Personal Property Tax
Vehicle License Fees
The City of Lynchburg assesses an annual license fee on every motor vehicle, motorcycle and trailer that is garaged in the city and has an active state registration. License fees are due on June 5 each year and are included on the personal property tax bill.
Amount of License Fees
|Passenger Vehicle (4,000 pounds and less)
|Passenger Vehicle (4,001 pounds and over)
|Trailer (1 to 1,500 pounds)
|Trailer (1,501 to 4,000 pounds)
|Trailer (4,001 pounds and over)
If you have questions regarding the Vehicle License Fee please call 434-455-3870.
Disabled Veteran Personal Property Tax Exemption
A Disabled Veteran may qualify for an exemption from Personal Property Tax on one motor vehicle if the following criteria is met:
- The motor vehicle must be a passenger car, pickup or panel truck registered for personal use
- The motor vehicle must be owned by the veteran or jointly owned with a spouse.
- The veteran must have been rated by the U.S. Department of Veterans Affairs to have a 100% service-connected, permanent and total disability.
The exemption is effective beginning January 1, 2021 or declaration date if later.
For further information regarding the Disabled Veteran Personal Property Tax Exemption call 434-455-3870.
- What types of personal property are taxable?
Automobiles, trucks, recreational vehicles, motorcycles, trailers, boats, airplanes, mobile homes, business furniture, fixtures, equipment, and machinery and tools used in a manufacturing process.
- How is personal property assessed?
The Commissioner of the Revenue is required by law to assess vehicles by means of a recognized pricing guide. The pricing guides utilized by the City of Lynchburg are the National Automobile Dealers Association official used car guide and the official older used car guide. Clean trade in is the value taken from these books. If a vehicle is not listed in the guide, the assessment will be based on a percentage of purchase cost or a percentage of MSRP. The pricing guide utilized for motorcycles is the National Automobile Dealers Association Motorcycle appraisal guide. The value taken is clean trade in. For most other personal property, the assessed value is based on a percentage of original cost.
- How is the amount of tax determined?
The personal property tax rate is established by the Lynchburg City Council. The tax is figured by multiplying the property's assessed value by the tax rate. The current personal property rate is $3.80 per $100 of assessed value. The current rate for machinery and tools is $3. Mobile homes are assessed as personal property but are taxed at the real estate rate which is currently $1.11.
- What is proration?
The City of Lynchburg is one of several localities in Virginia with the authority to collect personal property taxes on a pro-rated basis. In general terms, a vehicle's tax will be prorated on a monthly basis based on the number of months it has a situs in the City of Lynchburg or is owned by the taxpayer. Mobile homes, airplanes, and business equipment are not prorated.
- If I move out of Lynchburg or sell my automobile, will my tax bill be prorated?
If you move out of state or into another prorating locality in Virginia or sell your vehicle, you are eligible to have your personal property tax bill prorated. You may receive either a credit or a refund of taxes paid for the portion of the year your property was not located in Lynchburg.If you move after January 1 of the tax year to a non-prorating locality you must pay the City of Lynchburg for the entire year. If you move to a prorating locality in Virginia you must provide a paid personal property receipt from that locality in order to receive a credit or refund from the City of Lynchburg.If you move to another state you must submit a copy of the other state's registration for your vehicle. If you have disposed of your vehicle you must provide a copy of a bill of sale or a repossession notice.