Why Richmonders are probably seeing higher car tax bills this year

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...