- Last Updated on Wednesday, 31 August 2011 17:43
- Published on Wednesday, 31 August 2011 17:43
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The Westmoreland supervisors met last Friday and adopted a resolution that establishes the jurisdiction’s personal property tax relief rate for the 2011 tax year.
Commissioner of Revenue Carol Gawen told the supervisors that the commissioner’s office had double- and triple-checked the math and felt confident the numbers were correct. Relief had been dropped a percentage point when compared to relief conveyed one year before.
“The cost of new cars is higher,” County Administrator Norm Risavi then explained. A previously established sum held in
escrow by Westmoreland County had to be equitably distributed.
The supervisors adopted a measure not unlike previous years’ tax relief provisions. Personal use vehicles valued a $1,000 or less get 100 percent relief. Personal use vehicles of values between $1,001 and $20,000 are eligible for 50 percent relief and personal vehicles valued over $20,000 receive no personal property tax relief. Vehicles not meeting the definition of qualifying personal use vehicles include business and farm vehicles and motor homes.
The 1998 Personal Property Tax Relief Act of 1998 was modified during the General Assembly’s 2004 special session. State lawmakers established a fixed amount of available relief for each Virginia jurisdiction. The amount of money diminishes each of the act’s six years.
“The amount of money that is available for relief during the sixth year falls off,” Risavi explained. “That means we’re utilizing the funds we carried over to the current year.”