low speed- and $ %, 30%, 20% min. all-electric Louisa 1 year 88%, 75%, 65%, $1.90 N/A N/A N/A N/A 55%, 45%, 35%, 25%; min. $200 Lunenburg 1 year 90%, less 10% $3.60 N/A N/A N/A N/A prior year to $100 min. Madison BV $2.80 N/A N/A N/A N/A Mathews 100% BV $2.14 N/A N/A N/A N/A Mecklenburg 1 year 80%, 70%, 60%, $3.26 N/A N/A N/A N/A 50%, 40%, 30%, 25%, 15% min. Middlesex 35% RV $3.50 N/A N/A N/A N/A Nelson 1 year 70%, 60%, 50%, $2.95 BV $2.95 BV $ %, 30%, 20%, 10% min. New Kent 1 year 90%, 75%, 70%, $3.75 N/A N/A N/A N/A 60%, 50%, 40%, 30%, 20%, 10%; min. value: $50 Northampton 1 year 90%, 80%, 70%, $4.10 N/A N/A N/A N/A 60%, 50%, 40%, 30%, 20%, 10% min. value: $200 * See bottom of last page of Table 9.13 for key to abbreviations. 160 Tax Rates 2011

69 Table 9.13 Tangible Personal Property Taxes Related to Horse Trailers, Special Fuel Vehicles, and Electric Vehicles, 2011 (continued) Horse Trailers Special Fuel Vehicles Electric Vehicles Locality Basis* Rate/$100 Basis* Rate/$100 Basis* Rate/$100 Counties (continued) Northumberland 40% OC $3.60 N/A N/A N/A N/A Nottoway 1 year 80%, 70%, 55%, $3.50 N/A N/A N/A N/A 40%, 25%, 10% min. Orange 1 year 65%, 60%, 55%, $3.27 N/A N/A N/A N/A 50%, 45%, 40%, 37%, 34%, 31%, 28%, 25% min. Page 1 year 72%, then less 10% $4.64 N/A N/A N/A N/A of previous year to $100 min. Pittsylvania 1 year 30%, 27.5%, 25.0%, $8.50 N/A N/A N/A N/A 23.5%, 20.0%, 17.5%, 15.0%, 13.5%, 10.0%, 7.5%, 5.0% min. Powhatan N/A N/A FMV to $100 min. $3.60 FMV to $100 min. $3.60 Prince Edward 90% OC $4.50 N/A N/A N/A N/A Prince George 1 year 60%, 50%, 40%, $4.00 N/A N/A N/A N/A 30%, 20% min. Prince William N/A N/A NADA $3.70 NADA $3.70 Pulaski 1-5 years 60%, 6-10 years $2.14 N/A N/A N/A N/A 40%, 20% min. Rappahannock 1 year 70%, less 5% each $4.00 b N/A N/A N/A N/A year. min. value: $200 Richmond 1 year 40%, 36%, 32.4%, $3.50 N/A N/A N/A N/A 29.2%, 26.2%, to min. $100 Roanoke 1 year 90%, less 10% prior $3.50 N/A N/A NADA $3.50 year value to min. value $100 Rockingham 8 yr. 10% straight line; $2.80 N/A N/A N/A N/A 0% after 9 years Russell 1-2: 80%, 3-4: 60%, 5-6: $1.65 N/A N/A N/A N/A 50%, 7-10: 40%, 11-14: 30%, 15+: 20% Shenandoah 1 year 90%, 80%, 70%, $3.15 N/A N/A N/A N/A 60%, 50%, 40%, 30%, 20%, 10% min. min. value: $50 Smyth 1 year 90%, 80%, 70%, $2.25 N/A N/A 1 year 85%, 75%, 65%, $ %, 50%, 40%, 30%, 55%, 45%, 35%, 25%, 20% min. 15% to min. value $125 Southampton 1 year 80%, 70%, 60%, $5.00 N/A N/A N/A N/A 50%, 40%, 30%, 20%, 10% min. min. value: $100 Spotsylvania 1 year 50%, 45%, 40%, $6.26 N/A N/A N/A N/A 30% 20 % min Stafford 1 year 40%, 35%, 30%, $5.49 N/A N/A N/A $ %, 20%, 15% min. Surry 1 year 60%, 50%, 40%, $4.00 NADA LV ($200 min.) $4.00 N/A $ %, then 5% of prior year min. value: $50 Sussex 1 year 90%, 80%, 70%, $4.85 N/A N/A N/A $ %,50%, 40%, 30%, 20%, 10% min. min. value: $130 Tazewell 1 year 75%, 65%, 55%, $ year 75%, 65%, 55%, $ year 75%, 65%, 55%, $ %,3 5%, 25%, 15% min. 45%, 35%, 25%, 15% min. 45%, 35%, 25%, 15% min. min. value: $125 min. value: $125 min. value: $125 Warren 100% FMV (DMV tagged) $4.00 N/A N/A N/A N/A min. value: $250 Washington 1 year 90%, 80%, 70%, $1.55 N/A N/A N/A N/A 60%, 50%, 40%, 30%, 20%, 10% min. * See bottom of last page of Table 9.13 for key to abbreviations. b Rappahannock County reports imposing an additonal $0.20 tax to pay for county fi re service. Tangible Personal Property Tax 161

