Posted by Brandon Jarvis
Mayor Levar M. Stoney today reminded Richmond residents and businesses owing the city certain back taxes to act now and take advantage of substantial savings through the tax amnesty program currently underway, before it comes to an end next Monday, Oct. 16.
Those owing real estate, business personal property (excluding vehicles), business license, admissions, meals and/or lodging taxes, as of February 1, 2017, have had an opportunity to pay the original tax amount owed, with all penalties and interest waived, since August 15. Vehicle personal property taxes and vehicle license taxes and fees are not eligible for this amnesty program.
“This is a great opportunity to get right with the city,” said Mayor Stoney. “Richmond is the only city in the commonwealth that can offer amnesty for both penalties and interest.”
The city charges a ten percent interest rate for overdue taxes. Citizens or business owners needing more than six months to satisfy a particular tax debt could very well get a loan from a bank or credit union and pay far less in interest by settling with the city now.
The full balance due (less penalties and interest) must either be paid in full by October 16, or a 6-month payment plan with 25% down must be arranged for those deemed eligible, which also includes those with accounts that have been assigned to one of the city’s collection agencies.
Taxpayers must sign up in person at City Hall (900 E Broad Street) or at Southside Plaza (4100 Hull Street Rd). Extended hours will also be offered tomorrow, October 12, until 7 p.m., and again on Saturday, October 14, from 9 a.m. to 1 p.m. at both locations.
Richmond has so far received signed commitments for $1 million in outstanding tax debts, and this one-time opportunity will provide those owing a way to avoid collections and next steps the city will take to collect tens of millions still owed.
“This is how we pay for schools, public safety and other critical needs,” added the mayor. “We’re not going to allow our citizens and priorities to be slighted further, so act while you still can.”
Citizens can call (804) 646-3954 with questions regarding real estate taxes. Call (804) 646-6662 for business personal property and business license tax questions. Call (804) 646-3631 to inquire about payment plans. Questions can also be submitted via email: email@example.com.