Personal Property Tax: Do Roanoke County Residents pay it on this huge list of items? (Boydton: mobile home)

[Jon_77479]

Virginia Tax Form 762 asks you to report ownership of a huge list of items so you can pay yearly personal property tax on them:

The posts I have read on this forum about Roanoke Personal Property Tax make it seem like people only pay this tax on automobiles, boats, motorcycles, and RVs.

But Form 762 asks you to list: Books used in a profession; pianos; all other musical instruments; refrigerators; freezers; sewing machines; dryers; vacuum cleaners, air conditioners; televisions, watches and clocks; tools; bicycles; lawn mowers; furniture; jewelry; precious metals; firearms...and many other items!

Do you people (in Roanoke County) really list all those items and pay PPT on them each year?

The form specifically states that you have to write "none" next to each item that you do not own, so you can't just list your car and leave the other items blank and claim incompetence, and you can't write "none" if you do indeed own the other items because that is intentional deception/tax fraud and punishable.

So what is the true story here?

[gemstone1]

"Do you people (in Roanoke County) really list all those items and pay PPT on them each year?"

That looks to be a VA State form, applicable to all VA counties...I understand you are hoping for someone in your county to reply, but good luck getting any VA resident to answer honestly....with the ever present practice of harvesting and sharing of social media data, who would knowingly open themselves up to such scrutiny ?
If you only pay county PPT, consider yourself lucky....I also get to pay the same amount of PPT to my town (of 400 people), just for the privilege of living within the town limits. Shame on me for not doing my due diligence. What really sets me off is paying PPT to the town on my boat that resides outside of the town limits, but within the county.

Regards
Gemstone1

[nm9stheham]

Originally Posted by Jon_77479

Virginia Tax Form 762 asks you to report ownership of a huge list of items so you can pay yearly personal property tax on them:

The posts I have read on this forum about Roanoke Personal Property Tax make it seem like people only pay this tax on automobiles, boats, motorcycles, and RVs.

But Form 762 asks you to list: Books used in a profession; pianos; all other musical instruments; refrigerators; freezers; sewing machines; dryers; vacuum cleaners, air conditioners; televisions, watches and clocks; tools; bicycles; lawn mowers; furniture; jewelry; precious metals; firearms...and many other items!

Do you people (in Roanoke County) really list all those items and pay PPT on them each year?

The form specifically states that you have to write "none" next to each item that you do not own, so you can't just list your car and leave the other items blank and claim incompetence, and you can't write "none" if you do indeed own the other items because that is intentional deception/tax fraud and punishable.

So what is the true story here?

Under VA statutes (State Code Section 58.1-3518), each municipal authority can omit taxation on personal property items "which does not have sufficient value to generate a tax assessment". For any individual's personal property, it seems that all over VA, the only things taxed are vehicles, including, RV's boats, mobile homes, boats, etc. It has been this way as long as I can recall (and I am in my late 60's). The Roanoke County site linked here seems to verify this for individuals: https://www.roanokecountyva.gov/453/Personal-Property

There is a phone number at the bottom of that linked page that you can call. I'd encourage you to do so.

I question if the 762 form applies to individuals. The TITLE of the form appears to mean it is for businesses, who pay this same tax (called "business personal property tax") not only on vehicles, but also on tools, inventory, computers, and everything else on that form. If the OP picked up this form on some generic tax website, then it may well be the wrong form for an individual in Roanoke County. I run a business in Augusta County, and the business pays the 'business personal property'; we have to list the tangible equipment assets for the business, and add to it each year if we acquire new equipment. Augusta County has their own forms for this.

[nm9stheham]

Originally Posted by gemstone1

If you only pay county PPT, consider yourself lucky....I also get to pay the same amount of PPT to my town (of 400 people), just for the privilege of living within the town limits. Shame on me for not doing my due diligence. What really sets me off is paying PPT to the town on my boat that resides outside of the town limits, but within the county.

I just looked up Boydton's personal property tax rate and it is relatively low at $0.88 per $100 of value. Mecklenburg County is $3.36 per $100.



It may be that you are paying part of this tax to the Town of Boydton and the other part to Mecklenburg County....??? You would have to pool at the assessed item values and the tax on each item to see what effective overall rate to which it added up. It seems odd that you would pay to both municipal gov'ts.....

[Watchful]

Originally Posted by nm9stheham

Under VA statutes (State Code Section 58.1-3518), each municipal authority can omit taxation on personal property items "which does not have sufficient value to generate a tax assessment". For any individual's personal property, it seems that all over VA, the only things taxed are vehicles, including, RV's boats, mobile homes, boats, etc. It has been this way as long as I can recall (and I am in my late 60's). The Roanoke County site linked here seems to verify this for individuals: https://www.roanokecountyva.gov/453/Personal-Property

There is a phone number at the bottom of that linked page that you can call. I'd encourage you to do so.

I question if the 762 form applies to individuals. The TITLE of the form appears to mean it is for businesses, who pay this same tax (called "business personal property tax") not only on vehicles, but also on tools, inventory, computers, and everything else on that form. If the OP picked up this form on some generic tax website, then it may well be the wrong form for an individual in Roanoke County. I run a business in Augusta County, and the business pays the 'business personal property'; we have to list the tangible equipment assets for the business, and add to it each year if we acquire new equipment. Augusta County has their own forms for this.

THANKS so much for the info.

[Tawoll]

I've lived in Virginia for over 50 years and I have never had to complete Form 762. As far as I know, it only applies to business property.

When you move to a Virginia county, city, or town you have a set time to report to the Commissioner of Revenue personal property, as defined by the local jurisdiction (see their web site for details) and it's usually limited to motor vehicles, including aircraft and watercraft.

[ExAustin]

What about witchcraft?

[nm9stheham]

That's only in Massachusetts. In olden days, it was a pretty serious 'tax' LOL

[Rabrrita]

Originally Posted by ExAustin

What about witchcraft?

So long as you are not turning people into frogs or casting spells for profit, the purchase of cauldrons, cloaks and bat parts are not subject to Virginia's personal property tax. However, you will want to check since getting plates for brooms could trigger the personal property tax as it would be considered a vehicle.