Personal Property Filing
Attention Petersburg Residents:
Personal Property Filing Forms will be mailed out by March 1, 2013.
It is the obligation of the taxpayer to file the required personal property return by the deadline. The form must be filed and returned to our office by March 31, 2013 to avoid a 10% late filing penalty. (State Code 58.858/City Code Sections 106-6, 106-11)
Please review the form:
1. Check whether you have possession of the vehicle, yes or no.
2. If you do not own the vehicle any longer or did not own Jan. 1, 2013, check no
and put the date you disposed of the vehicle.
3. If it is a vehicle that is used more that 50% for business purposes
(this question does not apply to vehicles that are driven back and forth to work),
check the box for business use.
4. If the license plate number is incorrect or has been changed, draw a line through
the old license plate number and write the corrected one.
If you moved, write your correct address on the form and the date that you moved. If you were not living in Petersburg January 1, 2013, check the box, No.
EXCESS MILEAGE ADJUSTMENT
To claim an excess mileage adjustment you must attach to your filing form, the most recent inspection slip for the vehicle for which you request the adjustment. If you claimed excess mileage for 2012, do not attach a copy of an inspection slip, as we will use last year's information that we have on file.
You must complete and return this form to the Commissioner of the Revenue Office no later than March 31, 2013 to avoid a 10% late filing penalty.
Commissioner of the Revenue
135 N. Union Street
Petersburg, Va. 23803-3237
The personal property filing form is available on our website, should you not receive a filing form.
The completed form can be faxed or emailed to our office.
Fax # 804-863-2790
City of Petersburg Personal Property Tax Rates
|Personal Property ||$4.40 per $100 of assessed value|
|Real Estate|| $1.35 per $100 of assessed value|
|Mobile Home || $1.35 per $100 of assessed value|
|Business Personal Property|| $4.40 per $100 of assessed value|
|Machinery & Tools ||$3.80 per $100 of assessed value|
Personal Property Car Tax Relief
The Personal Property Tax Relief Act of 1998 provides tax relief for any passenger car, motorcycle, pickup or panel truck having a registered gross weight of less than 7501 pounds. The vehicle must be owned or leased by an individual and NOT used for business purposes to qualify for personal property tax relief.
**** A vehicle is considered to be used for business purposes if:
More than 50% of the mileage for the ear is used as a business expense for Federal Income Tax purposes OR reimbursed by an employer;
More than 50% of the depreciation associated with the vehicle is deducted as a business expense for Federal Income Tax;
The cost of the vehicle is expensed pursuant to Section 179 of the Internal Revenue Service Code; or the vehicle is leased by an individual and the leasing company pays the tax without reimbursement from the employer.
*** Sold, Traded or Disposed of a Vehicle ***
Important: You Must Notify DMV and the Commissioner of Revenue Office, that you have sold, traded or disposed of your vehicle, trailer, motorcycle, mobile home, etc. Our office verifies changes of ownership with DMV and the information DMV provides to us is used to correct our files in a timely manner. This action on your part helps us to keep our records up to date.
It is also important to notify INLAND GAME and FISHERIES if you have sold your boat. We verify information from that agency as well.