Personal Property Tax

Portsmouth levies a personal property tax on vehicles, boats, aircraft, and mobile homes.

Personal Property Tax Rates


Vehicles


Autos, trucks, motorcycles and utility trailers are assessed on a prorated basis using the National Automobile Dealers Associations Blue Book (NADA) value at a rate of $5.00 per $100.00.

Boats


Boats are assessed using the ABOS Marine Blue Book low estimated trade-in value at the rate of $0.50 per $100.00.

Recreational Vehicles


Recreational vehicles are assessed using the NADA book of Recreational Vehicle Appraisal Guide at a rate of $1.50 per $100.00.

Mobile Homes


Mobile Homes are assessed using the % of cost at the rate of $1.23 per $100.00.

Leases


Leased personal property, such as cars and trucks, is taxable at the personal property tax rate.

Daily Rentals


There is no personal property owed for daily rentals.