§ 40-213.1. Personal property returns—Motor vehicles and trailers.

(a)

Notwithstanding anything to the contrary in section 40-213(a), any person who has filed a personal property return for a motor vehicle or trailer, for which there has been no change in situs or status as hereinafter described, shall not be required to file another personal property return on such vehicle or trailer. The annual assessment and taxation of such motor vehicles and trailers shall be based on the most recent personal property return filed by the owner.

(b)

The owner shall file a new or amended personal property return with the commissioner of the revenue, as provided under section 40-213, when any of the following events occur:

(1)

A change in ownership due to purchase, acquisition, sale, trade or disposal.

(2)

A change in the name or address of the person or persons owning or leasing the motor vehicle or trailer.

(3)

A change in the use of the motor vehicle or trailer from personal to business use or vice versa.

(4)

Any event or occurrence which causes a motor vehicle or trailer to acquire or lose situs for taxation.

(5)

Any other change affecting the assessment or levy of personal property tax on the motor vehicle or trailer for which a return was previously filed.

The new or amended personal property return shall be filed with the commissioner of the revenue within thirty (30) days of a change in situs or other triggering event identified herein.

(c)

Nothing in this section shall preclude the commissioner of the revenue from assessing taxable personal property in accordance with this chapter and Title 58.1, Chapter 35, of the Code of Virginia.

(Ord. No. 6436-07)

(Ord. No. 6436-07)