In Virginia, cities are independent from the surrounding counties and are, therefore, separate taxing entities. A business or individual pays taxes only to the city or county, not both. Residents of incorporated towns may pay taxes to both the county and town if both provide services.
Real Estate Tax Rates
Type of Rate
Rate
Nominal Tax Rate
$1.04 (per $100 assessed value)
Assessment Ratio
94%
Effective Tax Rate
$1.00
Machinery & Tools Tax Rates
Type of Rate
Rate
Nominal Tax Rate
$2.80 per $100 assessed value
Value used for Taxes
Original total capitalized cost
Assessment Ratio: Years 1 through 5
25%
Assessment Ratio: Years 6 through 10
20%
Assessment Ratio: Years 11 and Up
15%
Business License Tax Rates (BPOL)
Business Type
Tax Rate per $100 of Gross Receipts
Retailers
0.20
Wholesalers & Distributors
0.05 per $100 of gross purchases
Professional, Financial & Real Estate services
0.58
Business services
0.36
Contractors
0.16
For more information concerning business and occupational licenses go to the Roanoke County Code and see Chapter 10 - LICENSES.
Prepared Food & Beverage Tax Rate
The Prepared Food and Beverage Tax Rate is 4% of the total cost of prepared food and beverage.
Transient (Lodging) Tax Rate
A transient occupancy tax is imposed on hotels and travel campgrounds equivalent to 7% of the total amount of charge for occupancy of any room or space provided.
Tangible Business Personal Property Rates
Type of Rate
Rate
Nominal Rate
$3.40 per $100 assessed value
Assessment Ratio
60% (reduced by 10% per year thereafter; minimum 20% or $100)
Personal Property Rates (Vehicles)
Type of Rate
Rate
Nominal Rate
$3.40 per $100 assessed value
Value Used for Taxes
Loan Value (NADA)
Assessment Ratio
100%
Vehicle License Fee
The Vehicle License Fee is $20 to $25, depending on the weight and kind of vehicle.
Utility Tax Rates
Utility
Tax Rate
Electric
$0.90 + $0.00640 per kilowatt hour ($600 max)
Gas
$0.90 + $0.12183 per centum cubic foot (CCF) ($600 max)
Water
12% on first $5,000
Virginia Taxes
Corporate Income Tax
The Virginia Corporate Income Tax Rate is 6% of corporation's Virginia taxable income.
Retail Sales Tax
The Virginia Retail Sales Tax Rate is 5.3% on non-food items (4.3% state and 1% local tax) (July 1, 2013).
Sales Tax Exemptions
Certified pollution control equipment and facilities
Custom computer software
Items purchased for resale by distributors
Items used in research and development
Manufacturer's purchases used directly in production, including machinery, tools, spare parts, raw materials and industrial fuels