Loudoun County, Virginia, will change its vehicle personal property assessment schedule starting January 1, 2026. Commissioner of the Revenue Robert S. Wertz Jr. announced the update. The change follows a benchmarking study by PFM Group Consulting in October 2025. The study compared Loudoun’s assessment practices with other Virginia localities and reviewed compliance with state law (VA Code §58.1-3503(B)).
The J.D. Power Official Used Car Guide will continue as the main source for valuing most cars, trucks, vans, and SUVs. For newer vehicles and those not listed in the guide—such as some small pickups, vans, SUVs, boats, motorcycles, recreational vehicles, heavy trucks, and pull-behind trailers—the assessment method will change. The update will apply to both personal and business vehicles.
Previously, vehicles not listed in pricing guides were valued at a percentage of their purchase price or the Manufacturer’s Suggested Retail Price (MSRP). Starting in 2026, vehicles not in the J.D. Power guide will be assessed at 95% of MSRP for the current model year, 90% for the prior year, and 80% for two years prior. This replaces the earlier method, which used 100% of the purchase price or 90% of MSRP for current models…