Plan would give a credit based on a 52-cent rate cut, make 1st payments due Aug. 5
The Henrico County Board of Supervisors will consider a personal property tax relief proposal that would give residents an additional 60 days to make their first payments and provide a credit on year-end bills to offset higher-than-expected vehicle values. With the credits, the county would provide an effective 52-cent reduction to the personal property tax rate for 2022, based on current estimates.
In outlining the plan in a news conference today, officials said the Board of Supervisors will vote Tuesday, May 10 on an emergency ordinance that would delay by two months – from June 6 to Aug. 5 – the due date for the first installment of all personal property taxes without penalties or interest.
Continue reading Henrico proposes personal property tax relief to offset rising vehicle values
