The City of Virginia Beach levies an annual tax on vehicles registered within its jurisdiction. This assessment is based on a vehicle’s assessed value, determined by the National Automobile Dealers Association (NADA) recognized pricing guides, typically reflecting the average loan value. For example, a resident owning a vehicle with an assessed value of $10,000 would owe a tax amount calculated using the city’s current tax rate applied to that value.
This tax revenue serves as a crucial funding source for essential city services such as schools, public safety, infrastructure maintenance, and community programs. Historically, vehicle taxes have played a significant role in local government funding across the Commonwealth of Virginia. Fair and accurate vehicle assessments are essential for equitable distribution of this tax burden and responsible resource allocation within the community.
