Return to the Homepage  |  Contact us  |  Site Map  |  Search  

  
About Botetourt
Announcements

COPYRIGHT NOTICE. Copyright 2004 County of Botetourt, Virginia and/or its suppliers, 1 West Main Street, Fincastle, VA 24090 U.S.A. All rights reserved.
See our Legal Page
Site designed by New City Media.
Taxes, Licenses and Fees

Current Local Nominal Tax Rates

Real Estate

$0.65/$100
100% of Fair Market

Personal Property

$2.55/$100
100% of NADA

Manufacturing Machinery

$1.80/$100 at 50% of original capitalized cost for first 5 years;
42% thereafter

Public Utilities $0.65/$100 assessed value
Mobile Homes $0.65/$100 assessed value

Current State Tax Rates

Corporate Income

6% of the corporation's Virginia taxable income

Individual Income

2%        -$3,000
3%         3,001 - 5,000
5%         5,001 - 17,000
5.75%   17,001 and over

Retail Sales

5% on all goods