As promised, on Tuesday, Sept. 12, I joined my Board colleagues in taking action to address concerns related to FY24 vehicle personal property taxes. During the September 12 BOCS meeting, I authorized:
- Extending the vehicle personal property tax due date by 90 days, to January 3, 2024, providing residents with temporary relief as County staff explores longer-term relief options. (Read more.)
- Researching alternatives to JD Power for vehicle valuation in FY25 to determine whether or not it is still the most accurate tool for our market.
- Examining the feasibility and budget impacts of refunding taxpayers at rates of 5%, 10%, or 20%.
- Lobbying Virginia legislators to reform the 1998 Personal Property Tax Relief Act. Over the last year alone, Prince William residents saw the relief offered by this fund drop by nearly 12%. It is past time for the state to ensure that this program keeps pace with inflation and population growth in Virginia.
I appreciate the bipartisan support for these initiatives, and look forward to future conversations around relief to Prince William County taxpayers.