Virginia
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P.O. Box 922, 24450
540-462-3700
fax: 540-463-5310
Boards & Commissions
- Architectural Review Board
- Cemetery Advisory Board
- Community Council
- Community Services Board
- Disabilities Services Board
- Board of Equalization
- Industrial Development Authority
- Jail Commission
- Library, Rockbridge Regional
- Maury Service Authority
- Planning Commission
- Public Safety Communications Board
- School Board
- Shenandoah Valley Workforce Investment Board (Home page)
- Social Services Board
- Threshold
- Tree Board
- Board of Zoning Appeals
COMMISSIONER OF REVENUE
Karen T. Roundy
(540) 462-3701 Fax: (540) 463-4738
e-mail: kroundy@ci.lexington.va.us
CAR TAX RELIEF
The Personal Property Tax Relief Act of 1998 provides tax relief for any passenger car, motorcycle, or pickup or panel truck having a registered gross weight of less than 7,501 pounds. The vehicle must be owned or leased by an individual and NOT used for business purposes. A vehicle is considered to be used for business purposes if:
- More than 50% of the mileage for the year 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 purposes;
- 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 individual.
Vehicles qualified for tax relief are noted on your tax bill and show a reduction for the portion of the tax the Commonwealth will pay. For qualified vehicles, your tax bill is reduced by the applicable tax relief percentage for the tax year on the first $20,000 of value. The City of Lexington will be reimbursed by the Commonwealth for the amount of the reduction once you have paid the balance due shown on your bill. If your qualifying vehicle's assessed value is $1,000 or less, your tax has been estimated and the Commonwealth's share is 100%. Tax relief is calculated using the City of Lexington's effective tax rate in effect on August 1, 1997.
You are required to certify annually to the City of Lexington that your vehicle remains qualified to receive car tax relief. Therefore, it is important that you review the information sent to you by the City of Lexington to be sure that your vehicles are properly qualified. This information will be included on items such as personal property tax certification forms, City decal applications and tax bills. If your vehicle is improperly qualified or you are uncertain whether your vehicle would be eligible for car tax relief because it is used part of the time for business purposes, contact the Lexington Commissioner of Revenue's Office at 540-462-3755. When you display your Lexington City decal and pay your taxes on qualified vehicles, you are certifying to the City of Lexington that your vehicle has been qualified correctly.