WCAV-WVAW-WAHU | Charlottesville, Virginia | News

Some Va. SUV Owners See Assessed Values Go Up

(AP Photo/Toyota Motors Corp.)

(AP Photo/Toyota Motors Corp.)

May 18, 2010

Some Fredericksburg residents who own sport-utility vehicles are seeing their personal property taxes go up.

Ray Hiatt says the tax rates are higher this year, but the assessed value of his SUVs went up, too. Hiatt says he paid $800 last year on his two vehicles, and this year he's paying $1,000.

Fredericksburg and nearby Spotsylvania and Stafford counties use the National Automobile Dealers Association values to appraise vehicles for personal property taxes.

Sean Snyder of the dealers association said the increase in value is happening because of supply and demand for those types of vehicles. Snyder said some of the increases in value ranged from slight gains to thousands of dollars.

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