Can a Virginia divorce court use a valuation date other than the hearing?
Yes, for good cause. Virginia Code 20-107.3 sets the value of marital property as of the date of the evidentiary hearing, but either party may move, at least 21 days before that hearing, for a different valuation date when justice requires it. Assets that swing in value, such as a business or a vehicle fleet, are the usual reason, and the appraisal should be dated to whichever date the court adopts.
How are vehicles valued for Virginia personal property tax?
From a recognized pricing guide, and if the model and year are not listed in the guide, as a percentage of original cost, under Virginia Code 58.1-3503. The guide value assumes a typical vehicle in typical condition, so the way to contest an assessment is evidence of the specific vehicle's condition and market value as of January 1, which is what our appraisal documents.