Falls Church City Continues to Implement the General Assembly’s Changes to the Personal Property (Car) Tax Relief Act (PPTRA). The General Assembly of the Commonwealth of Virginia has capped Tax Relief (PPTRA) at $2.02 million for the City of Falls Church. For 2017, the value of the state subsidy to individual taxpayers in the City of Falls Church is 44.05% of the qualifying tax levy. This is the effective amount the State is paying the City on your behalf. You are required to pay the difference directly to the City of Falls Church.
The PPTRA applies 44.05% relief only to the 1st $20,000 of a vehicle's assessed value and the remaining 55.95% of assessed value is the responsibility of the taxpayer. For example, Mr. Smith purchased a vehicle worth $15,000 in assessed value, at a taxing rate of 5%. The total tax on the vehicle for the year would be $750. PPTRA would cover $330.38 and the remaining $419.63is the taxpayer's responsibility.
PPTRA only applies to personal use vehicles; business use vehicles, motor homes, trailers and vehicles over 7501 lbs. do not receive tax relief. There is NO tax on vehicles with an assessed value of $1,500 or less. All qualified vehicles with an assessed value between $1,501 and $20,000 will receive tax relief of 44.05%%. Any assessed portion over the first $20,000 of a vehicle’s value will be taxed at 100%. The 2017 personal property tax rate is $5.00 per $100 of assessed value.