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    Sec. 36-149.1. Personal Property Tax on Motor Vehicles, Trailers and Boats.

     

    Sec. 36-149.1. Personal property tax on motor vehicles, trailers and boats.
     
    (a) Tax liability. There shall be a personal property tax at the rate established in Section 36-149 on motor vehicles, trailers and boats (taxable property) which have a situs within the city on January first of each year and which acquire a situs within the city on or after January second, 1985, and all years thereafter. When taxable property acquires a situs within the city on or after January second, the personal property tax for that year shall be prorated on a monthly basis. When taxable property with a situs in the city is transferred to a new owner, personal property tax will be assessed to the new owner prorated on a monthly basis for the portion of the tax year during which the new owner owns the taxable property. For purposes of proration, a period of more than one-half (1/2) of a month shall be counted as a full month and a period of less than one-half (1/2) of a month shall not be counted. All taxable property shall be assessed as of January first of each year or, if it acquires situs or has its title transferred after January first, as of the first day of the month in which the taxable property acquires situs within the city or has its title transferred.
     
    (b) Refunds. When any taxable property loses its situs within the city or its title is transferred, the taxpayer shall be relieved from personal property tax and receive a refund for personal property tax already paid, prorated on a monthly basis, upon application to the commissioner of the revenue; provided, that application is made within three (3) years from the last day of the tax year during which the taxable personal property lost situs or had its title transferred. No refund of less than five dollars ($5.00) shall be issued to a taxpayer, unless specifically requested by the taxpayer. No refund shall be made if the taxable property acquires a situs within the Commonwealth in a non pro-rating locality. When any taxable property loses its situs within the city and acquires a situs within another state the taxpayer shall not be entitled to a refund except upon a showing of sufficient evidence that the taxpayer has been assessed and has paid taxes on such taxable property for the remainder of the tax year to such state.
     
    (c) Filing dates. Taxable property which acquires a situs within the city or which has its title transferred after January first of a tax year shall be filed within thirty (30) days of the date on which situs is acquired or title is transferred.
     
    (d) Payment dates. Taxes on all taxable property with a situs within the city on January first of each year shall be paid in two installments of June fifth and December fifth of such tax year. Taxes on all taxable property which acquires a situs within the city or has its title transferred after January first of a tax year for the preparation of personal property tax bills for the tax year shall be paid in two installments of June fifth and December fifth of the tax year. Taxes on all taxable property which acquires a situs within the city or has its title transferred after May 1 shall be paid within fourteen (14) days from the date of assessment.
     
    (e) Late payment penalty. Any person who fails to pay any personal property taxes on or before the installment due dates as provided above shall incur a penalty of ten per cent (10%) of the total amount of the tax levied, including any amount to be paid by the Commonwealth, which penalty shall become a part of the taxes due.
     
    (f) Exemption when taxes paid elsewhere in commonwealth. An exemption from this tax and penalties arising therefrom shall be granted for any tax year or portion thereof during which the property was legally assessed by another jurisdiction in the commonwealth, and such tax on the assessed property was paid.
     
    (g) Notwithstanding any other provisions of this chapter, the provisions of this section shall also apply to all motor vehicles, trailers and boats used in a trade or business which acquire a situs within the city during a tax year. (Ord. No. O-84-277, § 1, 11-27-84, eff. 1-1-85; Ord. No. O-91-242, 10-8-91; Ord. No. O-93-299, 11-9-93; Ord. No. O-01-205, 11-27-01; Ord. No. O-02-042, 3-12-02; Ord No. O-05-091, 7-12-05, eff. 1-1-06; Ord. No. O-05-150, 11-22-05, eff. 1-1-06; Ord. No. O-06-121, 9-12-06)
     
    Last updated date: 10/23/2006 4:15:21 PM