TREASURER
PERSONAL PROPERTY TAX
Lexington imposes a tax on personal property. The City
of Lexington is a prorating locality. Even though the tax year
runs from January 1 - December 31, you are only billed for the
period of time you actually own the vehicle.
The Commissioner of Revenue assesses personal property and
determines tax due.
The Treasurer mails bills for the personal property tax twice
a year. The first payment, payable to Lexington Treasurer, is
due June 5, and the second is due December 5.
Personal Property Tax Relief
The Personal Property Tax Relief Act of 1997 provides tax relief
for vehicles locally registered within the Commonwealth of Virginia.
The Tax Relief Act provides that the tax on the first $20,000
of value on your personal car, motorcycle, and pickup or panel
truck under 7,501 pounds be reduced by 27.5% in tax year 1999,
47.5% in tax year 2000, 70% in tax year 2001, and 100% in 2002.
The Act eliminates the tax on vehicles valued at $1,000 or less.
The Commissioner of the Revenue determines whether a vehicle
qualifies for this tax relief.
If You Do Not Receive a Property
Tax Bill
Anyone who owns personal property or acquires additional property,
excluding those with exemptions, should receive a tax bill approximately
four weeks prior to the due dates of June 5 and December 5. If
you do not receive a bill, contact the Treasurer's Office before
the due date at (540) 462-3707. The appropriate information can
be given over the telephone. It is preferable, but not necessary,
to have the bill or a copy of the bill in order to make payment.
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