The Personal Property Tax Relief Act of 1998 (PPTRA), also referred to as car tax relief, provides tax relief to citizens on personal property taxes paid on the first $20,000 of value for qualifying vehicles.  For tax year 1998, the Commonwealth reimbursed taxpayers for personal property relief; for tax years 1999 to 2005, the Commonwelath reimbursed localities for personal property  tax relief granteed to citizens.  Beginning in tax year 2006, the Commonwelath provided localities with a "capped" amount to provide personal property tax relief to citizens.
 

Exemptions to the Personal Property Tax Relief Act include:

• Leased vehicles used for business
• Any vehicle under a business name or used for business purposes (if more than 50% of mileage is used as business expense or more than 50% of depreciation with the vehicle is deducted)
• Motor homes
• Any type of trailer
• Any vehicle showing a gross weight of 7501 or more on DMV's records
• The cost of the vehicle is expensed pursuant to Section 179 of the Internal Revenue Service Code.

Vehicles qualifying for tax relief are noted on your tax bill and show a reduction for that portion.  If your qualifying vehicle is assessed at 1,000 or less, your tax has been eliminated.  There is no percentage reduction of penalty assessed for late payment.

If your vehicle is improperly qualified or you are uncertain whether your vehicle would be eligible, contact us at 434-296-5851 or click here to e-mail.

When you display your Albemarle decal and pay your taxes on qualified vehicles, you are certifying to us that your vehicle has been qualified correctly.

    Personal Property Tax Reduction Schedule:

  Tax Year                   Reduction

 1999                            27.5%

  2000                            47.5%

  2001                            70.0%

  2002                            70.0%

  2003                            70.0%

  2004                            70.0%

  2005                            70.0%

  2006                            66.0%