The office of the Commissioner of the Revenue is established by the Constitution of Virginia. The Commissioner is elected every 4 years to serve as the chief assessing officer of a locality.
Typically, the duties of the Commissioner are as follows:
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Registering Personal Property
Personal property includes cars, trucks, motorcycles, trailers and boats. Businesses also pay tax on personal property used in a trade or business, including but not limited to furniture, fixtures, machinery and other equipment.
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Assessing Personal Property
According to the Code of Virginia, personal property when assessed for taxation, must be assessed at fair market value. Annually, using pricing guides like N.A.D.A. and tables based on purchase prices the Commissioner will assess over 150,000 items.
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Administering Business Taxes
Business taxes include business license, business personal property, machinery & tools and excise taxes.
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Administering Public Service Corporation Taxes
Public service corporations include power companies, phone companies and railroads. These taxes are assessed in cooperation with the State Corporation Commission and the Virginia Department of Taxation and billed every 6 months.
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Tax Relief for Elderly and Disabled
Our office helps Hampton residents file for real estate tax relief.
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Preparing Virginia Income Tax Returns
Each year our office prepares and electronically files Virginia tax returns for Hampton residents. This service is provided at no charge to the taxpayer.