Annual Reports

Property Assessments

Pursuant to §58.1-2610 of the Code of Virginia, the following types of public service companies shall report annually, on or before April 15, all real and tangible personal property in Virginia as of January 1 preceding:

Failure to file on time may result in penalties (§58.1-2610 of the Code of Virginia).

Supporting financial information should be included with the annual tax reports so the values reported can be verified.

Property is reported showing the city, county, town, or magisterial district where it’s located. Each locality has a code that should be listed with the locality name. The codes can be found on the List of PST Locality District Codes.

Companies that are required to file an annual property report must notify this division of any real property transactions as they occur throughout the year by filing a Real Estate Transaction Form. Examples include acquisitions, sales, leases, easements, etc.

Rolling Stock Assessments

Motor Vehicle Carriers must report annually, on or before March 1, all rolling stock owned or operated in Virginia.

More information can be found on the Rolling Stock Tax on Motor Vehicle Carriers section.