Tax Rates

Virginia

Tax Item	Tax Percentage
Corporate Income	6%
State and City Retail Sales and Use	6%
State and City Meals Tax	6.5%

Tax Item	Tax Fee
Real Estate, City-Wide	$1.07 per $100 Assessed Value
Real Estate, Rout 17 Taxing District	$1.31 per $100 Assessed Value
Real Estate, Downtown Business District	$1.175 per $100 Assessed Value
Business Property	$4.25 per $100 (Based on 20% of Original Cost)
Machinery and Tools	$3.15 per $100 (Of Original Cost)
Machinery and Tools: 1-5 Years Old at 20%	Effective Rate of $0.63/$100
Machinery and Tools: 5 Plus Years Old at 10%	Effective Rate of $0.315/$100