Commissioner of the Revenue
270 West Courthouse Road
P.O. Box 5
Nottoway, Virginia 23955
(434) 645-9317
(434) 645-9224
commish@hovac.com
http://www.state.va.us
Nottoway County collects revenue in a variety of ways. Real estate and
personal property constitute the major source of taxable revenue. Responsibility
of assessing taxable real estate and personal property is held by the
Commissioner of the the Revenue.
The Commissioner, with assistance of a periodic countywide property re-assessment,
building permit information, and Department of Motor Vehicle records,
fixes fair market value on which the tax rate is attached. The tax rate
is set by the Board of Supervisors on an annual basis.
Real estate worth is re-evaluated approximately every five years by independent
land assessing contractors. The Commissioner of the Revenue is responsible
to assess value of new homes and changes in existing homes that alter
the fair market value between re-assessment years.
Personal property (mostly personal vehicles) is based on the location
of the property on January 1st of the taxable year. Vehicle value is based
on the "loan" value of similar vehicles as listed in pricing
guides such as the National Automobile Dealers Association (NADA) used
car guides.
Tangible personal property used in a trade or a business (furniture,
fixtures, computers, machinery & tools) is also valued by the Commissioner’s
office. The office uses a depreciating scale to determine value from one
year to the next.
The Commissioner also issues county business licenses. Gross receipts
are used to set the license fee.
| Tax Calendar |
| January 15 |
Voucher #4—Estimated Income Tax |
| March 1 |
County Business License |
| May 1 |
State Income Tax
Voucher #1—Estimated Income Tax
Form 762 Declaration of Personal Property
|
| June 15 |
Voucher #2—Estimated Income Tax |
| September 15 |
Voucher #3—Estimated Income Tax |
| December 5 |
Real Estate & Personal Property due |
 Virginia Personal Property Form 762
Virginia Tax Forms
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