
Some Richmonders are experiencing sticker shock when opening their annual car tax bills, which started hitting local mail and inboxes last week. Why it matters: The tax break locals have been getting on their personal property bills since 2022 dropped significantly this year. The big picture: Each year, every Virginia locality get state funds to offer residents personal property tax relief on the first $20,000 of their car's assessed value. Due to COVID-era surges in car values, Richmond City Council approved in 2022 a stair-step approach to how much car...