Personal Property taxes are assessed each year by the Commissioner of Revenue's (COR) Office for all tangible personal property garaged within the City of Virginia Beach. The Treasurer is responsible for preparing, mailing, and collecting the taxes based on what the COR discovers to be unbilled tangible personal property.
The first billing for Personal Property taxes is due June 5th for the current calendar year. We prepare, mail, and collect various supplemental billings at the COR's request to collect for previous years undiscovered, as well as newly acquired tangible personal property. They may start as early as July 5th and may end the following May 5th. If the due date falls on a weekend, the deadline is extended to the following Monday.
All mailings are prepared in advance to be placed in the mail on the Friday before the preceding month's 5th date. This allows our citizens an extended time period to pay, over and above the State mandated 14 day billing period requirement.
Partial payments are accepted and encouraged by the Treasurer if you are not able to pay this bill in full at this time. However, payments not received or post marked by the due date are assessed with a penalty of 10% of the total tax or $10 whichever is greater, but not to exceed the amount of the bill plus interest at 9.6% per year. Pending reductions to your tax bill do not excuse you from the required penalty and interest charges for late payments.
If your bill is covered by bankruptcy, please notify us at (757)385-4701.
For questions regarding your assessment, please visit the Commissioner of Revenue's website by clicking here. If the COR finds that you were billed erroneously and exonerates your bill in full or in part, you will receive an Exoneration letter from us within two business days stating what the COR has determined to be your new balance. If a refund is determined to be due, the City Treasurer will first determine that no other City funds are delinquent and then prepare a refund. Based on State Code 58.1-3913, any tax or other charge that is delinquent must be collected prior to the issuance of a refund. The refund process takes approximately 4 weeks.