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VIRGINIA

 
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Franklin D. Edmondson, MCR
Commissioner of the Revenue
City Hall Building
801 Crawford Street
Portsmouth, VA. 23704
(757) 393-8771


 

Office of the Commissioner of The Revenue
Personal Property Taxes

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.

 

City of Portsmouth, Virginia · All Rights Reserved · Portsmouth City Hall · 801 Crawford Street · Portsmouth, VA 23704 · 757-393-8000