Treasurer FAQ (2024)

Treasurer Frequently Asked Questions:

What is the real estate tax rate for the current tax year?
The real estate tax rate is $0.58 per $100 as based on the assessment that is done every six years.

What is the personal property tax rate for the current tax year?
The personal property tax rate is $2.00 per $100 of the assessed value as stated in the NADA Blue Book for January 1st of the same tax year.

What is the mobile home tax rate for the current tax year?
The mobile home tax rate is $0.58 per $100 of the assessed value.

When are taxes due?
First Half Real Estate taxes are due on June 5th and the second half is due December 5th of each year. All Personal Property taxes are due on December 5th of each year. Taxes are considered delinquent after June 5th and after December 5th of each year. Late payment penalty (10%) and interest (10% APR) are added after June 5th and after December 5th.

What is a supplemental Real Estate Bill?
Supplemental assessments are performed by the Assessor’s Office during the year. This is on a new construction or addition. Supplements are due 30 days after being notified.

Who do I contact concerning my assessment?
Questions concerning your assessment on land (real estate) should be directed to the Commissioner of the Revenue’s office at 276-385-1238, while questions regarding your assessment on vehicles (personal property) should go to 276-385-1234.

Is there a tax relief program for the elderly or disabled veterans?
There are tax relief programs available to citizens age 65 and older or for totally and permanently disabled veterans. The taxpayer is required to file an application form with the Commissioner of the Revenue’s office by March 1st of each year and meet the required income criteria to qualify for the elderly exemption. Questions concerning these tax relief programs should be directed to 276-385-1235.

What information do I need to purchase a dog license?
All dogs age four (4) months are required to have a dog license. A vaccination certificate signed by a licensed veterinarian must be presented. Code requires dog licenses to be purchased by February 1, each year. Dog licenses are nonrefundable and cannot be transferred.

What is the cost of a dog license?
One year dog license is $4.00. Three year dog license is $10.00. Kennel license for 20 dogs is $25.00. Kennel license for over 20 dogs is $35.00.

What is the cost of the vehicle license fee?
The vehicle license fee is $20.00 and it is billed annually on the personal property tax tickets that are mailed out in mid-October and it is due by December 5th of each year.

What is the cost of a county decal?
The county decal has been eliminated and it is no longer required that you display a county decal or sticker on your windshield.

What alternative methods are available for paying taxes?
The Direct Payment Program allows you to make real estate or personal property tax payments automatically each month. When you enroll in the program, the amount you choose will be deducted from your bank account each month and applied toward the taxes you specify. You can obtain an authorization form from the Treasurer’s office or call and have one sent to you.

What payment options are available?
Payments may be made by cash, check, or money order in person or by mail anytime during the year. Debit card and credit card payments (VISA, Mastercard, Discover) may be made in person, online, or by calling the Treasurer’s Office. A convenience fee of 2.89 percent is added to all credit card payments and a $3.95 fee is added to visa debit card payments. These fees are collected by the card processor, PAYMENTUS Corporation, not Tazewell County. To pay by phone using PAYMENTUS call 1-866-288-9030 and follow the instructions.

What collection methods are used for collecting delinquent taxes?
Tazewell County uses a variety of collection methods allowed under Virginia Code. We use the Debt Set Off program through the Virginia Department of Taxation to seize state income tax refunds. We also place DMV stops which block all DMV transactions with the Department of Motor Vehicles for all unpaid personal property taxes and we utilize tax liens on wages and bank accounts and also pursue warrants in debt through the court system. Real estate is sold under the Judicial Sale code section through the Courts with all expenses paid by the taxpayer or the court sale.

Could my property be sold for taxes?
Yes, your property can be sold for delinquent taxes when delinquent for three years. Real estate is sold under the Judicial Sale “Bill in Equity” code section through the Circuit Court. This is a very expensive process and all costs are borne by the delinquent taxpayer or taken from the proceeds of the sale. The Judicial Sale process requires extensive notification of the owners, lien holders, and legal publications.

Will you explain the Personal Property Tax Relief Act?
The Personal Property Tax Relief Act of 1998 provides tax relief for any passenger car, motorcycle, pickup, or panel truck having a registered gross weight of less than 7,501 pounds. The vehicle must be owned or leased by an individual and NOT used for business purposes. In 2006, the Commonwealth capped its payment to localities. Each year Tazewell County is required to recalculate the tax relief percentage based on the state cap and the growth in the number value of vehicles located in the county. For qualified vehicles, your tax bill is reduced by the applicable tax relief percent for the tax year on the first $20,000 of value. If your qualifying vehicles assessed value is $1,000 or less, your tax has been eliminated and the Commonwealth’s share is 100%. You are required to certify annually to Tazewell County that your vehicle remains qualified to receive car tax relief. Therefore, it is important that you review the information sent to you by the Tazewell County Commissioner of the Revenue to be sure that your vehicles are properly qualified. This information may be included on items such as Personal Property Tax Returns or tax bills. If your vehicle is improperly qualified or you are uncertain whether your vehicle would be eligible for car tax relief because it is used part of the time for business purposes, contact the Commissioner of Revenue at 276-385-1234.

