Nottoway County collects revenue in a variety of ways. Real estate and personal property constitute the major source of taxable revenue. Responsibility of assessing taxable real estate and personal property is held by the Commissioner of the the Revenue.
The Commissioner, with assistance of a periodic countywide property re-assessment, building permit information, and Department of Motor Vehicle records, fixes fair market value on which the tax rate is attached. The tax rate is set by the Board of Supervisors on an annual basis.
The Nottoway County Commissioner of the Revenue assesses the taxes and the Treasurer’s office mails out the bills and collects the money due. Any discrepancies found on the bill should be addressed to the Commissioner of the Revenue. The Treasurer’s office does not have the authority to make any changes.
Nottoway County does a reassessment every six years by an independent land assessing contractor. The Commissioner of the Revenue does not have the authority to change what is assessed by the re-assessment company. The tax payer is given opportunities to discuss the value with the re-assessment company and the Board of Equalization if they feel the value is unfair. The commissioner of the Revenue is responsible to assess value of new homes and changes in existing homes in between re-assessment years. The Commissioner of the Revenue is responsible to assess value of new homes and changes in existing homes that alter the fair market value between re-assessment years.
Personal property (mostly personal vehicles) is based on the location of the property on January 1st of the taxable year. Vehicle value is based on the “loan” value of similar vehicles as listed in pricing guides such as the National Automobile Dealers Association (NADA) used car guides.
Tangible personal property used in a trade or a business (furniture, fixtures, computers, machinery & tools) is also valued by the Commissioner’s office. The office uses a depreciating scale to determine value from one year to the next.
The Commissioner also issues county business licenses. Gross receipts are used to set the license fee.
**NEW FOR 2020**
If you are obtaining a license for the first time (and you are not using your name as the business name) you will need to obtain a “Fictitious Name” Certificate from the State Corporation Commission. The link to fill this out is http://www.scc.virginia.gov/clk/formfee.aspx.
There are options to fill out online or by mail. Please have this done before applying for a license. If you have questions, please call.
If you are a Contractor we are required to obtain a Contractor’s Certificate of Worker’s Compensation Insurance Form from you. Starting 2017 you will need to file that form electronically. Print the form when completed with the confirmation number. We will need a copy of this confirmation page before we are permitted to issue a license.
|January 15||Voucher #4—Estimated Income Tax|
|March 1||County Business License|
|May 1||State Income Tax
Voucher #1—Estimated Income Tax
Form 762 Declaration of Personal Property
|June 15||Voucher #2—Estimated Income Tax|
|September 15||Voucher #3—Estimated Income Tax|
|December 5||Real Estate & Personal Property due|
Definition for a tax-exempt antique motor vehicle
This definition is mentioned in Part I, subsection 1e, on Virginia Form 762 for 2011.
Antique motor vehicle is a vehicle that is more than 25 years old and is owned solely as a “collectors item” which may not be used for general transportation purposes. Definition of a Taxable Antique Motor Vehicle used for general transportation purposes
- The physical condition of the license plates have been inspected and approved by the department.
- The license plate or plates are registered to the specific vehicle by the department.
- The owner of the vehicle periodically registers the vehicle with the department and pays a registration fee for the vehicle equal to that which would be charged to obtain regular state license plates for that vehicle.
- The vehicle passes a periodic safety inspection as provided in Article 21 (code book 46.2-1157 et seq.) of Chapter 10.
- The vehicle displays current decals attached to the license plate, issued by the department, indicating the valid registration for the vehicle.
Any request under the Freedom of Information Act needs to be sent to: Christy Hudson, Commissioner of the Revenue, PO Box 5, Nottoway, VA 23955, 434-645-9317.
Uniform Depreciation Schedule:
|6th year & prior||10%|
Machine & Tools Depreciation Schedule:
|1st -3rd year||70%|
|4th -7th year||60%|
|8th & prior years||30%|