Taxes

Goochland County real estate tax rate has remained at $0.53/$100 of assessed value since 2008. Other business-related taxes, such as machinery and tools, have also remained stable over the past 10 years. Information provided below is for the fiscal year of 2020-2021.

Local Taxes

  1. Real Estate
  2. Personal Property
  3. Business Property
Tax Amount Per $100 of Assessed Value
Real Estate Tax $0.53
Tuckahoe Creek Service District $0.32 (ad valorem tax)
  1. Machinery & Tools
  2. Vehicle License Fees
  3. Business License Tax
  4. Utilities
Machinery & Tools Tax Effective Rate Per $100 Assessed Value
Assessment Year 1-5 $0.75
Assessment Year 6-10 $0.56
Assessment Year 11+ $0.37

State Taxes

Tax Amount Per $100 Assessed Value
Corporate Income Tax 6.0 %
Individual Income Tax -
Income: Over $0 but not over $3,000 2 %
Income: Over $3,000 but not over $5,000 $60 + 3% of excess over $3,000
Income: Over $5,000 but not over $17,000 $120 + 5% of excess over $5,000
Income: Over $17,000 $720 + 5.75% of excess over $17,000
Sales and Use Tax 5% (4% state + 1% local)

For more information, please visit the Virginia Department of Taxation website