Personal Property Tax

Personal Property Tax
Personal property tax rates are set annually by the Carroll County Board of Supervisors in the month of June. This tax is assessed by the Office of the Commissioner of the Revenue, and collected by the Office of the Treasurer.

Current Personal Property Tax Rates
  • Personal Property ---------- $1.95 per $100 assessed valuation
  • Machinery & Tools ----------$1.75 per $100 assessed valuation based on depreciation factors*
  • Merchants Capital ---------- $0.69 per $100 of 100% assessed valuation
  • Mobile Homes----------------$0.695 per $100 of 100% assessed valuation
*Depreciation Factors
2018 90% of Cost
2017 85% of Cost
2016 80% of Cost
2015 70% of Cost
2014 60% of Cost
2013 50% of Cost
2012 40% of Cost
2011 35% of Cost
2010 or older 30% of Cost

Additional Information

The Personal Property TAX RELIEF ACT of 1997 provides tax relief for vehicles locally registered within the Commonwealth of Virginia. The 2005 General Assembly capped the total car tax relief for the Commonwealth of Virginia. Each locality’s share is allocated to provide car tax relief for qualifying vehicles in that locality.  The tax on the first $20,000 of the value of your personal car, motorcycle, and pickup or panel truck under 7,501 pounds qualifies for tax relief.  For qualifying vehicles valued at $1,000 or less, the obligation to pay this tax has been eliminated.  Motor Homes, trailers, farm use and business use vehicles DO NOT qualify for tax relief.

Penalty and Interest

Personal Property Tax bills are due December 5th.

Taxes are delinquent the day after the due date.  There is a 5% penalty required by the Virginia State Code for late payment of taxes.  The Treasurer is also required by the Code to collect interest at an annual rate of 10% until payment in full is received.