TAX & LICENSE / STATE TAX SYSTEM

Income Tax
Residents of Virginia are required to file an individual income tax return if their gross income is over the filing threshold. The adjusted gross income for Virginia income tax purposes is calculated in the same way as the federal adjusted gross income, plus applicable Virginia additions and minus any Virginia subtractions. The Virginia adjusted gross income does not include standard or itemized deductions, any child/dependent care expense deductions, or the taxpayer’s personal exemptions. If your income falls below the filing threshold for your filing status but Virginia income tax was withheld from payments you received, it is possible to file a return to apply for a full refund of the Virginia individual income tax withheld. For answers to questions or further details on taxation in Virginia, contact:

Virginia Department of Taxation
Customer Service
804-367-8031
www.tax.virginia.gov

Sales Tax
Sales tax is imposed on retail goods sold in the Commonwealth of Virginia. The tax was raised in 2004 to a total of 5.0 percent (4% State Tax & 1% Local). Local jurisdictions receive 1.0 percent of these revenues and the Commonwealth retains 4.0 percent. Certain food items may be taxed at a lower rate, and non-prescription drugs and proprietary medicines are exempt. Local jurisdictions may also levy a tax on items like food, lodging, and entertainment. The local Commissioner of Revenue can provide the exact tax rate in your city or county. Virginia returns one-third of the state sales tax to the localities in support of education based on the school age population. Virginia distributes local tax revenues for general operating purposes based on the amount of sales in that particular locality.

 

Property Tax
Property tax is assessed on all taxable real and personal property.  Although laws differ between localities, the definition of “real property” includes real estate (both business and residential), mobile homes, watercraft, unregistered automobiles, motorcycles, trailers, business equipment and airplanes.

Real Estate Taxes (1) Assessed per $100
Based on a Calendar Year

City/County	Telephone	Assessed $	Date Due
City of Richmond	804-780-5600	1.20	6/15
City of Petersburg	804-733-2311	1.35	Quarterly
Charles City County	804-829-9200	0.75	6/5 & 12/5
Chesterfield County	804-748-1321	0.95	6/5 & 12/5
Colonial County	804-520-9283	1.10	5/15 & 11/15
Dinwiddie County	804-469-4507	0.87	6/5 & 12/5
Goochland County	804-556-5307	0.70	12/5
Hanover County	804-537-6029	0.81	12/5
Henrico County	804-672-5580	0.87	6/5 &12/5
Hopewell	804-541-2237	1.09	6/5 &12/5
New Kent County	804-966-9615	0.93	12/5
Powhatan County	804-598-5600	0.71	12/5
Prince George County	804-646-5600	0.80	6/5 & 12/5

 

 

 

 

 

 

 

1.   Real Estate Taxes are subject to change by each city and county. Note: Ashland residents pay town real estate and personal property taxes in addition to Hanover County taxes. Chesterfield County residents also pay a utility tax of 15% of the first $10.00 or a maximum of $1.50 per bill.

 

Personal property tax rates range from $3.50 to $4.50 per $100 of assessed value, although the Personal Property Tax Relief Act (“PPTRA”) substantially reduces the tax levied on most personal-use, road transportation vehicles. For the exact rate in your locality, contact:

Property Tax Information

City of Colonial Heights
804-520-9272
www.colonial-heights.com

City of Hopewell
804-541-2237
www.hopewellva.gov

City of Petersburg
804-733-2333
www.petersburg-va.org

City of Richmond
804-646-5690
www.richmondgov.com

Charles City County
804-829-9216
www.co.charles-city.va.us

Chesterfield County
804-748-1201
www.chesterfield.gov

Essex County
804-443-4371
www.essex-virginia.org

Goochland County
804-556-5365
www.co.goochland.va.us

Hanover County
804-365-6129
www.co.hanover.va.us

Henrico County
804-501-4300
www.co.henrico.va.us

King William County
804-769-4941
www.kingwilliamcounty.us

New Kent County
804-966-9615
www.co.new-kent.va.us

Powhatan County
804-598-5625
www.powhatanva.com