What is the personal property tax relief act?

The Personal Property Tax Relief Act of 1998 (PPTRA) provides tax relief for passenger cars, motorcycles, and pickup or panel trucks having a registered gross weight of less than 7,501 pounds. City Council has passed a resolution that states 47.40% is the set percentage of PPTRA to be applied to personal use vehicles valued between $1,001 and the first $20,000. To qualify, a vehicle must:

  • Be owned by an individual or leased by an individual under a contract requiring the individual to pay the personal property tax
  • Be used less than 50 percent for business purposes

In addition, you must file and sign your blue tangible personal property form annually and return it to the Commissioner of the Revenue office by May 1st.

Show All Answers

1. What is generally considered personal property for taxation purposes?
2. How is the amount of tax to be levied on personal property determined?
3. Does the City of Martinsville prorate personal property taxes for property sold, transferred, or disposed of during the year?
4. If I move out of Martinsville or sell my motor vehicle during the tax year, am I responsible for paying taxes for the full year?
5. What is the personal property tax relief act?
6. Does my vehicle qualify for car tax relief?
7. How is personal property assessed?
8. How do I appeal the assessed value of my vehicle?
9. If my vehicle is unused or unregistered at Department of Motor Vehicles, do I still need to register with the commissioner's office and pay personal property taxes?
10. Where may local tax returns be filed?