Where do I send estimated income tax payments and when are they due?
Individuals making estimated payments should send their first payment to the Commissioner of Revenue by May 1, of each year. Estimated payments 2, 3, and 4 should be mailed to the Treasurer’s Office. All checks should be made payable to the Tazewell County Treasurer.

Treasurer FAQ (2024)

FAQs

What are good questions to ask a treasurer? ›

Role-specific questions
  • What's key to a healthy investment?
  • How would you explain liquidity risk management to a non-finance person?
  • When would you issue a debt and how?
  • What information do you need to measure interest rate risk?
  • What's your experience in hedging?
  • What cash management software do you prefer and why?

What does a treasurer need to know? ›

The following points outline the typical financial responsibilities of a Treasurer:
  • General financial oversight. ...
  • Funding, fundraising and sales. ...
  • Financial planning and budgeting. ...
  • Financial reporting. ...
  • Banking, book-keeping and record-keeping. ...
  • Control of fixed assets and stock.

What is the most important skill that should be in a treasurer? ›

The most common important skills required by employers are Cash Management, MBA, Risk Management, Disbursem*nts, Innovation, Finance Management and Forecasting.

What is the rule of treasurer? ›

A Treasurer, or Financial Controller, oversees all financial transactions and fundraising efforts going in or out of an organizing committee. Their primary duties include budget planning, financial reporting, record-keeping, and managing incoming and outgoing funds.

What is the main objective of a treasurer? ›

As Treasurer, your primary objective will be to safeguard the company's financial well-being, ensuring its long-term success. By implementing robust financial strategies and closely monitoring financial activities, you will contribute to maintaining the organization's stability and growth.

What are the duties of a good treasurer? ›

Main Duties:

Deal efficiently and effectively with all invoices and bills. Keep up to date records of all the financial transactions. Ensure that funds are spent properly. Issue receipts and record all money received.

What are the qualities of a bad treasurer? ›

A bad treasurer doesn't provide guidance and support to their team members. They don't have a long-term vision to develop team members as treasury professionals or to advance treasury within the company as a whole, said Richards.

How to be a better treasurer? ›

Conclusion: A good treasurer is someone who is organized, precise, has a long-term focus, is innovative, has excellent communication skills, is ethical and trustworthy, and has strong technical knowledge and experience.

What is the strength of a treasurer? ›

In essence, you need a combination of technical, finance and social skills, together with a willingness to become closely involved in the business and its people. It's also important you can win trust, are ethical in approach and act with integrity when making business decisions.

What are the main principles of a treasurer? ›

Includes basic principles of managing money, keeping track of cash and bank accounts, and sharing information with the rest of your group. As treasurer, you have day-to-day responsibility for looking after your group's money.

What are the treasurer's responsibilities primarily? ›

Their primary responsibility is to manage corporate finance, including cash and liquidity, in order to ensure the financial health of the company. This includes providing detailed financial statements and coordinating investment decisions.

What is the treasurer commonly responsible for? ›

The main duties of a treasurer are to oversee the financial administration of the organisation, review procedures and financial reporting, advise the board on financial strategy, and advise on fundraising.

What questions are asked at the head of the treasury interview? ›

Interview Questions for Treasury Manager
  • Are you familiar with accounting software such as SAP or Oracle?
  • What are some of the most important qualities for a successful treasury manager?
  • How would you describe the relationship between the treasury department and the finance department?

What are some interest questions to ask? ›

Deep Questions to Ask Someone
  • What's your favorite quality about yourself? ...
  • What is something that makes you feel unstoppable?
  • What three words would you use to describe yourself?
  • Would you call yourself brave?
  • When do you feel the safest?
  • What's your favorite childhood memory?
  • What's your biggest life regret so far?
Jul 31, 2023

What should a treasurer report say? ›

The Monthly Treasurer's Report includes: balances at the beginning and end of the period covered; amounts credited to the general fund and any special funds; and receipts and disbursem*nts with separate sections for amounts belonging to the PTA and amounts NOT belonging to the PTA with a detailed written report posted ...

What are the challenges of a treasurer? ›

The biggest challenges of treasury management are not having access to relevant information to base your decisions on, and the risk of third-party fraud.

References

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