Fairfax County, Virginia (DC News Now) — In his planned two-year budget, Gov. Glenn Youngkin gets rid of personal property taxes on cars.
WalletHub did a study and found that Virginia has the highest car tax of any state in the U.S.
Counties are in charge of collecting the taxes, which are based on a portion of the value of the car. People in Virginia usually owe around $1,100 a year on a $26,000 car.
Youngkin wants to raise sales taxes in the state to make up for the lost cash. He also wants to lower income taxes for everyone.
A driver told DC News Now that his Audi SUV costs him about $3,500 a year to keep. Someone else said that the taxes on his Ford pickup truck are more than $1,000 a year. Both men were very excited about the idea of getting rid of the tax.
“I already do my part.” “They take it from my pay, and it’s for a car I already own,” the Ford owner said.
He said that he spends around $2,000 a year on his SUV.
“I don’t understand why we have to pay for it.” “You end up paying twice as much for your car that way,” he said.
There is already resistance to Youngkin’s plan in the General Assembly. Scott Surovell (D-36), who will be the next majority leader of the State Senate, said it was an important tax.
“No one I’ve met in my district likes the car tax.” Also, I have never met a constituent of mine who liked going to the doctor. “But we don’t get rid of dentists,” he said. “We pay for things with taxes. In this case, taxes pay for our schools.”
The sitting of the General Assembly starts on January 10, 2024.