Commissioner of Revenue

Personal Property

Contact: Becky Kress

Personal Property definition 
Personal property is property owned by an individual or business which is not affixed to or associated with the land. Basically, personal property is everything except real property. Personal property for a business would include equipment, office furniture and equipment, cars/trucks purchased and used by the business, and, basically, everything that isn't "nailed down."

In other words, personal property is movable, while real property is not.
http://biztaxlaw.about.com/od/glossaryp/g/personalprop.htm

The Smyth County Board of Supervisors currently authorizes the taxation of the 
following items as Personal Property for an Individual:

Automobiles
Airplanes
Boats
Motorcycles
Trucks
Trailers
Watercraft
Antique Vehicles
Single-Wide Mobile Home   (Double-Wide listed on Real Estate) 

Information is collected from Department of Motor Vehicles, Department of Game & Inland Fisheries, Airport Commission, Building Inspector's Office and residents of Smyth County.

Ownership of Personal Property is based on ownership on Tax Day - January 1 of each year.


Filing requirements for Individuals:
Smyth County began a Filing by Exception program to reduce paperwork
and simplify taxpayer filing requirements for individuals.

As of January 1, 2011, individuals are no longer required to file a Form 762 Personal Property
Tax form unless they have had some type of change in status. 
This would include:
1) Name Change
2) Mailing Address Change
3) Physical Address Change
4) Title Change for Existing vehicle / boat / airplane / mobile home 
5)  Purchase vehicle / boat / airplane /mobile home 

Vehicles include any car, truck, motorcycle, or utility trailer registered with DMV. 

If you make a change with a vehicle / boat / airplane / mobile home, make sure to complete
and file a Form 762 Personal Property Tax form with the Commissioner of Revenue Office 
prior to May 1st of each tax year and inform the office the property is registered with.

Department of Motor Vehicles (DMV)        804-497-7100          dmvnow.com
Department of Game & Inland Fisheries    804-367-1000 http://www.dgif.virginia.gov/contact/
Mountain Empire Airport                                  276-783-8805

Jurisdiction of vehicle/ boat/ airplane / mobile home is based on location on tax day, January 1 of each year, which should match garaged location with DMV, Department of Game & Inland Fisheries, or Mountain Empire Airport.

If you have any questions, call the Commissioner of the Revenue office at 276-782-4040 ext. 3.