Tax Rates, Important Dates & Deadlines
If the due date falls on a Saturday, Sunday, or City Holiday the due date becomes the next business day.
Commissioner of the Revenue - Administration
Virginia Relay TTY
Important Dates & Deadlines
- Annual Business License Term: January 1 - December 31
- Business License Annual Renewal Period: January 1 - March 1
Definition
≤$25,000
≤$100,000
≤$200,000
≥$200,000
Contracting *
Definition
Construction contractors and estate investors who renovate or construct property to sell.
≤$25,000
$25
≤$100,000
$40
≤$200,000
$50
≥$200,000
$0.16 per $100
General Services *
Definition
All personal, business & other services.
≤$25,000
$25
≤$100,000
$40
≤$200,000
$50
≥$200,000
$0.36 per $100
Professional, financial or real estate services *
Definition
Services requiring professional knowledge & prolonged, specialized instruction.
≤$25,000
$25
≤$100,000
$40
≤$200,000
$50
≥$200,000
$0.58 per $100
Retail Merchant *
Definition
Sales of goods, wares and merchandise for end use or consumption by the purchaser.
≤$25,000
$25
≤$100,000
$40
≤$200,000
$50
≥$200,000
$0.20 per $100
Wholesale Merchant **
Definition
Sales of goods, wares and merchandise for resale; some sales to government, industrial, or commercial end users may also be considered wholesale.
≤$25,000
$25
≤$100,000
$40
≤$200,000
$50
≥$200,000
$0.12 per $100
Other
Definition
Call the Business License Office for more information.
* = Taxed based on gross receipts; ** taxed based on gross purchases.
Important Dates & Deadlines
- Business Property Returns Deadline: March 1
- Business Property Assessed on Calendar Year: Billed in May
- Business Property Tax: June 5
Property Type
Rate
Property Type
Business (Tangible Personal Property)
Rate
$4.00 per $100
Property Type
Computer Equipment and Peripherals Used in a Data Center
Rate
$0.40 per each $100
Property Type
Manufacturing Machinery & Tools
Rate
One-millionth of one cent ($0.000001) per $100
Important Dates & Deadlines
- Elderly/Disabled Tax Reduction Applications: June 30
- Personal Property Tax: Vehicles already registered with the Virginia Department of Motor Vehicles (DMV) or vehicles purchased between January 1 and March 31 usually receive tax bills in May with a due date of June 5. New or used vehicles purchased after March 31 or vehicles new to the area registered with DMV after March 31 usually receive a prorated tax assessment in a supplemental billing between August and the end of the year.
Vehicle Type
Rate
Vehicle Type
Cars, Light Trucks, Trailers, Business Vehicles, Motorcycles & Aircraft
Rate
$4.00 per $100
Vehicle Type
Boats ("privately owned pleasure boats and watercraft used for recreational purposes only")
Rate
One millionth of one cent ($0.000001) per $100
Vehicle Type
All other boats
Rate
$1.50 per $100
Vehicle Type
Recreational vehicles (privately owned travel, camper trailers & horse trailers)
Rate
$1.50 per $100
Vehicle Type
Qualified Vehicles for Elderly or Disabled
Rate
One-Millionth of One Cent ($0.000001) per $100
Vehicle Type
Qualified Vehicles for Disabled Veterans
Rate
$1.50 per $100
Vehicle Type
For-hire Property Motor Carriers
Rate
One millionth of one cent ($0.000001) per $100
Vehicle Type
Mobile Homes
Rate
$0.99 per $100
Important Dates & Deadlines
- Annual State Income Tax Returns: May 1
- 760IP, Individual payment for an automatic extension of estimated tax due. (Does NOT extend the amount of time to pay your tax due): May 1
- Estimated State Income Payments: May 1, June 15, September 15, January 15
- All tax-due extended filings must be submitted: November 1
Taxable Income
Tax Calculation
Taxable Income
$0 - $3,000
Tax Calculation
2%
Taxable Income
$3,001 - $5,000
Tax Calculation
$60 + 3% of excess over $3,000
Taxable Income
$5,001 - $17,000
Tax Calculation
$120 + 5% of excess over $5,000
Taxable Income
$17,001 and up
Tax Calculation
$720 + 5.75% of excess of $17,000
Taxable Income
Tax computation example if income is $20,000
Tax Calculation
($20,000 - $17,000) x 5.75% + $720 = $892.50, which should be rounded to $893
Important Dates & Deadlines
- Admissions, Lodging & Restaurant/Meals Returns: 20th day of each month
- Short-Term Rental Returns Due for Business Property: April 15, July 15, October 15, January 15
- Heavy Short-Term Rental Returns Due for Business Property: April 15, July 15, October 15, January 15
Type
Rate
Type
Admissions
Rate
10%
Type
Cigarettes - 20 pack*
Rate
$0.75
Type
Cigarettes - 20 pack*
Rate
$0.93
Type
Lodging - Flat rate
Rate
$2.00 per night
Type
Lodging - 90 consecutive days of less**
Rate
9% effective May 1, 2021
Type
Lodging -Sandbridge Special Service District**
Rate
10.5% effective May 1, 2021
Type
Meals or Restaurant**
Rate
5.5%
Type
Participatory Sports
Rate
5%
Type
Short-Term Rental**
Rate
1% of gross receipts
Type
Short-Term Rental, Heavy Equipment**
Rate
1.5% § 28.73-82
* Also subject to State and Federal taxes** Also subject to Virginia Retail Sales and Use Tax
Utility
Rate
Utility
Residential Water Service
Rate
20% up to a billing charge ceiling of $15.00 per month.
Utility
Residential Electric Service
Rate
A minimum monthly tax of $1.40, plus a tax at the rate of $0.014771 per kWh delivered monthly, with the total tax not to exceed $3.00
Utility
Utility/Electric/Consumption Tax Commercial/Residential
Rate
$0.00038 per kWh on the first 2,500 kWhs and $0.000240 per kWh on usage range between 2,501 and 50,000 kWhs and $0.00018 per kWh on over 50,000 kWhs
Utility
Residential Gas Service
Rate
A minimum monthly tax of $1.98, plus a tax at the rate of $0.162451 per CCF. Shall not exceed $3.00 per month.
Utility
Utility/Gas/Consumption Tax Commercial/Residential
Rate
$0.004 per CCF (not to exceed 500 CCFs monthly)
Utility
All Commercial Water
Rate
15% of the first $625 of the monthly charge and 5% on the amount between $625 and $2,000 of the monthly charge for any single billing for water utility service.
Utility
All Commercial and Industrial Gas Service
Rate
A minimum monthly tax of $1.94, plus a tax at the rate of $0.097668 per CCF on the first 961 CCFs delivered monthly, and at the rate of $0.031362 per CCF on all remaining kWh delivered monthly; the total monthly tax shall not exceed $162.50
Utility
All Commercial Electric Utility
Rate
A minimum monthly tax of $1.72, plus a tax at the rate of $0.010057 per kWh on the first 9,151 kWh delivered monthly, and at the rate of $0.002831 per kWh on all remaining kWs delivered monthly; the total monthly tax shall not exceed $162.50
Utility
All Industrial Electric Utility
Rate
A minimum monthly tax of $1.72, plus a tax at the rate of $0.009253 per kWh on the first 9,946 kWh delivered monthly, and at the rate of $0.001190 per kWh on all remaining kWs delivered monthly; the total monthly tax shall not exceed $162.50
- Qualified Vehicles for the Elderly or Disabled: One-Millionth of One Cent ($0.000001) per $100
- Real Estate Exemption Applications (accepted by appointment only, net worth limitations apply): February 1 through June 30