Local Taxes    |    Financing

 

Benefits of Locating in Brunswick County:

  • One of the most favorable county and municipal tax environments in Virginia
  • Very Pro-Business
  • Enterprise Zones provide the potential for even more tax benefits.

Local Taxes:

Virginia's counties and cities are separate taxing entities. A manufacturing company pays either county or city tax, depending on its location. However, if it is located within the corporate limits of a town, it is subject to both town and county levies.

2010 Tax Year: Real Estate
Locality
Real Estate Nominal Tax Rate/$100
Assessment Ratio
Brunswick County $0.39
80.9%
Lawrenceville
$0.29
100%
Alberta
$0.28
100%
Brodnax
$0.35
100%

 

2010 Tax Year: Machinery & Tools
Locality Value Used
Tax Purposes
Nominal Tax Rate/$100
Assessment Ratio
Effective Tax Rate/$100
Brunswick County Orig. Cost
$3.40
20%
.68
Lawrenceville Orig. Cost
$1.80
20%
.36
Alberta Orig. Cost
$1.90
20%
.38
Brodnax Orig. Cost
$0.35
20%
.20

 

2010 Tax Year: Automobiles & Trucks
Locality Value Used
Tax Purposes
Nominal Tax Rate Per $100
Assessment Ratio
Effective Tax Rate/$100
Brunswick County Loan Value
$3.40
100%
$3.40
Lawrenceville Loan Value
$1.80
100%
$1.80
Alberta Loan Value
$1.90
100%
$1.90
Brodnax Loan Value
$1.90
100%
$1.00

 

2010 Tax Year: Sales & Use Tax
Locality
Sales and Use Tax
Brunswick County
1%
Virginia
4%

 

For specific Brunswick County information not found here or for updated information and special situations, please contact the Brunswick County IDA.

For tax information specific to your business, contact your tax professional or the municipality, county or State of Virginia Department of Taxation.

Additional state and locality reports and information, including a downloadable 80-page guide to Virginia county and municipal taxes, the VIRGINIA GUIDE TO LOCAL TAXES ON BUSINESS 2010-2011, can be accessed by clicking here.

Financing:

Bank of America, Benchmark Community Bank and First Citizen's Bank serve the county. Lake Country Development Corporation operates a Revolving Loan Fund for economic development. Brunswick County Industrial Development Authority can issue low-interest, tax-exempt revenue bonds for qualified businesses.