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Taxes
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
94%
 Effective Tax Rate
$1.02

Machinery & Tools

 Nominal Tax Rate    $2.85 per $100 assessed value
 Value used for taxes    Original total capitalized cost
 Assessment Ratio:
 Years 1-5
25%
 Years 6-10
20%
 Years 15+
15%

Business License Tax (BPOL)

 Business Type

   Tax Rate per $100 of Gross Receipts
 Retailers    .20
 Wholesalers & Distributors    .05/$100 of gross purchases
 Professional, Financial & Real Estate services    .58
 Business services    .36
 Contractors    .16

For more information concerning business and occupational licenses go to the Roanoke County Code an see Chapter 10 - LICENSES.

Prepared Food & Beverage Tax

4% of the total cost of prepared food and beverage

Tangible Business Personal Property

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

 Nominal Rate
   $3.50 per $100 assessed value
 Value used for taxes    Loan Value (NADA)
 Assessment Ratio
   100%

Vehicle License 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

5.3% on non-food items(4.3% state and 1% local tax) (July 1, 2013)

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)
  • Manufacturer's inventory
  • Manufacturer's furniture, fixtures or corporate aircraft
  • Intangible property (financial assets, trademarks, patents)