Augusta County Personal Property Tax

Augusta County, Virginia is one of the many counties in the Commonwealth of Virginia that collects a personal property tax. The purpose of this tax is to fund the county’s public schools, public safety, and other government services. This article will discuss the details of the Augusta County personal property tax, including who is subject to the tax, what types of personal property are taxed, and how to pay the tax.

Who Pays the Tax?

Any person who owns personal property in Augusta County is subject to the personal property tax. This includes individuals, businesses, and organizations. The tax applies to all personal property that is owned as of January 1 of each year. Personal property is defined as any property that is not real estate, such as furniture, appliances, and vehicles.

What Types of Personal Property Are Taxed?

Augusta County’s personal property tax applies to all types of personal property, including automobiles, boats, and recreational vehicles. Additionally, it applies to any business equipment owned by businesses, such as computers, tools, and machinery. The tax also applies to intangible personal property, such as stocks, bonds, and other investments.

How Is the Tax Calculated?

The amount of tax owed on personal property is based on the fair market value of the property. Fair market value is determined by the Augusta County assessor and is based on the age and condition of the property. The tax rate for personal property is set by the Augusta County Board of Supervisors and is currently $4.20 per $100 of assessed value.

How Is the Tax Paid?

The Augusta County personal property tax is due on June 5 of each year. The tax can be paid online, by mail, or in person at the Augusta County Treasurer’s office. Anyone who fails to pay the tax by the due date will be subject to a 10% penalty. Additionally, if the tax remains unpaid for more than one year, the property may be subject to seizure and sale to satisfy the tax debt.

Conclusion

The Augusta County personal property tax is an important source of revenue for the county and helps to fund public schools, public safety, and other government services. Anyone who owns personal property in Augusta County is subject to the tax, which applies to all types of personal property, including automobiles, boats, and business equipment. The amount of tax due is based on the fair market value of the property and is set at a rate of $4.20 per $100 of assessed value. The tax is due on June 5 of each year and can be paid online, by mail, or in person at the Augusta County Treasurer’s office.