Local & State Tax Rates

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Local & State Tax Rates2018-08-29T16:23:42+00:00

2018 Local Tax Rates in Chesterfield County

Machinery & Tools Tax
wdt_ID Machinery & Tools Years Assessment Ratio Nominal Tax Rate (Per $100 of Assessed Value) Effective Tax Rate (Per $100 of Assessed Value)
1 (Based on Orginial Cost) New to 10 years 25 1.00 $0.25
2   11 to 20 years 20 1.00 $0.20
3   21+ years 15 1.00 $0.15
4   Idle or Unused Equipment 1 1.00 $0.01
Real Estate Tax
wdt_ID Real Estate Assessment Ratio Nominal Tax Rate (Per $100 of Assessed Value) Effective Tax Rate (Per $100 of Assessed Value)
1 100% $0.95 $0.95
Personal Property Tax
wdt_ID Personal Property Assessment Ratio Nominal Tax Rate (Per $100 of Assessed Value) Effective Tax Rate (Per $100 of Assessed Value)
1 (Based on on Loan Value) 100% $3.60 3.60
Business Tangible Personal Property Tax
wdt_ID Business Tangible Personal Property Years Assessment Ratio Nominal Tax Rate (Per $100 of Assessed Value) Effective Tax Rate (Per $100 of Assessed Value)
2 (Based on Original Cost) Year 1 70% $3.60 $2.52
3   Year 2 50% $3.60 $1.80
4   Year 3 40% $3.60 $1.44
5 Year 4 30% $3.60 $1.08
6 Year 5 20% $3.60 $0.72
7 Year 6+ 10% $3.60 $0.36
Business Tangible Personal Property Tax (Computer Equipment)
wdt_ID Business Tangible Personal Property (Computer Equipment) Years Assessment Ratio Nominal Tax Rate (Per $100 of Assessed Value) Effective Tax Rate (Per $100 of Assessed Value)
1 (Based on Original Cost) Year 1 50% $3.60 $1.80
2   Year 2 40% $3.60 $1.44
3   Year 3 20% $3.60 $0.72
4   Year 4 10% $3.60 $0.36
5 Year 5 5% $3.60 $0.18
6 Year 6+ 1% $3.60 $0.04
Business Intangible Personal Property Tax
wdt_ID Business Intangible Personal Property Assessment Ratio Nominal 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) Exempt Exempt Exempt
Taxes on Trucks of Two Tons and Greater
wdt_ID Trucks of Two Tons and Greater Years Assessment Ratio Nominal Tax Rate (Per $100 of Assessed Value) Effective Tax Rate (Per $100 of Assessed Value)
1 (Based on Original Cost) New 90% $3.60 $3.24
2   1 year old 70% $3.60 $2.52
3   2 years old 60% $3.60 $2.16
4   3 years old 50% $3.60 $1.80
5 4 years old 40% $3.60 $1.44
6 5 years old 30% $3.60 $1.08
7 6 years old 20% $3.60 $0.72
8 7+ years old 10% $3.60 $0.36
Taxes on Automobiles and Trucks of Less than Two Tons
wdt_ID Automobiles and Trucks of Less than Two Tons Assessment Ratio Nominal Tax Rate (Per $100 of Assessed Value) Effective Tax Rate (Per $100 of Assessed Value)
1 Based on Average Loan Value 100% $3.60 $3.60
Business License Taxes
wdt_ID Business Licenses (Based on) Assessment Ratio Nominal Tax Rate (Per $100 of Assessed Value) Effective Tax Rate (Per $100 of Assessed Value)
1 Retail Merchant Gross Receipts 100% $0.19 $0.19
2 Business and Personal Services Gross Receipts 100% $0.20 $0.20
3 Wholesale (Capped at $20,000 max) Gross Receipts 100% $0.10 $0.10
4 Professional Services Gross Receipts 100% $0.20 $0.20
5 Financial Services (Capped at $90,000 max.) Gross Receipts 100% $0.20 $0.20
6 Contractors Gross Receipts 100% $0.14 $0.14
7 Real Estate Services Gross Receipts 100% $0.20 $0.20
8 Commission Merchants Gross Receipts 100% $0.20 $0.20
9 Repair Services Gross Receipts 100% $0.20 $0.20
10 Software Development Exempt 100% $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_ID Sales and Use Taxes Nominal Tax Rate (Per $100 of Assessed Value) Effective Tax Rate (Per $100 of Assessed Value)
1 Local Sales Tax 1.00% 1.00%
Taxes on Monthly Utility Bill
wdt_ID Monthly Utility Bill Rates
1 (Commercial rates)
2 Electric: 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.
3 Electric: 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.
4 Gas $2.00 plus the rate of $0.010010 on the first 50,000 CCF and $0.00005 on the remaining balance delivered monthly.
5 Communications Sales Tax 5% 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.


2018 Tax Rates in the Commonwealth of Virginia

State Tax - wdt_ID Tax Rate
Corporate Income Tax 1 6.00%
Machinery & Tools Tax 2 0.00%
Real Estate Tax 3 0.00%
Personal Property Tax 4 0.00%
Business Tangible Personal Property Tax 5 0.00%
Business Intangible Personal Property Tax 6 0.00%
Sales and Use Tax 7 4.30%
Personal Income Tax 8
- $0 – $3,000 9 2.00%
- $3,001 – $5,000 10 $60 + 3% of excess over $3,000