BUSINESS LICENSE |
| Annual Business License Term |
January 1 - December 31 |
| Business License Annual Renewal Period |
January 1 - March 1 |
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| ANY business (except Peddlers and other flat rate licenses) with gross receipts of $0 up to $25,000 |
$40 for gross receipts not exceeding $25,000 |
| ANY business (except Peddlers and other flat rate licenses) with gross receipts of $25,001 up to $100,000 |
$50 for gross receipts not exceeding $100,000 |
| Peddlers and other flat rate licenses (Amount determined by activity and quantity) |
$50 - $500 |
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| Businesses with gross receipts exceeding $100,000 pay the following rates: |
| Contracting |
.0016 x gross receipts |
| Professional |
.0058 x gross receipts |
| Retail |
.0020 x gross receipts |
| Service |
.0036 x gross receipts |
| Wholesale |
.0012 x gross purchases |
BUSINESS PROPERTY |
| Business Property Returns Due |
March 1 |
| Business Property Assessed on Calendar Year |
Billed in May |
| Business Property Tax Due |
June 5 |
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| Business Tangible Personal Property |
$3.70 per $100 |
| Manufacturing Machinery and Tools |
One millionth of one cent ($0.000001) per $100 |
DMV SELECT |
| Virginia Department of Motor Vehicles Fees |
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PERSONAL PROPERTY |
| Elderly/Disabled Tax Reduction Applications Due |
April 1 |
| Personal Property Tax Due |
Vehicles registered with the Virginia Department of Motor Vehicles (DMV) between January 1 and March 31 usually receive tax bills in May with a due date of June 5. Vehicles registered with DMV after March 31 usually receive a prorated tax assessment in a supplemental billing between August and the end of the year. |
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| Cars, Light Trucks, Trailers, Business Vehicles, & Motorcycles |
$3.70 per $100 |
Boats
("privately owned pleasure boats and watercraft used for recreational purposes only") |
One millionth of one cent ($0.000001) per $100 |
| All other boats |
$1.50 per $100 |
| Recreational vehicles (privately owned travel, camper trailers & horse trailers) |
$1.50 per $100 |
| Qualified Vehicles for Elderly or Disabled |
$3.00 per $100 |
| Qualified Vehicles for Disabled Veterans |
$1.50 per $100 |
| For-hire Property Motor Carriers |
One millionth of one cent ($0.000001) per $100 |
| Mobile Homes |
$0.89 per $100 |
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REAL ESTATE |
| Virginia Beach Real Estate Assessor Tax Rates |
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STATE INCOME TAX |
| Annual State Income Tax Returns Due |
May 1 |
| 760IP, Individual payment for automatic extension of estimated tax due. (Does NOT extend the amount of time to pay your tax due) |
May 1 |
| Estimated state income payments due |
May 1, June 15, September 15, January 15 |
| All tax due extended filings must be submitted |
November 1 |
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|
Taxable Income |
Tax Calculation |
$0 - $3,000 |
2% |
$3,001 - $5,000 |
$60 + 3% of excess over $3,000 |
$5,001 - $17,000 |
$120 + 5% of excess over $5,000 |
$17,001 and up |
$720 + 5.75% of excess of $17,000 |
Tax computation example if income is $20,000:
$20,000 - $17,000 x 5.75% + $720 = $892
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TRUSTEE TAX |
| Admissions, Lodging, and Restaurant or Meals Returns are due |
20th day of each month |
| Short Term Rental Returns Due |
April 15, July 15, October 15, January 15 |
| Heavy Short Term Rental Returns Due |
April 15, July 15, October 15, January 15 |
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| Admissions |
10% |
| Admissions - Participatory Sports |
5% |
| Cigarettes - 20 pack* |
$0.65 |
| Cigarettes - 25 pack* |
$0.81 |
| Lodging - Flat rate |
$1.00 per night |
| Lodging - 90 consecutive days or less** |
8% |
| Lodging - Sandbridge Special Service District** |
10.5% |
| Meals or Restaurant** |
5.5% |
| Short Term Rental** |
1% of gross receipts |
| Short Term Rental - Heavy Equipment** |
1.5% |
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UTILITY TAX - Electrical, Gas, and Water |
| Residential Water Service |
20% up to a billing charge ceiling of $15.00 per month, maximum tax of $3.00 per single meter |
| Residential Electric Service |
A minimum monthly tax of $1.40, plus a tax at the rate of $0.014771 per kWh delivered monthly, with the total tax not to exceed $3.00 |
| Utility/Electric/Consumption Tax Commercial/Residential |
$0.00038 per kWh on the first 2,500 kWhs and $0.000240 per kWh on usage range between 2,501 and 50,000 kWhs and $0.00018 per kWh on over 50,000 kWhs |
| Residential Gas Service |
A minimum monthly tax of $1.98, plus a tax at the rate of $0.162451 per CCF |
| Utility/Gas/Consumption Tax Commercial/Residential |
$0.004 per CCF (not to exceed 600 CCFs monthly) |
| All Commercial Water |
15% of the first $625 of the monthly charge and 5% on the amount between $625 and $2,000 of the monthly charge for any single meter |
| All Commercial and Industrial Gas Service |
A minimum monthly tax of $1.94, plus a tax at the rate of $0.097668 per CCF on the first 961 CCFs delivered monthly, and at the rate of $0.031362 per CCF on all remaining kWh delivered monthly; the total monthly tax shall not exceed $162.50 |
| All Commercial Electric Utility |
A minimum monthly tax of $1.72, plus a tax at the rate of $0.010057 per kWh on the first 9,151 kWh delivered monthly, and at the rate of $0.002831 per kWh on all remaining kWs delivered monthly; the total monthly tax shall not exceed $162.50 |
| All Industrial Electric Utility |
A minimum monthly tax of $1.72, plus a tax at the rate of $0.009253 per kWh on the first 9,946 kWh delivered monthly, and at the rate of $0.001190 per kWh on all remaining kWs delivered monthly; the total monthly tax shall not exceed $162.50 |