Area
Tax information:
- Virginia
Individual Income Tax Rates:
- Less
than $3,000 2% of federal adjusted gross income*
- $3,000
- $5,000 $60 + 3% of excess over $3,000
- $5,000
- $17,000 $120 + 5% of excess over $5,000
- more
than $17,000 $720 + 5.75% of excess over $17,000
- with
exemptions of $800 each and applicable modifications
-
- Sales
Tax:
- Sales
tax in Virginia is 4.5% (excluding prescription medicine)
and 4% meals tax on prepared food in most localities
in the area.
-
- Property
Tax:
- Taxes
on real estate and tangible personal property are levied
and collected by local authorities. All real estate
assessments are made at 1.00% of the market value. Each
municipality uses a different assessment for personal
property.
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- Roanoke
City $1.23* $3.45 (540) 981-2523
- Salem
City $1.18* $3.20 (540) 375-3024
- Roanoke
County $1.13* $3.50 (540) 772-2046
- Vinton
$1.18* $4.50 (540) 983-0608
- Botetourt
County $ .75* $1.80 (540) 992-8205
- *Per
$1.00 of Assessed Value
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Information
provided by the Roanoke Regional Chamber of Commerce |
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