City of Hampton Economic Development, Statistics

Tax Rates

City of Hampton Local Tax Rates

Municipality	Real Estate	Business Personal Property
	nominal tax rate per $100 of assessed value	nominal tax rate per $100 of assessed value
Hampton	$1.04	$4.25 (on 35% of original cost)

Municipality	Machinery & Tools (manufacturers only)		Utilities
	nominal tax rate per $100 of assessed value	assessed value	commercial rates per month
Hampton	$3.50	35% of original cost	Electric: 20% on first $200/5% of next $800 Natural Gas: 20% on first $100/5% of next $900 Telephone: 20% on first $300 Water: None Sewer Use Fee: $1.48/100 cu ft

Note: Corporate Income Tax Rate is 6%. Manufacturers pay real estate, machinery & tools, motor vehicle, utility and sales taxes. Nonmanufacturers pay real estate, tangible personal property, motor vehicle, utility and sales taxes. They may also pay a business license fee. There is no inventory tax in Virginia.

Business Taxes - Tax Rates

Businesses pay an annual tax or fee. In general, the tax applies if total gross receipts are greater than $100,000. If less, a $30 license fee may be applicable. Contact the Commissioner of the Revenue to assist you in determining the appropriate classification for your business. (Not all license categories are listed. Certain categories are not subject to the threshold).

Business License

Business Property

License	Cost
Business Personal Property	$4.25 per $100 assessment
Machine and Tool	$3.50 per $100 assessment

Excise Taxes

If you have any questions regarding this information, please send an e-mail to abrown@hampton.gov or call the office of the Commissioner of the Revenue at (757)727-6700.

Hampton Economic Development
One Franklin Street, Suite 600
Hampton, VA 23669
Tel (800) 555-3930
(757)727-6237
Fax (757)727-6895