Many Virginia drivers, including Stephen Martin, are facing higher personal property tax assessments on their vehicles due to inflated valuations. Used car prices have surged, with the average used car now priced at $32,635, up $9,500 from 2019. Martin’s 2022 Toyota Sienna was valued at $42,200 by Amherst County, significantly higher than consumer tools like Kelley Blue Book and Edmunds. The county uses J.D. Power valuations for tax assessments, resulting in discrepancies with consumer guides. Martin is not alone in his experience, as other drivers across the state are also seeing significant jumps in their tax bills. Some lawmakers are calling for an overhaul of the system, with plans to repeal Virginia’s car tax. If your tax bill seems high, experts recommend checking your car’s value across multiple pricing guides and contacting your local tax office for appeals or deductions.

Read more at Yahoo Finance: Virginia man warns US drivers after county values 3.5-year-old van at $42,200, far above its real worth