Virginia Personal Property Tax Bill

[momona]

I am trying to figure out the personal property tax I may deduct. Our state doesn't have Personal Property Taxes so some guidance would be appreciated.

The VA bill shows Personal Property Tax Bill for $X, less a State Tax Subsidy of $Y and a Decal Fee of $Z. I am assuming I can ignore the decal fee.

Is the deduction for personal property tax $X or is it $X-$Y?

[lenboush]

Va ppt

I am trying to figure out the personal property tax I may deduct. Our state doesn't have Personal Property Taxes so some guidance would be appreciated.

The VA bill shows Personal Property Tax Bill for $X, less a State Tax Subsidy of $Y and a Decal Fee of $Z. I am assuming I can ignore the decal fee.

Is the deduction for personal property tax $X or is it $X-$Y?

The net tax ($X - $Y) is deductible. The decal fee is not deductible.