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April 24, 2024
Question

Are personal property taxes paid to my county government deductible on my federal or state taxes?

  • April 24, 2024
  • 2 replies
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I paid personal property taxes on my vehicle to my local county government. Are these taxes deductible on my federal or virginia taxes?

2 replies

April 24, 2024

ifdf the taxes are based on value, then yes. if a flat fee then no. 

Employee
April 24, 2024

I believe VA only charges personal property taxes on motor vehicles.  They are deductible, but they fall under the $10,000 cap for all "state and local taxes", so if your income tax and real property tax is already more than $10,000, you won't get a benefit from adding more taxes.

 

In my county, there is a flat fee of (I think) $20 per vehicle, plus a charge based on the value of the vehicle.  Only the portion based on value is deductible, not the flat fee portion.