2005 General Assembly changes to the

PERSONAL PROPERTY TAX RELIEF ACT

PLEASE READ CAREFULLY

Personal Property Tax Relief Effective January 1, 2006
The 2005 General Assembly capped the total cost of car tax relief for the Commonwealth at $950 million. Each locality’s share of the $950 million is based upon car tax relief reimbursements from the Commonwealth to the locality for tax year 2004.

The amount of car tax relief on each qualifying vehicle in the City of Norfolk is based upon total tax relief dollars received from the Commonwealth divided by the total tax on qualifying vehicles in the City of Norfolk. The dollar amount of tax relief applicable to your qualifying vehicle will appear on the face of your statement.

Effective September 1, 2006
Due to changes to the Personal Property Tax Relief Act enacted by the 2005 session of the General Assembly, please take NOTICE that tax relief reimbursement from the Commonwealth for calendar years 2001-2005 has been depleted. All delinquent personal property accounts now require the taxpayer to pay 100 percent of the original tax, plus accrued penalties and interest.

FOR MORE INFORMATION PLEASE CONTACT THE TREASURER’S OFFICE