All cities and counties in Virginia have personal property taxes. The City of Radford taxes cars, trucks, buses, motorcycles, motor homes, trailers, and boats. This tax is assessed by the Commissioner of the Revenue while taxes are paid to the Treasurer.
Due Date Personal property taxes for the City of Radford are due December 5th of each year. There is a penalty required by the Virginia State Code for late payment of taxes. This penalty is 5% or $10, whichever is greater, but not to exceed the amount of the tax. The Treasurer is also required by the code to collect interest at an annual rate of 10% until payment is made. All delinquent accounts are assessed a $20 administrative fee after the due date per City Ordinance, Sect 2-59. These can also be paid via credit card.
Vehicles registered in the City of Radford will be taxed. Vehicles not registered with the Department of Motor Vehicles are also subject to tax if the vehicle is normally garaged, stored, or parked in the City with the exception of those exempted by law.
Virginia personal property tax is assessed by the Commissioner of the Revenue. Assessments are based on the average value of similar vehicles as listed in pricing guides such as the N.A.D.A (National Automobile Dealers Association) used car guide. Personal Property tax rates are set annually by the City of Radford City council.