Local Tax Rates

Current Local Nominal Tax Rates

2016 Tax Rates

Real Estate

$0.79/$100
100% of Fair Market

Personal Property

$2.71/$100
100% of NADA

Manufacturing Machinery

$1.80/$100 at 50% of original capitalized cost for first 5 years;
42% thereafter

Mobile Homes

$0.79/$100 assessed value
Prepared Food / Meals Tax
4%
Public Utilities
$0.79/$100 assessed value

Transient Occupancy Tax

7%

Current State Tax Rates

Corporate Income

6% of the corporation’s Virginia taxable income

Individual Income

2%        -$3,000
3%         3,001 – 5,000
5%         5,001 – 17,000
5.75%   17,001 and over

Retail Sales

5.3% on all goods