Taxes

Tax Rates

Tax  Rate
 Real Estate $0.795 per $100 of assessed value 
 Personal Property
$4.80 per $100 of assessed value
 Business Personal Property $4.50 per $100 of assessed value
 Machinery and Tools $1.30 per $100 of assessed value
 Contractors  $0.16 per $100 of gross receipts
Retail Sales $0.20 per $100 of gross receipts
Repair, Personal and Business Services

$0.36 per $100 of gross receipts

Financial, Real Estate and

Professional Services

$0.58 per $100 of gross receipts
Wholesale Merchants 

$50 for the first $10,000 of gross purchases + $0.20 per $100 of gross purchases thereafter

Virginia State Sales Tax 5.3%
City Meals Tax 6.5%
Combined Sales Tax and City Meals Tax 11.8%
 City Transient Lodging Tax 8.0%
 Admissions Tax 5.0%
Short Term Rental Tax 1.0%
Cigarette Tax $0.50 per pack 
Downtown Primary Assessment District $0.23 per $100 of assessed value 

Downtown Secondary Assessment District

(Commercial Use Only)

 $0.13 per $100 of assessed value
 Electric Utility Tax

 $0.012 on each kilowatt hour (residential)

$0.011 on each kilowatt hour (commercial)

 Natural Gas Utility Tax

 $0.22 on each CFF (residential)

$0.15 on each CFF (commercial)

 Telephone and Cable Television Utility Tax  15% of monthly charge
 Local Cellular Mobile Radio
 Telecommunications Utility Tax
 10% of gross charge