2019 Local Tax Rates in Chesterfield County

Machinery & Tools Tax
wdt_IDMachinery & ToolsYearsAssessment RatioNominal Tax Rate (Per $100 of Assessed Value)Effective Tax Rate (Per $100 of Assessed Value)
1(Based on Orginial Cost)New to 10 years251.00$0.25
2 11 to 20 years201.00$0.20
3 21+ years151.00$0.15
4  Idle or Unused Equipment11.00$0.01
Real Estate Tax
wdt_IDReal EstateAssessment RatioNominal Tax Rate (Per $100 of Assessed Value)Effective Tax Rate (Per $100 of Assessed Value)
1100%$0.95$0.95
Personal Property Tax
wdt_IDPersonal PropertyAssessment RatioNominal Tax Rate (Per $100 of Assessed Value)Effective Tax Rate (Per $100 of Assessed Value)
1(Based on on Loan Value)100%$3.603.60
Business Tangible Personal Property Tax
wdt_IDBusiness Tangible Personal PropertyYearsAssessment RatioNominal Tax Rate (Per $100 of Assessed Value)Effective Tax Rate (Per $100 of Assessed Value)
2(Based on Original Cost)Year 170%$3.60$2.52
3 Year 250%$3.60$1.80
4 Year 340%$3.60$1.44
5Year 430%$3.60$1.08
6Year 520%$3.60$0.72
7Year 6+10%$3.60$0.36
Business Tangible Personal Property Tax (Computer Equipment)
wdt_IDBusiness Tangible Personal Property (Computer Equipment)YearsAssessment RatioNominal Tax Rate (Per $100 of Assessed Value)Effective Tax Rate (Per $100 of Assessed Value)
1(Based on Original Cost)Year 150%$3.60$1.80
2 Year 240%$3.60$1.44
3 Year 320%$3.60$0.72
4 Year 410%$3.60$0.36
5Year 55%$3.60$0.18
6Year 6+1%$3.60$0.04
Business Intangible Personal Property Tax
wdt_IDBusiness Intangible Personal PropertyAssessment RatioNominal Tax Rate (Per $100 of Assessed Value)Effective Tax Rate (Per $100 of Assessed Value)
1(Manufacturing Equipment and Furniture not Used in the Manufacturing Process)ExemptExemptExempt
Taxes on Trucks of Two Tons and Greater
wdt_IDTrucks of Two Tons and GreaterYearsAssessment RatioNominal Tax Rate (Per $100 of Assessed Value)Effective Tax Rate (Per $100 of Assessed Value)
1(Based on Original Cost)New90%$3.60$3.24
2 1 year old70%$3.60$2.52
3 2 years old60%$3.60$2.16
4 3 years old50%$3.60$1.80
54 years old40%$3.60$1.44
65 years old30%$3.60$1.08
76 years old20%$3.60$0.72
87+ years old10%$3.60$0.36
Taxes on Automobiles and Trucks of Less than Two Tons
wdt_IDAutomobiles and Trucks of Less than Two TonsAssessment RatioNominal Tax Rate (Per $100 of Assessed Value)Effective Tax Rate (Per $100 of Assessed Value)
1Based on Average Loan Value100%$3.60$3.60
Business License Taxes
wdt_IDBusiness Licenses(Based on)Assessment RatioNominal Tax Rate (Per $100 of Assessed Value)Effective Tax Rate (Per $100 of Assessed Value)
1Retail MerchantGross Receipts100%$0.19$0.19
2Business and Personal ServicesGross Receipts100%$0.20$0.20
3Wholesale (Capped at $20,000 max)Gross Receipts100%$0.10$0.10
4Professional ServicesGross Receipts100%$0.20$0.20
5Financial Services (Capped at $90,000 max.)Gross Receipts100%$0.20$0.20
6ContractorsGross Receipts100%$0.14$0.14
7Real Estate ServicesGross Receipts100%$0.20$0.20
8Commission MerchantsGross Receipts100%$0.20$0.20
9Repair ServicesGross Receipts100%$0.20$0.20
10Software DevelopmentExempt100%$0.00$0.00

Note: For each of the above business license categories, the minimum tax is $10.00 if the basis (gross receipts, or gross purchases for wholesale merchants) equals or exceeds $10,000. If the basis is less than $10,000, there is no tax. If the basis equals or exceeds $200,000.00, the first $200,000 may be excluded from the taxable basis before applying the tax rate.

Sales and Use Taxes
wdt_IDSales and Use TaxesNominal Tax Rate (Per $100 of Assessed Value)Effective Tax Rate (Per $100 of Assessed Value)
1Local Sales Tax1.00%1.00%
Taxes on Monthly Utility Bill
wdt_IDMonthly Utility BillRates
1(Commercial rates)
2Electric: Commercial User$1.15 plus the rate of $.007023 on the first 2,684 kWh, $.000508 on 2,685 to 195,597 kWh and $.000367 on the remaining balance delivered monthly.
3Electric: Industrial User$1.15 plus the rate of $.010995 on the first 1,714 kWh, $.000758 on 1,715 to 131,002 kWh and $.000167 on the remaining balance delivered monthly.
4Gas$2.00 plus the rate of $0.010010 on the first 50,000 CCF and $0.00005 on the remaining balance delivered monthly.
5Communications Sales Tax5% of monthly landline and wireless telephone bills, remitted monthly.
Tax Entities

Counties and cities in Virginia are separate taxing entities. A company pays either county or city taxes depending upon its location. If it is located in a county but within the corporate limits of a town, it is subject to town taxes (if levied) in addition to county levies, except for utility taxes which are paid only to the town if levied by both town and county. There are no incorporated towns within Chesterfield County.


2019 Tax Rates in the Commonwealth of Virginia

State Tax-wdt_IDTax Rate
Corporate Income Tax16.00%
Machinery & Tools Tax20.00%
Real Estate Tax30.00%
Personal Property Tax40.00%
Business Tangible Personal Property Tax50.00%
Business Intangible Personal Property Tax60.00%
Sales and Use Tax74.30%
Personal Income Tax8
-$0 – $3,00092.00%
-$3,001 – $5,00010$60 + 3% of excess over $3,000