Personal Property Tax

Motor Vehicle Personal Property


Motor vehicle personal property includes vehicles, boats, trailers, and motorcycles. The Motor Vehicle Personal Property Return Form will be mailed to you in early March and should be returned to our office no later than May 1. The information on the return is provided to this office via a DMV download. If the information on the return is incorrect, please indicate on the return and mail it back to us.

Don't forget to certify if your vehicle is for business or personal use. Doing so may prevent us from qualifying the vehicle for car tax relief. See the Personal Property Tax Relief Act page for the definition of business or personal use.

The personal property tax is levied annually on vehicles that are owned in Waynesboro on January 1. The tax is billed around the second week in October with a due date of December 5. The personal property tax is not prorated for persons moving out of Waynesboro or for the disposal of a vehicle after January 1. It is due for the full year. Vehicles that are normally garaged outside Virginia but have Virginia license plates are taxed by the Virginia locality where they are registered.

Business Equipment


If you were operating a business on January 1 of the current tax year, then you are responsible for filing a business personal property tax return. All returns are due to be filed with this office by May 1 of the tax year. You must report all equipment used by your business or located on your business premises on January 1 of the tax year.

Personal Property Assessment


Our biggest job is the assessment of tangible personal property, business personal property, machinery and tools, and mobile homes. This process is continuous from year to year.

Vehicles
Passenger cars and light-duty trucks are taxed based on the value of the vehicle. We use the clean retail value as determined by the January issue of the National Automobile Dealers Association (N.A.D.A.) Official Used Car Guide. Unusually high mileage as of January 1 may be considered prior to the City of Waynesboro Motor Vehicle Personal Property Return deadline of May 1st. To claim high mileage, a certified document dated prior to January 1 of the tax year must be presented to the Commissioner's office in order for an adjustment to be made.



Business Tangible Personal Property


We assess business tangible personal property at 40% of customers book value, but never less than 20% of cost.

Manufacturer's Machinery & Tools


Assessment of machinery and tools is based on the percentage of capitalized cost as follows:
  • First year: 27%
  • Second year: 25%
  • Third year: 22%
  • Fourth year: 20%
  • Fifth year: 15%
  • Sixth year and beyond: 12%

Rolling Stock (Common Carrier Trucks)


The assessment of rolling stock is 50% of cost the first year following the year of purchase, with 10% depreciation given each year following. If vehicle has apportioned tags, then the apportionment percentage based on Virginia Miles Traveled is applied to the assessed value.

Mobile Homes


Our assessment of mobile homes is based on square feet multiplied by an average cost per square foot based on the manufactured year. The average cost per square foot is taken from the Wingate Guide to Mobile Home Appraisals.