The Commissioner of the Revenue is required by law to assess vehicles by means of a recognized pricing guide. The pricing guides utilized by the City of Charlottesville are the National Automobile Dealers Association (NADA) official used car guide and the official older used car guide. Clean trade-in is the value taken from these books. If a vehicle is not listed in the guide, the assessment will be based on a depreciated prior-year NADA Clean Trade-in Value and if none listed then a percentage of purchase cost or a percentage of MSRP.
The pricing guide utilized for motorcycles is the National Automobile Dealers Association Motorcycle appraisal guide. The value taken is clean trade-in.
For trailers, the assessed value is based on a percentage of the original cost.