Taxes & Real Estate

General Property Taxes:   
  • Real Property tax- $0.13/$100 of assessed value

  • Personal Property Tax - $0.51/$100 of assessed value

  • Public Service Real Property - $0.13/$100 of assessed value

  • Public Service Personal Property - $0.51/$100 of assessed value

  • Machinery & Tool Tax - $0.17/$100 of assessed value based on original cost and declining depreciation over a seven (7) year period, until the effective rate at year seven (7) is $0.07/$100 assessed value. Interest at an annual rate of ten percent (10%) per annum shall be charged on any unpaid general property taxes commencing on the first day of the month following the due date of the unpaid taxes.

Other Local Taxes:  
  • Bank Stock Tax - Maximum allowed by Code of Virginia

  • Cellular Telephone Tax - 10% of monthly gross charge, not to exceed $3.00

  • Cigarette Tax - .10¢ per pack

  • Consumer Utility Tax - 10% of monthly gross charge, not to exceed $2.00 for residential service; $5.00 for commercial service; $15.00 for industrial service

  • Franchise License Tax - 5% of gross receipts from non-exclusive cable television franchise agreement

  • Meals Tax - 5.0% of prepared food sold

  • Motor Vehicle License Fee -$25.00 for autos, trucks & trailers; $18.00 for motorcycles, trailers $0 (less than 1,500 lbs.); $20 (1,501 - 4,000 lbs.); $25 (over 4,000 lbs.)

  • Transient Occupancy Tax - 5.0% on charges for overnight lodging       

Business Licenses:    Business License Application & Tax Instructions
  • BPOL Alcoholic Beverages - $50 for on and off premises.

  • BPOL Contracting - $0.16/$100 of gross receipts

  • BPOL Direct Sales - $0.13/$100 of gross receipts

  • BPOL Professional - $0.50/$100 of gross receipts

  • BPOL Repairs & Personal Service - $0.30/$100 of gross receipts

  • BPOL Retail - $.013/$100 of gross receipts

  • BPOL Wholesale - $0.05/$100 of purchases

  • BPOL Miscellaneous - as included in BPOL Ordinance adopted 1/1/97.