70 Table 9.13 Tangible Personal Property Taxes Related to Horse Trailers, Special Fuel Vehicles, and Electric Vehicles, 2011 (continued) Horse Trailers Special Fuel Vehicles Electric Vehicles Locality Basis* Rate/$100 Basis* Rate/$100 Basis* Rate/$100 Counties (continued) Westmoreland 100% FMV $3.00 N/A N/A N/A N/A Wise 1 year 85%, 75%, 65%, $1.49 N/A N/A N/A N/A 55%, 40%, 25%, 10% min. Wythe Depreciated cost $2.08 N/A N/A N/A N/A York 1 year 80%, less 10% $4.00 N/A N/A 1 year 80%, less 10% $4.00 each year each year to $250 min. Towns (Towns that answered not applicable for all items in this table are excluded. For a listing of town respondents and non-respondents, see Appendix B.) Altavista 1 year 65%, 55%, 45%, 35%, $2.00 N/A N/A N/A N/A 5-10: 25%, 11+: 10% Ashland Done by Hanover County $0.77 N/A N/A N/A N/A Christiansburg N/A N/A NADA $0.45 NADA $0.45 Coeburn Done by Wise County $0.40 N/A N/A N/A N/A Courtland Done by Southampton Co. $1.14 N/A N/A N/A N/A Culpeper 1 year 80%, 70%, 60%, $1.00 N/A N/A N/A N/A 50%, 40%, 30%, 20%, 10% min. Dillwyn Done by Buckingham Co. $0.28 N/A N/A N/A N/A Eastville Done by Northampton Co. $0.025 N/A N/A N/A N/A Glen Lyn Done by Giles County $0.17 N/A N/A N/A N/A Gordonsville Done by Orange County $0.17 N/A N/A N/A N/A Haysi 100% appraisal value $0.40 N/A N/A N/A $0.40 Hillsville 1 year 85%, 75%, 65%, $0.72 N/A N/A N/A N/A 55%, 45%, 40%, 35%, 30% min. Independence Done by Grayson Co. $0.63 N/A N/A N/A N/A Kilmarnock c Done by Lancaster and $0.16/ Done by Lancaster and $0.16/ Done by Lancaster and $0.16/ Northumberland counties $0.40 Northumberland counties $0.40 Northumberland counties $0.40 La Crosse N/A $1.05 N/A N/A N/A N/A Louisa N/A $1.00 N/A N/A N/A N/A McKenney N/A $0.50 N/A N/A N/A N/A Orange N/A $0.83 N/A $0.83 N/A $0.83 Pearisburg 45% OC $0.938 N/A N/A N/A N/A Rocky Mount Done by Franklin County $0.51 Done by Franklin County $0.51 Done by Franklin County $0.51 Rural Retreat N/A $0.50 N/A N/A N/A N/A South Boston 1 year 90%, less 10% $2.00 N/A N/A N/A N/A each year down to 15% South Hill Done by Mecklenburg Co. $1.05 BV $1.05 BV $1.05 West Point BV $3.30 N/A N/A N/A N/A Woodstock Done by Shenandoah Co. $0.90 N/A N/A N/A N/A c Kilmarnock falls in two counties, the fi rst rate represents the rate charge in the Lancaster County portion, the second rate represents the Northumberland County portion. Key to abbreviations: BV: Book Value DC: Depreciated Cost FMV: Fair Market Value NADA: National Automobile Dealers Association Guide OC: Original Cost 162 Tax Rates 2011