In Caroline County, Virginia, tangible personal property owned by individuals and businesses is subject to an annual assessment. This includes items such as vehicles, boats, trailers, machinery, and business equipment. The tax rate is set annually by the County Board of Supervisors and applied to the assessed value of the property.
This levy provides essential funding for vital county services, including education, public safety, infrastructure maintenance, and parks and recreation. The stable revenue stream generated by this tax allows the county to maintain its operations and invest in community improvements, ultimately contributing to the quality of life for residents and supporting local businesses. The historical basis for this tax stems from the long-standing tradition of property taxation as a means of funding local governments in Virginia.
