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PHONE:  (540) 375-3019|HOURS:  M-F 8am-5pm |E-MAIL:  commissioner@salemva.gov
MAIL:  P.O. Box 869, Salem, VA 24153 |LOCATION:  City Hall, 114 North Broad Street, Salem, VA 24153

Assessment Procedure

PHONE:  (540) 375-3019|HOURS:  M-F 8am-5pm |E-MAIL:  commissioner@salemva.gov
MAIL:  P.O. Box 869, Salem, VA 24153 |LOCATION:  City Hall, 114 North Broad Street, Salem, VA 24153

2022 VEHICLE ASSESSMENT PROCEDURES

Procedures based on 2022 January Edition of J.D. Power Vehicle Values Book.

Vehicle Year Assessment Value
2002 & Older 20% Depreciation of last year's value until reaching $225.00
2003- 2014 Clean loan value J.D. Power Older Car Guide
2015 - 2022 Clean loan value J.D. Power Guide (If listed in J.D. Power Book)
2020 85% MSRP if available (When loan values are not in J.D. Power Book)
2021 90% MSRP if available (When loan values are not in J.D. Power Book)
2022 95% MSRP if available (When loan values are not in J.D. Power Book)

 

NEW OR USED VEHICLES NOT IN J.D. POWER, OLDER VEHICLES, ANTIQUE VEHICLES, RECONSTRUCTED VEHICLES, AND TRUCKS WITH A HIGH GW, USE A PERCENTAGE OF ORIGINAL COST. THE PERCENTAGE WILL BE THE FOLLOWING BY YEAR PURCHASED.

 

Year Purchased Assessment Value
2022 90% of cost
2021 80% of cost
2020 70% of cost
2019 60% of cost
2018 50% of cost
2017 40% of cost
2016 30% of cost
2015 25% of cost
2014 & Older 20% Depreciation of last year's value until reaching $225.00

 

MISCELLANEOUS VEHICLES

 

  • Utility, boat, horse trailers: % of cost stated above
  • Boats and Boat Motors (combined): % of cost stated above
  • Motor Homes; Conversion Vans: % of cost stated above
  • Camper Trailers: % of cost stated above
  • Motorcycles: J.D. Power rough trade-in value if available or % of cost, those out of book, use % of cost then reduce by 20% each year until reaching $225

Mobile homes are assessed by the Wingate Appraisal Guide. The year it drops out of Wingate, it is reduced by 20% of the previous year’s assessment until it reaches the minimum.

  • Single section minimum is $1200
  • Multi section minimum is $2400