Code of Virginia - Title 58.1 Taxation - Chapter 35 Tangible Personal Property, Machinery And Tools And Merchants' Capital

58.1-3500 Defined and segregated for local taxation
Tangible personal property shall consist of all personal property not otherwise classified by § 58.1-1100 as intangible personal property or by § 58.1-3510 as merchants' ...
58.1-3501 Tangible personal property leased to agency of federal, state or local government
The aggregate of all tangible personal property owned by any person, firm, association, unincorporated company, or corporation which is leased by such owner to any ...
58.1-3502 Tangible personal property leased, loaned, or otherwise made available to a private party from agen...
Any person, firm, association, unincorporated company, or corporation engaged in business for profit who or which leases, borrows or otherwise has made available to it ...
58.1-3503 General classification of tangible personal property
A. Tangible personal property is classified for valuation purposes according to the following separate categories which are not to be considered separate classes for rate ...
58.1-3504 Classification of certain household goods and personal effects for taxation; governing body may exe...
A. Notwithstanding any provision of § 58.1-3503, household goods and personal effects are hereby defined as separate items of taxation and classified as follows: 1. ...
58.1-3505 Classification of farm animals, certain grains, agricultural products, farm machinery, farm impleme...
A. Farm animals, grains and other feeds used for the nurture of farm animals, agricultural products, farm machinery and farm implements are hereby defined as ...
58.1-3506 Other classifications of tangible personal property for taxation
A. The items of property set forth below are each declared to be a separate class of property and shall constitute a classification for local ...
58.1-3506.1 Other classification for taxation of certain tangible personal property owned by certain elderly an...
The governing body of any county, city or town may, by ordinance, levy a tax on one motor vehicle owned and used primarily by or ...
58.1-3506.2 Restrictions and conditions
Any difference in the rates for purposes of this section shall be subject to the following restrictions and conditions: 1. The total combined income received, ...
58.1-3506.3 Permanently and totally disabled defined
For purposes of this article, the term "permanently and totally disabled" means unable to engage in any substantial gainful activity by reason of any medically ...
58.1-3506.4 Local restrictions and conditions; model ordinance
Notwithstanding the provisions of subdivisions 1, 2, and 3 of § 58.1-3506.2, the governing body of a county, city or town may by ordinance specify ...
58.1-3506.5 Application
A. The person applying under this article shall file annually with the commissioner of the revenue of the county, city or town assessing officer, or ...
58.1-3506.6 Notice of local tangible personal property tax relief program for the elderly and handicappe...
The treasurer of any county, city or town shall enclose written notice, in each tangible personal property tax bill, of the terms and conditions of ...
58.1-3506.7 Effective date; change in circumstances
A reclassification enacted pursuant to § 58.1-3506.1 may be granted for any year following the date that the qualifying individual reaches the age of sixty-five ...
58.1-3506.8 Description unavailable
Not set out. (1991, c. 646.) ...
58.1-3507 Certain machinery and tools segregated for local taxation only; notice prior to change in valuation...
A. Machinery and tools, except idle machinery and tools as defined in subsection D and machinery and equipment used by farm wineries as defined in ...
58.1-3508 Separate classification and exemption from state taxation of machinery, tools and supplies used in ...
A. Machinery or tools and repair parts therefor or replacements thereof, used directly in the harvesting of forest products for sale or for use as ...
58.1-3508.1 Separate classification of machinery and tools used in semiconductor manufacturing
Machinery and tools used in semiconductor manufacturing shall constitute a classification for local taxation separate from other classifications of machinery and tools as defined in ...
58.1-3508.2 Separate classification of machinery and tools used in other businesses.
Heavy construction machinery, including but not limited to land movers, bulldozers, front-end loaders, graders, packers, power shovels, cranes, pile drivers, forest harvesting and silvicultural activity ...
58.1-3509 Merchants' capital subject to local taxation; rate limit
The capital of merchants is segregated for local taxation only; however, no county, city or town shall be required to impose a tax on such ...
