Tax Rates, Important Dates & Deadlines
If the due date falls on a​ Saturd​ay, Sunday, or City Holiday the due date becomes the next business day.

​​​​​​​​​​​​​​​​

 Business License

​​​​​Important Dates and Deadlines
​Annual Business License Term J​anuary 1 - December 31
​Business License Annual Renewal Period ​January 1 - March 1

Business Type

Rate
​​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 is determined
by activity and quantity)		 ​$50 - $500

​Businesses with gross receipts exceeding $100,000 pay the following:​ ​

​

BUSINESS TYPE

​RATE

​Contracting​.0016 X gross receipts
​Professional​.0058 X gross receipts
​Retail​.0020 X gross receipts
​Service​.0036 X gross receipts
​Wholesale​.0012 X gross receipts

 Business Property

​​​​​Important Due Dates and Deadlines
​​Business Property Returns Deadline​ ​March 1
​​Business Property Assessed on Calendar Year ​Billed in May
​Business Property Tax Due ​June 5

​PROPERTY TYPE

​RATE

​Business (Tangible Personal Property)

​$4.00 per $100
​Manufacturing Machinery & Tools

One millionth of one cent ($0.000001) per $100

 DMV Select

​All DMV fees, rates and deadlines are set by the Virginia Department of Motor Vehicles. Please see the DMV's website for more information.

Virginia Department of Motor Vehicles Fees ​ 

 Personal Property

Important Dates and Deadlines
​Elderly/Disabled Tax Reduction Applications Due June 30
Personal Property T​ax Due Vehicles already registered with the Virginia Department of Motor Vehicles (DMV) or vehicles purchased between January 1 and March 31 usually receive tax bills in May with a due date of June 5.

New or used vehicles purchased after March 31 or vehicles new to the area registered with DMV after March 31 usually receive a prorated tax assessment in a supplemental billing between August and the end of the year.

​ Vehicle Type

​RateS
Cars, Light Trucks, Trailers, Business Vehicles,
Motorcycles & Aircraft		 $4.00 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 $1.0175 per $100 ​

 Real Estate Assessments & Taxes

Real Estate Taxes are assessed by the City Real Estate Assessor's office. Please visit the Real Estate Assessor's website for more information on assessments or questions regarding changes to assessments.

​Virginia Beach Real Estate Assessor Tax Rates​ ​ ​

Real Estate Taxes are paid to and collected by the City Treasurer's office. Please visit the City Treasurer's website​ for more information about paying real estate taxes and billing address changes for real estate.

 State Income Tax

Important Dates and Deadlines​
​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

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 = $892.50, which should be rounded to $893​

 Trustee Tax​
​

Important Dates and Deadlines
​Admissions, Lodging & Restaurant/Meals Returns Due ​20th day of each month
​Short-Term Rental Returns Due for Business Property ​April 15, July 15, October 15, January 15
​Heavy Short-Term Rental Returns Due for Business Property ​April 15, July 15, October 15, January 15

Type

Rate
Admissions​ ​10%
​​​Cigarettes - 20 pack* ​$0.75
​Cigarettes - 20 pack*​ ​$0.93
​​Lodging - Flat rate ​$2.00 per night
​​Lodging - 90 consecutive days of less** ​8%, 9% effective May 1, 2021
​Lodging -Sandbridge Special Service District** ​9.5%, 10.5% effective May 1, 2021
​Meals or Restaurant** ​5.5%
​Participatory Sports ​5%
Short-Term Rental** ​1% of gross receipts
​Short-Term Rental, Heavy Equipment**​ ​1.5% §​ 28.73-82

​* Also subject to State and Federal taxes
** Also subject to Virginia Retail Sales and Use Tax​ ​​​​​

 Utility Tax
​​ ​

Utility

Rate
​​Residential Water Service ​​20% up to a billing charge ceiling of $15.00 per month.
​​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. Shall not exceed $3.00 per month.
​Utility/Gas/Consumption Tax Commercial/Residential ​$0.004 per CCF (not to exceed 500 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 billing for water utility service.
​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
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