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Tax Rates
In Virginia, counties and cities are separate taxing entities. Companies and individuals pays either county or city taxes, depending upon the location. However, someone located within the limits of a town is subject to both town and county taxes.
5.3%
All businesses with gross receipts under $100,000 are exempt from tax and subject to license fee only ($20, $30 or $40).
Virginia Sales & Use Tax
5.3%
Real Estate Tax
Locality | Nominal Tax Rate / $100 | Assessment Ratio | Effective Rate |
---|---|---|---|
Campbell County | $0.52 | 100% | $0.52 |
Town of Brookneal | $0.17 | 100% | $0.17 |
Town of Altavista | $0.16 | 100% |
Machinery & Tools Tax
Locality | Value Used | Nominal Tax Rate/$100 | Assessment Ratio | Effective Rate/$100 |
---|---|---|---|---|
Campbell County | Original Cost | $3.25 | 25% | $0.81 |
Town of Brookneal | Original Cost | $1.70 | 25% | $0.43 |
Town of Altavista | Original Cost | $2 | 25% | $0.50 |
Business Personal Property Tax
Age of Equipment: 1 - 10 Years
Locality | Value Used | Nominal Tax Rate/$100 | Effective Rate/$100 |
---|---|---|---|
Campbell County | 25% of cost | $4.45 | $1.11 |
Town of Brookneal | 25% of cost | $1.70 | $0.43 |
Town of Altavista | 25% of cost | $2 | $0.50 |
Age of Equipment: 10 + Years
Locality | Value Used | Nominal Tax Rate/$100 | Effective Rate/$100 |
---|---|---|---|
Campbell County | 15% of cost | $4.45 | $0.67 |
Town of Brookneal | 15% of cost | $1.70 | $0.26 |
Town of Altavista | 15% of cost | $2 | $0.30 |
Business & Professional Occupational License
All businesses with gross receipts under $100,000 are exempt from tax and subject to license fee only ($20, $30 or $40).
- $0.16/$100 of gross receipts for contractors
- $0.50/$100 of gross receipts for professional service
- $0.20/$100 of gross receipts for retail sales
- $0.05/$100 of gross purchases for wholesale
- $0.35/$100 of gross receipts for personal service and repair
Utility Taxes
- Telephone: $1.40 maximum/month on each line
- Mobile Phone: $3.00 maximum/month (10% of first $30.00)
- Gas: $3.00 maximum/month
- E-911 Service Fee: $1.60 maximum/month per line
- Electricity: $3.00 maximum/month on each meter