58.1-3510 Definition of merchants' capital
A. Merchants' capital is defined as follows: Inventory of stock on hand; daily rental vehicles as defined in § 58.1-2401; daily rental property as defined ...
58.1-3510.01 Separate classification of merchants' capital of pharmaceutical wholesalers
Merchants' capital reported as inventory of pharmaceutical wholesalers shall constitute a classification for local taxation separate from other classifications of merchants' capital as defined in ...
58.1-3510.1 Daily rental property tax
A. The governing body of any county, city or town may levy a tax in an amount not to exceed one percent, in addition to ...
58.1-3510.2 Renter's certificate of registration
Every person engaging in the business of short-term rental of tangible personal property shall file an application for a certificate of registration with the commissioner ...
58.1-3510.3 Exemptions; penalties
Provisions in §§ 58.1-609.1 through 58.1-609.11 of Chapter 6 relating to exemptions, §§ 58.1-635 and 58.1-636 relating to penalties, and § 58.1-625 relating to the ...
58.1-3511 Situs for assessment; nonresident exception; refund of tax paid to city or county; apportioned asse...
A. The situs for the assessment and taxation of tangible personal property, merchants' capital and machinery and tools shall in all cases be the county, ...
58.1-3512 When vessels and containers used in interstate and foreign commerce not deemed to have acquired a s...
Vessels regularly engaged in interstate and foreign commerce, physically present in a county, city or town on the first day of the tax year for ...
58.1-3513 When imports deemed to acquire situs
Goods imported in foreign commerce shall not acquire a situs for property taxation in the Commonwealth or any county, city or town thereof until they ...
58.1-3514 When cargo in transit not deemed to have acquired a situs for taxation
Cargo, merchandise and equipment in transit which is stored, located or housed temporarily in a marine or airport terminal prior to being transported by vessels ...
58.1-3515 Tax day January 1
Except as provided under § 58.1-3010, and except as provided by ordinance or special act in localities authorized to tax certain property on a proportional ...
58.1-3516 Proration of personal property tax
A. The governing body of any county, city or town may provide by ordinance for the levy and collection of personal property tax on motor ...
58.1-3516.1 Payment of taxes prorated under { 58.1-3516
Notwithstanding the contrary language of §§ 58.1-3515, 58.1-3518, 58.1-3913, 58.1-3915, and 58.1-3916, or subdivision B of § 58.1-3516, relating to the tax day, or tax ...
58.1-3516.2 Payment of taxes on leased property by lessee; information to be furnished by lessor
The lessor shall provide to every taxpayer that leases any motor vehicle pursuant to a contract that requires the lessee to pay the taxes thereon ...
58.1-3517 Department of Taxation to prescribe and furnish forms of returns; use of local forms
Blank forms of returns for reporting the classes of property mentioned in this chapter shall be prescribed by the Department of Taxation and furnished to ...
58.1-3518 Taxpayers to file returns
Every taxpayer owning any of the property subject to taxation under this chapter on January 1 of any year shall file a return thereof with ...
58.1-3518.1 Alternative method of filing returns for motor vehicles, trailers and boats
A. Notwithstanding the provisions of § 58.1-3518, the governing body of any county, city or town may provide by ordinance for an alternative method of ...
58.1-3519 Commissioner to assess property if taxpayer fails to file return
If any taxpayer, liable to file a return of any of the subjects of taxation mentioned in this chapter, neglects or refuses to file such ...
58.1-3520 Local permits required before moving a manufactured home to the place where it is to be used as a p...
No manufactured home, as defined in § 36-85.3, intended for use as a full-time place of residence shall be delivered to or located upon the ...
58.1-3521 Manufactured homes; proration of tax
Notwithstanding any other provision of this chapter, any city or county wherein a manufactured home, as defined in § 36-85.3, is delivered or moved after ...
58.1-3522 Assessment method for manufactured homes
Manufactured homes installed according to the Uniform Statewide Building Code shall be assessed at the same time as the assessment of the real property on ...

Last modified: April 3, 2009