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Real Estate and Property Tax

All rates per $100 Assessed Valuation

Locality Real Estate Personal Property Machinery & Tools
Alleghany County $0.69 Years 1+:   $0.89 Years 1+:   $0.89
Botetourt County $0.79 Year 1:       $2.43
Year 2:       $1.90
Year 3:       $1.36
Year 4:       $0.81
Years 5+:   $0.27
Years 1-5:  $0.90
Years 6+:   $0.76
City of Covington $0.71 Years 1+:   $0.56 Years 1+:   $0.83
Franklin County $0.55 Year 1:       $1.18
Year 2:       $1.06
Year 3:       $0.94
Year 4:       $0.83
Year 5:       $0.71
Year 6:       $0.59
Years 7+:   $0.47
Year 1:       $0.70
Year 2:       $0.63
Year 3:       $0.56
Year 4:       $0.49
Year 5:       $0.42
Year 6:       $0.35
Years 7+:   $0.28
Roanoke County $1.09 Year 1:        $2.10
Year 2:        $1.75
Year 3:        $1.40
Year 4:        $1.05
Years 5+:    $0.70
Years 1-5:   $0.71
Years 6-10: $0.57
Years 11+ : $0.43
City of Roanoke $1.22 Year 1:        $2.07
Year 2:        $1.73
Year 3:        $1.38
Year 4:        $1.04
Years 5+:    $0.69
Year 1:        $2.07
Year 2:        $1.73
Year 3:        $1.38
Year 4:        $1.04
Years 5+:   $0.69
City of Salem $1.18 Year 1:        $2.28
Year 2:        $1.95
Year 3:        $1.63
Year 4:        $1.30
Year 5:        $0.98
Years 6+:    $0.81
Year 1:        $2.28
Year 2:        $1.95
Year 3:        $1.63
Year 4:        $1.30
Year 5:        $0.98
Years 6+:    $0.81
Town of Vinton $1.16 Year 1:        $2.70
Year 2:        $2.25
Year 3:        $1.80
Year 4:        $1.35
Years 5+:    $0.90
Years 1-5:   $1.05
Years 6-10: $0.80
Years 11+ : $0.60

Retail Sales and Use Tax

  • Combined state and local sales tax is 5.3 percent (4.3% state + 1% local).
  • A seller is subject to a sales tax on gross receipts derived from retail sales or leases of taxable tangible personal property.

Sales Tax Exemptions:

  • Manufacturers' purchases used directly in production, including machinery, tools, spare parts, raw materials and industrial fuels
  • Items purchased for resale by distributors
  • Certified pollution control equipment and facilities
  • Custom computer software
  • Purchases used directly and exclusively in research and development
  • Utilities delivered through lines, pipes, and mains
  • Most film, video, and audio production-related purchases
  • Charges for Internet access, related communications services, and sales of software via the Internet
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