Board of Supervisors Meeting Date: 

Raymond E. Graham, Chairman,  Cedar Run District Supervisor

August 10, 2006

Staff Lead:


Ross W. D'Urso, Commissioner of the Revenue

 Commissioner of the Revenue


A Resolution Establishing the Percentage Allocation of the Fixed Amount of State Personal Property Tax Relief for Qualifying Motor Vehicles


Topic Description:

The Personal Property Tax Relief Act of 1998, Virginia Code § 58.1-3523 et seq. (“PPTRA”), has been substantially modified by the enactment of Chapter 1 of the Acts of Assembly, 2004 Special Session I (Senate Bill 5005), and the provisions of Item 503 of Chapter 951 of the 2005 Acts of Assembly (the 2005 revisions to the 2004-06 Appropriations Act). As a result of these legislative enactments the County of Fauquier took affirmative steps to implement these changes. One of  these steps requires the computation and allocation of relief provided pursuant to the Personal Property Tax Relief Act, as revised.

Pursuant to Section 8-29.5 of the Code of Fauquier, the Board of Supervisors is to establish the percentage of relief that will be allocated to the taxpayers in a manner that is estimated to fully exhaust the fixed amount of relief provided by the Commonwealth for Tax Year 2006.  By Ordinance (Section 8-29.5(b)), the Board has established that qualifying vehicles valued at ($1,000.00) or less shall continue to receive 100% relief.  According to Section 8-29.5(c), relief with respect to qualifying vehicles with assessed values of more than ($1,000.00) shall be provided at a percentage, annually fixed and applied to the first ($20,000.00) in value of each such qualifying vehicle, which is estimated to fully use all available State personal property tax relief funding. That percentage is set out in the resolution.

The percentage was established by computing the growth in the tax base estimate for  Tax Year 2006, then applying a 100% relief amount to qualifying vehicles ($1,000.00 or less), then determining the pecentage of relief available to the balance of the qualifying fleet in an amount that is expected to fully exhaust the State relief for the taxpayers

Requested Action of the Board of Supervisors: 

Conduct a public hearing and consider adoption of the attached resolution.


Financial Impacts Analysis:

The FY07 Budget estimate was made in anticipation of this change and is not affected by this resolution.  This resolution merely establishes the highest level of relief the county is able to provide under the new state relief distribution


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

Commissioner of the Revenue

Back to Agenda...