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