Board of Supervisors Meeting Date: 

Chester W. Stribling, Lee District Supervisor

June 14, 2007

Staff Lead:


Ross D’Urso, Commissioner of the Revenue

Commissioner of the Revenue


A Work Session to Discuss a Proposed Ordinance Amendment to Chapter 8 of the Code of Fauquier County to Codify Certain Personal Property Tax Classes, Add a New Classification for Large Interstate Trucks and Reestablish the Tax Rates on Said Property for the 2007 Tax Year


Topic Description:

Section 58.1-3506 (A) of the Code of Virginia authorizes counties to establish classes of property that constitute a classification for local taxation separate from the general classification of tangible personal property.   The Board of Supervisors has established separate classes in the past as a part of the budget process.  It is the Board’s intent to codify these separate classes that currently exist and establish an additional separate class of personal property as provided for in Section 58.1-3506(A) (24).  The property is defined as:  Motor vehicles, trailers, and semitrailers with a gross vehicle weight of 10,000 pounds or more used to transport property for hire by a motor carrier engaged in interstate commerce

A request was made to the Commissioner of the Revenue to estimate the fiscal impact of reducing the tax rate on large interstate registered trucks and trailers and to provide the necessary offset on recreational vehicles.  The current database cannot be refined to the level that would reflect the vehicles that may ultimately qualify; however, the number and assessed values of those vehicles identified as Apportioned Tag and “For Hire” is available, and the following analysis is provided on the basis that all of these vehicles could potentially qualify for the lowered rate. 


Requested Action of the Board of Supervisors: 

Conduct a work session.

Financial Impacts Analysis:

See below: 

                                                  Current          Assessed        FY 2007 Tax       Proposed     Change in
General Personal Property        Tax Rate                Value              Assessed        Tax Rate      the Yield
Trucks and Trailers over                4.65       $8,467,300        $393,729.45           3.00      ($139,710.45) over 10,000 Ibs            


                                                      Current          Assessed     FY 2007 Tax      Proposed       Change in 
Tax Class                                     Tax Rate               Value           Assessed        Tax Rate       the Yield  

RV's, Campers, Horse Trailers            1.50     $15,194,646    $227,919.69           2.25        $113,959.85
Boats                                                   1.50       $3,209,478    $ 48,142.17           2.25          $24,071.09
Fire & Rescue                                     0.25       $2,366,836        $5,917.09           0.25                  $0.00
Handicapped Equiped                         0.05          $568,240           $284.12           0.05                   $0.00
                                                                        $34,204,180    $880,484.64                         $138,030.93


Identify any other Departments, Organizations or Individuals that would be affected by this request:

Commissioner of the Revenue

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