MEMORANDUM - Virginia Tax
Town Property Tax Survey Instructions
The information you provide will be published in the Virginia Department of Taxation’s Local Tax Rates Report. The Department also uses the data to analyze policy options during the legislative process.
Please use the town survey provided to fill in the proper information pertaining to the town’s real estate, tangible personal property, machinery and tools, and merchants’ capital taxes. For each of the categories defined below, provide the assessed value, tax rate, and tax collected excluding penalties and interest. Do not include Public Service Corporation assessments or levies. If the assessed value multiplied by the appropriate tax rate does not equal levies, please explain on the comments line.
A. Real Estate
Include all minerals, land, and structures for the town. Provide the total assessed value of real estate, the town tax rate per $100 assessment, and total tax collected by the town.
B. Tangible Personal Property
Include all motor vehicles subject to tax, whether registered for business or personal use. Also include taxable business property, mobile homes, airplanes, boats and other watercraft, farm machinery and livestock, and household goods and personal effects. Provide the total assessed value of tangible personal property, the tax rate per $100 assessment, and total tax collected by the town. If there are several tax rates for the categories of property included, please state the general tangible personal property rate.
C. Machinery and Tools
Include taxable machinery and equipment used by farm wineries, or in manufacturing, mining, water well drilling, processing or reprocessing, radio or television broadcasting, dairy, dry cleaning, or laundry businesses in the town. Provide the total assessed value of machinery and tools, the tax rate per $100 assessment, and total tax collected by the town.
D. Merchants’ Capital
Include inventory of stock on hand, daily rental vehicles, other daily rental property, and all tangible personal property offered for sale in the town. Provide the total assessed value of merchants’ capital, the tax rate per $100 assessment, and total tax collected by the town.
Certification
Please complete the certification section. Include the name, title, phone number, mailing address, and email address of the person we should contact in case we have any questions.
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