Culpeper Residents Will Get a Break on Personal Property Taxes

According to the Freelance-Star Culpeper residents will receive a relief in personal property taxes this year. Vehicle owners will be paying less in personal property taxes.

"Sagging new car sales have hurt the automobile industry over the past year, but Detroit's loss will be the taxpayers' gain.

Yesterday the Culpeper County Board of Supervisors voted to up the county's personal property tax relief from 35 percent to 39 percent for this fiscal year.

The action will mean that vehicle owners will be paying a bit less in personal property taxes because there are more older cars out there and they are worth less.

'The overall value [of vehicles in the county] has decreased by 14.6 percent,' said Commissioner of Revenue Terry Yowell."

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Posted on Thursday, September 3, 2009 - 12:04pm