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Council sets Personal Property Tax Relief percentage at 33 percent
Summary
Staunton City Council voted unanimously on Sept. 25 to set the Personal Property Tax Relief (PPTR) percentage at 33 percent for qualifying vehicles, continuing the same relief level as the prior year.
At its Sept. 25 meeting the Staunton City Council adopted a resolution establishing the Personal Property Tax Relief Act (PPTR) percentage at 33 percent for qualifying vehicles.
Maggie Reagan, commissioner of the revenue, presented the annual recommendation and said the city’s vehicle rolls and valuations showed no large shift that would require a change. She said the city has 26,271 taxable vehicles and reviewed common models and counts; she recommended maintaining the 33 percent rate approved the prior year.
Councilor Woods moved adoption of the resolution; the motion was seconded and passed on a roll-call vote with all members recorded as voting aye (Miss Woods; Mr. Shepherd; Mr. Campbell; Mr. Overholtzer; Miss Park; Vice Mayor Arrowood; Mayor Edwards). The resolution applies the state PPTR funds and the adopted percentage across qualifying vehicles in the city for the tax year.
Why it matters: The PPTR percentage determines the share of eligible vehicle tax liability covered under the state relief program; setting the percentage is an annual administrative action that governs how state relief funds are applied to local personal property tax bills.
What’s next: The adopted percentage will be applied to the city’s tax billing for qualifying vehicles for the tax year.
