Taxes & Fees

Localities in Virginia collect a 1% sales tax. They do not tax other items taxed at the State level.

Manufacturers pay real estate, machinery and tools, truck and automobile, utility, and sales taxes.

Nonmanufacturers pay real estate, tangible personal property, truck and automobile, utility, and sales taxes. Nonmanufaturers also pay Business and Professional Occupation.

The following represents the County's 2012 tax rate information. For more information, please see: Commissioner of the Revenue» 

 2015Nominal Rate
Assessment Ratio
 Business License
$25 N/A
 Gross Receipts
$2500 (threshold)
N/A
 Real Estate
$0.61/100
100%
 Machinery and Tools
$2.50/100
20% first year and beyond
 Personal Property: Vehicles
$3.25/100
100% average trade-in NADA Book
 Personal Property: Business Equipment
$3.25/100
30% first year
  $3.25/100
25% second year
  $3.25/100
20% third year
  $3.25/100
15% fourth year and beyond
 Consumer Utilities: Telephone 15% on first $10
N/A
 Consumer Utilities: Electricity
 Maximum tax $10 N/A

 

Sales and Use Tax

  • The total tax is 5.3 percent (4.3 percent state and 1 percent local).
  • A seller is subject to a sales tax on gross receipts derived from retail sales or leases of taxable tangible personal property.
  • Manufacturers do not pay tax on purchases used for production; distributors do not pay tax on items purchased for resale.

Virginia's Corporate Income Tax

Virginia's moderate corporate income tax has not been raised in more than thirty years. At 6 percent, our rate is one of the lowest in the nation. The combined state and local sales tax is 5.0 percent. Counties and cities are separate taxing entities. Consequently, companies pay taxes to either a county or a city, not to both. In some instances towns do assess local taxes which would be added to county taxes.

Virginia's Guide to Business Incentives»

 

If you have any questions please contact:

Neiman C. Young, PhD., County Administrator

Telephone:  540 775-9181

Fax: 540 775-5248

Email:   This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 

 

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