Current Tax Rates
| Tax Rate Description | Amount |
|---|---|
| Real Estate Tax Rate | $0.45 per $100 of assessed value of Real Estate (including minerals), Public Service Utilities Real Estate, and Manufactured Homes; |
| Personal Property Tax Rate | $4.10 on all Personal Property and Public Service Personal Property, with the exception of a levy of $3.80 for Motor Homes and Campers and Other Non-Motorized Pull Behind Recreational Trailers; $3.20 on vehicles that are for hire and receive an apportioned tax; |
| Machinery and Tools Tax Rate | $3.20 per $100 of assessed value. Effective rate is $.80 |
| Meals Tax | Four percent (4%) of total cost of prepared food. |
| Transient Occupancy Tax | Two percent (2%) of total amount paid for lodging per room, per night in hotel, excluding any other taxes levied thereon |
Business, Professional and Occupational (BPOL) Tax as follows:
Contractors $0.15 per $100 of gross receipts;
Retail Sales $0.19 per $100 of gross receipts;
Personal Service & Repair $0.38 per $100 of gross receipts;
Professional Service $0.48 per $100 of gross receipts; and
Wholesale $0.05 per $100 of gross purchases.
Comparison Between Neighboring Localities
| Locality | Real Estate | Personal Property | Vehicle for Hire | Machinery and Tools | Transient Occupancy | Merchants Capital | B.P.0.L
Contractor, Retail, Personal, Service, Professional, Wholesale |
|---|---|---|---|---|---|---|---|
| Campbell | $.45 | $4.11 * Note: Campbell’s effective rate is $2.06 as only 50% of the value is taxed | $3.20 | $3.20 | 2% | n/a | $.15, .19, .38, .43,
.05 |
| Amherst | $.61 | $3.45 | $3.45 | $2.00 | 5% | $3.95 | $.13, .20, .31, .50,
.05 |
| Appomattox | $.63 | $3.00 | $3.00 | $3.35 | 2% | $1.00 | n/a |
| Bedford | $.50 | $2.35 | $2.35 | $1.20 | 7% | n/a | n/a |
| Charlotte | $.62 | $3.25 | $3.25 | $3.00 | n/a | $3.20 | n/a |
| Halifax | $.50 | $3.85 | $3.85 | $.26 | 6.3% | n/a | n/a |
| Lynchburg |
$1.11 | $3.80 | $3.80 | $3.00 | 6.5% +
$1/night |
n/a | $.16, .20, .36, .58,
.28+$20 |