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

 

 

 

Did You Know...

Fpo Did You Know

The Botetourt Sports Complex has attracted more than 40,000 visitors to Botetourt since opening in July of 2007. It received the Best New Facility Award from the Virginia Recreation and Parks Society in 2008, Pioneer Athletics Field of the Year Award in 2011, and Amateur Softball Associationís Complex of the Year in 2012.