We moved to Virginia in 2022 and the amount I'm paying in personal property taxes each year for vehicles is ridiculous. Even Taxifornia doesn't have this tax.
Why does Virginia have this tax when they already have a state income tax?
Hi all, I tried googling but am getting inconclusive answers.. I recently moved to TX from a state that did NOT charge property taxes on vehicles.. Can anyone confirm if I will be needing to pay property taxes for Texas for my new- leased vehicle? Really hoping not😭 Sidenote- this is my first vehicle ever purchasing, so I am new to all of this stuff anyways.
Any help is appreciated & if it helps to know- I purchased an EV and got the $7500 tax credit.
EDIT- I had until April 2025 to submit a leasee's Property Tax Exemption Affidavit thingy... Thank GODDD. I called my bank (well, the company that I'm leasing through)- and they sent the form over IMMEDIATELY. Thank God.. I had been saving up ~$3k in anticipation.