Portsmouth levies a personal property tax on vehicles, boats, aircraft, and mobile homes.
Personal Property Tax Rates
Autos, trucks, motorcycles and utility trailers are assessed on a prorated basis using the National Automobile Dealers Associations Blue Book (NADA)
value at a rate of $5.00 per $100.00.
Boats are assessed using the ABOS Marine Blue Book low estimated trade-in value at the rate of $0.50 per $100.00.
Recreational vehicles are assessed using the NADA book of Recreational Vehicle Appraisal Guide
at a rate of $1.50 per $100.00.
Mobile Homes are assessed using the % of cost at the rate of $1.30 per $100.00.
Leased personal property, such as cars and trucks, is taxable at the personal property tax rate.
There is no personal property owed for daily rentals.