Personal Property Tax Relief Act (PPTRA) SummaryGovernor Gilmore signed the Personal Property Tax Relief Act (PPTRA) into law in May, 1998. This historic tax relief program was the first of its kind in the country and provides tax relief on the first $20,000 of value for qualifying vehicles.
Qualifying vehicles include passenger vehicles, motorcycles and pickup and panel trucks with a gross weight of 7,500 pounds or less that are predominantly used for personal use and are either privately owned or leased where the lessee pays the personal property tax.
Effective January 1, 2006, each county, city and town was given the authority to determine the amount of tax relief on qualified vehicles. Per changes to the Personal Property Tax Relief Act, delinquent tax bills for tax years 2001-2005 that remain unpaid as of September 1, 2005, will require the taxpayer to pay 100% of the original tax plus or including penalty and interest charges.
If you have questions regarding your amount of tax relief, qualifying vehicles, your tax rate, or the assessed value of your vehicle, contact the Commissioner of the Revenue or Director of Finance in your county, city or town. If you have questions regarding personal property tax payments, misplaced tax payment receipts, tax relief reduction, or explaining how the reduction was calculated on the bill, contact the Treasurer or Director of Finance in your county, city or town.
The following links provide general information regarding PPTRA for taxpayers and leasing companies.