Personal Property Tax Relief (PPTRA)

Information as of 2023

The State of Virginia has allocated funds to provide tax relief for qualifying vehicles in the County of Henrico. The amount of tax relief is based upon the total dollars from the Commonwealth divided by the total tax of all qualifying vehicles in the County. The 2005 General Assembly capped the total cost of tax relief for the Commonwealth of Virginia at $950 million. It is possible that the portion of the total personal property tax on your vehicle that you have to pay may increase as the number of qualified vehicles in Henrico County increases. The tax rate shall be applied in full to that portion of the value in excess of $20,000 for each qualifying vehicle.

Owners of qualified vehicles assessed at $1,000 or less will receive 100% tax relief on that vehicle. If the qualified vehicle is assessed at more than $1,000, tax relief will be given at a rate of 42% (up to a maximum of $20,000 in assessed value) for 2023.

Qualifications

A qualified vehicle is any passenger car, motorcycle, pickup or panel truck having a registered gross weight of less than 10,001 pounds. If your vehicle meets any of the following criteria, then your vehicle is considered predominantly used for business purposes and does not qualify for Personal Property Tax Relief. Therefore, the taxpayer would be responsible for full payment of the tax:

• More than 50% of the mileage for the year is claimed as a business expense for Federal Income Tax purposes OR is reimbursed by an employer.
• More than 50% of the depreciation associated with the vehicle is deducted as a business expense for Federal Income Tax.
• The cost of the vehicle is expensed pursuant to Section 179 of the Internal Revenue Service Code.
• The vehicle is leased by an individual and the leasing company pays the tax without reimbursement from the individual.

Motor homes, trailers and farm use vehicles do not qualify for tax relief.

Application

The Vehicle Use Certification Form must be completed and submitted for the qualifying year by April 1st, with the Revenue Division.

The application is available for pick up and submission at the Western Government Center and Eastern Government Center. They can also be printed off from this website and mailed to:

Revenue Division
Vehicle Section
County of Henrico
P.O. Box 90775
Henrico, VA 23273