Important changes for tax year 2017: Effective July 1, 2016, the Virginia General Assembly changed the registration requirements for personal use trucks with a gross weight between 7,501 and 10,000 pounds. The registration on these vehicles must be reclassified as pickups and have standard license plates not truck license plates. Once the truck is reclassified and is used less than 50% for business it will qualify for tax relief starting tax year 2017.
For tax years 2016 and prior:
The Commonwealth of Virginia provides funding for tax relief for passenger car, motorcycles, and pickup or panel trucks having a registered gross weight of less than 7,501 pounds. To qualify, a vehicle must be owned by an individual or leased by an individual under a contract requiring the individuals to pay the personal property tax; AND be used less than 50% for business purposes. Motor homes, trailers and farm use vehicles do not qualify for tax relief.