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TextCountywide Dialogue on Transportation: Personal Property Tax
What Can You Do?
- Funding - Read about Fairfax County's additional funding options.
- Projects - View types of unfunded transportation projects being considered for Fairfax County.
- Engage - View public meetings calendar, and sign up to receive email updates for this project.
- Documents - View maps and other related documents for this project.
- Survey- Read overview summary of survey results
The Board has the authority to amend and adopt a new tax rate. The current property tax rate is $4.57 per $100. An increase of $0.01 would generate $1.1 million in revenues per a year.
Definition:
- A tax on cars, trucks, motor homes, motorcycles, trailers, campers, boats, outboard motors, planes, and business personal property.
Current Rate:
- $4.57 per $100.
Example Rate:
- $0.10 increase or $4.67 per $100 of assessed value.
Potential Annual Revenue at Example Rate:
- $11 million from Fairfax County residents and businesses.
Requirements:
- Board of Supervisors authorization.
Bond Eligibility?
- Not applicable.
Who Pays?
- Businesses, Fairfax County residents, and non-residents who have a vehicle normally garaged/parked in the county, even if registered in another state.
Who Doesn't Pay?
- Those who do not garage/park a vehicle in Fairfax County.
Effect on Household:
- After Personal Property Tax Relief, the average increase per household would be $7.30.
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