Taxes & Real Estate

General Property Taxes

Real Property tax - $0.13 per $100 of assessed value
Personal Property Tax - $0.51 per $100 of assessed value
Public Service Real Property - $0.13 per $100 of assessed value
Public Service Personal Property - $0.51 per $100 of assessed value
Machinery and Tool Tax - $0.17 per $100 of assessed value based on original cost and declining depreciation over a seven-year period, until the effective rate at year seven is $0.07 per $100 assessed value. Interest at an annual rate of 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.

Bank Stock Tax - Maximum allowed by Code of Virginia
Cellular Telephone Tax - 10% of monthly gross charge, not to exceed $3
Cigarette Tax - $0.10 per pack
Consumer Utility Tax - 10% of monthly gross charge, not to exceed $2 for residential service; $5 for commercial service; $15 for industrial service
Franchise License Tax - 5% of gross receipts from non-exclusive cable television franchise agreement
Meals Tax - 5% of prepared food sold
Motor Vehicle License Fee:
- Autos, trucks and trailers - $25
- Motorcycles - $18
- Trailers:
  - Less than 1,500 pounds - $0
  - 1,501 to 4,000 pounds - $20
  - Over 4,000 pounds - $25
Transient Occupancy Tax - 7.5% on charges for overnight lodging