State Taxes

Tax Amount Per $100 Assessed Value
Corporate Income Tax 6%
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.