Originally Posted by
taco
I don't know how they do it but they taxed me on a value that is more than I bought it for from the dealer brand new.
You can go to the Treasurer's office and have them fix it...if you have a bill of sale or some other proof of what you paid.
In Chesterfield, the tax rate is $3.60 for every $100 of assessed value. They generally go by the NADA book value, but you can have them reassess your value if you have high mileage or some other factor that you feel entitles you to a lower assessment.
VA pays 75% of the first $20k, you are responsible for the remainder. If you are late, you are responsible for the full amount.