Virginia has a corporate income tax rate of 6%, which it has not raised in 40 years. The personal income tax system consists of four brackets, with a top rate of 5.75%. Its 5.3% sales tax is lower than the national average by .65%.
Washington County, