Property Tax information
Business License
New Kent County Code requires any person engaging in business,
trade or profession in New Kent County shall apply for a business license
prior to conducting business.
Exceptions: Direct sales less than $4000 in gross sales annually-
Manufacturing
Out of County Contractors are required to obtain a local license when
annual gross receipts in New Kent County reach $25,000.
New license applications should include the following:
License Application
Certification of Zoning (in county businesses only)
Workers' Compensation (contractors only)
Renewal Applications should include:
License Application
Workers' Compensation (contractors only)
Tangible Business Property Report
License renewals are due by March 1 each tax year and are based upon
annual gross receipts.
Business Property
The Commissioner of Revenue is responsible for the assessment of tangible
business property. Business property includes, but is not limited to,
fixtures, furniture, equipment and Machinery & Tools. Businesses are assessed
based on the property owned as of January 1 of each tax year. We utilize
the purchase price and acquisition date along with the chart below to
assess business property. Business Property Returns are due by March 1
of each tax year.
Business Property rate $3.75 per $100 of value
Machinery & Tool rate $1.50 per $100 of value
Business Furnishings & Equipment
| 1-3 years |
55% |
| 4-6 years |
30% |
| 7 & older |
10% |
Business Computers
| 1 year |
60% |
| 2 years |
35% |
| 3-4 years |
10% |
Obsolete (determined
by Commissioner) |
0% |
Machinery & Tools
| 1-3 years |
35% |
| 4-6 years |
30% |
| 7-10 years |
25% |
| 11 & older |
20% |
| Idle |
NON TAXABLE |
Cablevision, Direct TV & Delivery equip, feeder cable,
Satellite Antennae, dish, etc.
| 1-3 years |
65% |
| 4-6 years |
45% |
| 7 & Older |
25% |
Personal Property
General Information
The Commissioner of the Revenue is responsible for the assessment of
tangible personal property owned by individuals. Tangible personal property
includes automobiles, trucks, buses, motorcycles, motor homes, trailers,
semi-trailers, aircraft and boats.
New Kent County is a non-prorating locality for personal property taxes.
This year's taxes are based on what is owned as of as of January 1 of
the tax year.
Vehicles located in New Kent County are required to display a valid county
decal. Permanent decals will be issued beginning with tax year 2010 and can be obtained from the Treasurer's Office. Prior to obtaining a decal for a new vehicle, the vehicle must be registered with DMV and the vehicle information must be filed with the Commissioner's Office. For more information regarding decals, contact the Treasurer at (804) 966-9615.
For the first year of taxation, the January 1 edition of the appropriate NADA Appraisal Guide is used in the assessing of motor vehicles, boats, & campers. The aircraft Value Reference Guide is used in the assessment of airplanes. When an assessment cannot be performed by NADA, a percentage rate of the previous year's assessment will be made based on the model year.
Filing & Return Dates
| March 1 |
|
Business License renewal due |
| March 1 |
Business tangible property report due |
| July 1 |
Real Estate Tax relief for the Elderly Due |
| May 1 |
Estimated Tax Payment #1 Due (Vouchers # 2,
#3 & #4 sent to Treasurer's Office) |
| Beginning of May |
Personal Property reports mailed |
| July 1 |
Personal Property report return due (Mileage,
condition or other changes must be reported by this day) |
| December 5 |
Real Estate and Personal Property Taxes due |
Tax Rates
New Kent County Tax Rates for 2011 (all are rate/$100 Assessed Value)
| Real Estate |
$0.70 |
| Tangible Personal Property |
$3.75 |
| Machinery & Tools |
$1.50 |
| Aircraft |
$0.75 |
| Handicap Equipped Vehicles |
Exempt |
| Mobile Home |
$0.70 |
High Mileage Discounts
New Kent County offers a discount for vehicles with high mileage or rough
condition. You may report your mileage and/or condition on your property
report or you may call our office. Mileage should be reported annually
based upon January 1 of the tax year. All Mileage is to be reported by
July 1 to be considered for that tax year. For more information, contact
the Commissioner's Office at (804) 966-9610.
Vehicle Decals
Requirements
Vehicles are registered with the Commissioner of Revenue's Office.
Beginning in tax year 2010 a permanent decal will be issued from the Treasurer's Office for each vehicle garaged, stored, or parked in the County. Prior to receiving a County decal,
each vehicle must be registered with the State Department of Motor Vehicles.
Decal information can be obtained from the New
Kent Treasurer's Office at (804) 966-9615.
