
Alexandria City Manager Jim Parajon is asking City Council to increase penalties for late personal property tax payments.
The news comes as City Council considers a real estate tax increase to fund a significant budget request from the Alexandria School Board.
Parajon wants to increase the late payment penalty from a flat rate of 10% to “a rate of 10% if paid within 30 days 20 after the due date, and 25% if paid more than 30 days after the due date,” according to the proposal that Council will receive on Tuesday, April 2.
The city’s personal property tax rate is $5.33 per $100 of the assessed value of vehicles, and $3.55 for vehicles retrofitted to accommodate disabled drivers.
The following residents can get an exemption on personal property taxes:
- Active-duty U.S. military personnel and their spouses
- Antique car owners
- Member of Congress and their spouses
- Foreign diplomats
- Disabled U.S. military veterans
Personal property tax bills are mailed in the summer and payments are due Oct. 5.