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Aircraft Use Tax rate

The 2% Aircraft Sales and Use Tax is calculated on the sales price of the aircraft or on the fair market value of aircraft brought into Virginia six months or more after acquisition, provided the aircraft is required to be registered with the Department of Aviation.

No credit is allowed for trade-ins.  In the absence of a bill of sale or other written evidence of purchase price, the Commonwealth of Virginia uses an average retail price to estimate the taxable amount of the aircraft.