How are taxicabs taxed in Loudoun County?
Taxicabs are considered a separate class of property for valuation purposes as defined in Virginia Code Section 58.1-3503, and are taxed at the general personal property rate, which is currently $4.20. Due to excessive wear and high mileage, taxicabs are assessed at 50% of the clean loan value published in the January 1, Eastern Edition N.A.D.A. (National Automobile Dealers Association) Official Used Car Guide or the January 1, National Edition N.A.D.A. Official Older Used Car Guide. Prior model year vehicles not listed in the guide are assessed at 37.5% of the MSRP. Current model year vehicles not listed in the guide are assessed at 45% of the MSRP as listed in the New Car Cost Guide. Subsequent model year vehicles not listed in the guide are assessed at 50% of cost as reported to the Department of Motor Vehicles. Since taxicabs are used for business purposes, they do not qualify for personal property tax relief.

Show All Answers

1. What type of property is taxable?
2. Which vehicles are subject to the Vehicle Personal Property Tax?
3. Is it possible for the assessed value of my vehicle to be higher this year than it was last year?
4. If my vehicle has been subject to a recent factory recall, will the assessment decrease?
5. Does a new car manufacturer’s rebate reduce the original cost basis of a new vehicle for purposes of personal property tax assessment?
6. If I disagree with the county's assessment of my property, how can the value be changed?
7. What is unusually high mileage?
8. How are taxicabs taxed in Loudoun County?
9. How are antique motor vehicles assessed?
10. How are mobile homes assessed?
11. How are Recreational Vehicles, Motor Homes, and Campers assessed?