What is the Personal Property Tax Relief Act or PPTRA?
The State of Virginia has allocated funds to provide tax relief for qualifying vehicles in the County of Henrico. A qualifying vehicle is any passenger car, motorcycle, pickup or panel truck having a registered gross weight of less than 7,501 pounds. Furthermore, the vehicle must be owned or leased by an individual and NOT used for business purposes. A leased vehicle for personal (non-business) use will also qualify when the lessee is responsible for payment of the personal property tax by the terms of the lease agreement. The amount of tax relief is based upon the total dollars from the Commonwealth divided by the total tax of all qualifying vehicles in the County. The 2005 General Assembly capped the total cost of tax relief for the Commonwealth of Virginia at $950 million. It is possible that the portion of the total personal property tax on your vehicle that you have to pay may increase as the number of qualified vehicles in Henrico County increases. For additional information, vis
