Western Virginia

Commercial Real Estate Services since 1975.


Area Tax information:

Virginia Individual Income Tax Rates:

Less than $3,000 2% of federal adjusted gross income*

$3,000 - $5,000 $60 + 3% of excess over $3,000

$5,000 - $17,000 $120 + 5% of excess over $5,000

more than $17,000 $720 + 5.75% of excess over $17,000

with exemptions of $800 each and applicable modifications

Sales Tax:

Sales tax in Virginia is 4.5% (excluding prescription medicine) and 4% meals tax on prepared food in most localities in the area.

Property Tax:

Taxes on real estate and tangible personal property are levied and collected by local authorities. All real estate assessments are made at 1.00% of the market value. Each municipality uses a different assessment for personal property.

Roanoke City $1.23* $3.45 (540) 981-2523

Salem City $1.18* $3.20 (540) 375-3024

Roanoke County $1.13* $3.50 (540) 772-2046

Vinton $1.18* $4.50 (540) 983-0608

Botetourt County $ .75* $1.80 (540) 992-8205

*Per $1.00 of Assessed Value

Information provided by the Roanoke Regional Chamber of Commerce


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