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Tax Rates per $100 Assessed Value: 2000
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Real Estate |
Tangible Personal Property |
Machinery and Tools |
Merchants' Capital |
| Buchanan |
$.59 |
$1.95 |
$1.95 |
$2.00 |
| Dickenson |
$.60 |
$1.59 |
$1.59 |
$10.50 |
| Russell |
$.64 |
$1.45 |
$1.45 |
$.65 |
| Tazewell |
$.56 |
$2.00 |
$2.00 |
$4.30 |
| Source: Virginia Department of Taxation. Weldon Cooper Center for Public Service, University of Virginia. Local Tax Rates Tax Year 2000 |
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The 1995 individual income tax rate is 2% on the first $3,000 of Virginia taxable income, 3% on the next $2,000, 5% on the next $12,000, and 5 3/4% percent on amounts over $17,000. Virginia allows nearly the same itemized deductions as the federal government.
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