Residents and businesses owning tangible assets like vehicles, machinery, or furniture within Winchester’s jurisdiction are subject to an annual levy based on the assessed value of these possessions. For example, a resident owning a car and a boat would pay an annual tax on both, with the amount due determined by each item’s assessed value.
These revenues are crucial for funding essential municipal services, including education, public safety, infrastructure maintenance, and community programs. The historical context of this tax dates back to the fundamental principles of local governance, providing a consistent revenue stream for communities to manage their own affairs. This system empowers municipalities to address local needs and enhance the quality of life for their residents.
