by Larry Chowning –
After a public hearing, the Middlesex County Board of Supervisors (MCBS) approved, 4-1, an ordinance on Tuesday, Jan. 3, to provide a 25% “one time” rebate to county personal property taxpayers by returning surplus tax revenues collected from qualifying vehicles.
The qualifying vehicles are automobiles, trucks of less and more than 10,000 pounds, motorcycles, business vehicles, and trailers, which include boat, cattle, horse, car, semi truck and utility trailers.
The problem arose across the state as vehicle shortages and values skyrocketed during the COVID-19 epidemic. Commissioners of the Revenue in Virginia are required by law to use a recognized pricing guide for the assessment of all vehicles. Along with most localities in Virginia, Middlesex uses the J.D. Power guide to determine fair market value as of Jan. 1, 2022, which reflected extremely high values…
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