Personal Property Tax Relief

Personal property tax relief, (PPTR) gives tax relief on the taxes due for the first $20,000 in assessed value on qualified personal vehicles. No relief is given on any assessment amounts over $20,000. For example, if the vehicle assessment is $26,000, tax relief will be given on the tax due on the first $20,000 and full tax will be due on the remaining $6,000. Owners of qualified vehicles with an assessed value of $1,000 or less receive a 100% exemption of the taxes due on that vehicle.

PPTR Eligibility

The Following Vehicles Are Eligible for PPTR

  • Leased vehicles are eligible when the lessee is responsible for direct payment of the personal property tax by the terms of the lease agreement
  • Vehicles owned or leased by an individual that are predominately used for non-business purposes and have passenger license plates. Vehicles are automobiles, motorcycles, pickups and panel trucks registered with DMV with a gross weight of 10,000 pounds or less

The Following Vehicles Are Not Eligible for PPTR

  • If the cost of the vehicle is expended pursuant to section 179 of the IRS Code
  • More than 50% of the depreciation associated with the vehicle is deductible as a business expense
  • More than 50% of the vehicle's mileage for the year is for business purposes
  • Vehicles with farm use tags