Roanoke County Taxes

In Virginia, cities are independent from the surrounding counties and are, therefore, separate taxing entities. A business or individual pays taxes only to the city or county, not both. Residents of incorporated towns may pay taxes to both the county and town if both provide services.

Real Estate

Nominal Tax Rate		$1.09 (per $100 assessed value)
Assessment Ratio		93%
Effective Tax Rate		$1.01

Machinery & Tools
$3.00 per $100 assessed value (Nominal Rate)
Value used for taxes: Original total capitalized cost
Assessment Ratio:
25% Years 1-5 
20% Years 6-10 
15% Years 11+ 

Business License Tax (BPOL)

Business Type		Tax Rate per $100 of Gross Receipts
Retailers		.20
Wholesalers & Distributors		.05/$100 of gross purchases
Financial services		.58
Business services		.36

Tangible Business Personal Property
$3.50 per $100 assessed value (Nominal Rate)
Assessment Ratio: 60% (reduced by 10% per year thereafter; minimum of 20% or $100)

Personal Property (vehicles)
$3.50 per $100 assessed value (Nominal Rate)
Value Used For Taxes: Loan Value (NADA)
Assessment Ratio: 100%

Motor Vehicle Decal Fee
$20 - $25 Depending on the weight and kind of vehicle

Utility

Electric		$0.90 + $0.00640 / kWh ($600 max)
Gas		$0.90 + $0.12183 / CCF ($600 max)
Water		12% on first $5,000

Virginia Taxes

Corporate Income Tax
6% of corporation's Virginia taxable income

Retail Sales Tax
5% on non-food items(4% state and 1% local tax)

Sales Tax Exemptions:

• Manufacturer's purchases used directly in production, including machinery, tools, spare parts, raw materials and industrial fuels
• Items purchased for resale by distributors
• Certified pollution control equipment and facilities
• Custom computer software
• Items used in research and development
• Services (legal, accounting, advertising, consulting)

Unemployment Tax
Newly covered employers are taxed at 2.5% on a taxable wage base of $8,000.

Virginia Does Not Tax:

• Property at the state level (Virginia localities also do not have separate school district taxes)
• Intangible property (financial assets, trademarks, patents)
• Manufacturer's inventory
• Manufacturer's furniture, fixtures or corporate aircraft