Tax Rates
Essex County & Tappahannock Tax Rates
Local Taxes 2023 Tax Year
| Town of Tappahannock | Essex County | |
|---|---|---|
| REAL ESTATE & MOBILE HOMES | ||
| Nominal Tax Rate / $100 | $0.09 | $0.73 |
| Assessment Ratio | 100% | 100% |
| AUTOMOBILES, LIGHT TRUCKS, MOTORCYCLES | ||
| Value Used for Tax Purposes | NADA Clean Trade | NADA Clean Trade |
| Nominal Tax Rate / $100 | $1.25 | $3.75 |
| Assessment Ratio | 100% | 100% |
| Personal Property Tax Relief (qualified vehicles only) |
50% | 33% |
| LARGE TRUCKS & TRAILERS | ||
| Value Used for Tax Purposes | Retail Assessed | Retail Assessed |
| Nominal Tax Rate / $100 | $1.25 | $4.00 |
| Assessment Ratio | 75% | 75% |
| Effective Tax Rate / $100 | $0.9375 | $3.00 |
| AIRCRAFT, RT'S & RV'S | ||
| Value Used for Tax Purposes | Retail Assessed | Retail Assessed |
| Nominal Tax Rate / $100 | $1.25 | $4.00 |
| Assessment Ratio | 50% | 50% |
|
Effective Tax Rate / $100
|
$0.625 | $2.00 |
BUSINESS PROPERTY/MACHINERY & TOOLS |
||
| Value Used for Tax Purposes | Original Cost | Original Cost |
| Nominal Tax Rate / $100 | $0.40 | $1.20 |
| Assessment Ratio | 50% | 50% |
| Effective Tax Rate / $100 | $0.20 | $0.60 |
| MERCHANTS' CAPITAL | ||
| Value Used for Tax Purposes | Wholesale Value | Wholesale Value |
| Nominal Tax Rate / $100 | N/A | $3.75 |
| Assessment Ratio | N/A | 5% |
| Effective Tax Rate / $100 | N/A | $0.1875 |
| VEHICLE LICENSE TAX | $40/$25 | $40/$25 |
| SALES & USE TAX RATE | Virginia 4.3% | Essex County 1.0% |
In Virginia, counties and cities/towns are separate taxing entities. A manufacturing company pays either county or city/town tax, depending upon its location. However, if it is located within the corporate limits of a town, it is subject to both town and county levies.
