Sales and Use Tax is a total tax of 6.3% (4.3% state tax and 2% local tax)
A seller is subject to a sales tax on gross receipts derived from retail sales or leases of taxable tangible personal property

Manufacturers do not pay tax on purchases used for production; distributors do not pay tax on items purchased for resale

The State of Virginia has NO TAX on: intangible property, corporate aircraft, manufacturers’ inventory, manufacturers’ furniture, fixtures .

Tax rate of 6%, not raised in thirty years.

Tax credits for job creation and investment in economically stressed areas.

No franchise or net worth tax.

2023 Tax Rates:

Personal Property $2.30/$100

Business Equipment $2.30/$100

Computers (non-M&T) $2.30/$100

Merchant’s Capital $0.40/$100

Airplane $1.40/$100

Machinery & Tool $1.55/$100

Real Estate $0.74/$100

Mineral $0.74/$100

Public Service $0.74/$100

Mobile Home $0.74/$100 (Double Wide or Single Wide)

Transient Occupancy Tax Rate is 5%

PPTRA rate is 49%

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