2006 Code of Virginia § 58.1-3518.1 - Alternative method of filing returns for motor vehicles, trailers and boats

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 anycounty, city or town may provide by ordinance for an alternative method offiling personal property tax returns for motor vehicles, trailers and boats.Any such ordinance adopted pursuant to this section may provide for theannual assessment and taxation of motor vehicles, trailers and boats based ona previous personal property tax return filed by the owner or owners of suchproperty. For those whose name or address has not changed since a previousfiling and whose personal property has had no change in status or situs, theassessment and taxation of property may be based on a personal property taxreturn previously filed with the jurisdiction adopting such an alternativemethod.

B. Any jurisdiction adopting such an alternative method may require the ownerof a motor vehicle, trailer or boat to file a new personal property taxreturn whenever there is: (i) a change in the name or address of the personor persons owning taxable personal property; (ii) a change in the situs ofpersonal property; (iii) any other change affecting the assessment or levy ofthe personal property tax on motor vehicles, trailers or boats for which atax return has been filed previously; or (iv) any change in which a personacquires one or more motor vehicles, trailers or boats and for which nopersonal property tax return has been filed.

C. Nothing in this section shall preclude any jurisdiction from assessingtaxable personal property in accordance with 58.1-3519 or assessingpenalties and interest in accordance with 58.1-3916.

(1994, c. 292; 1996, c. 322.)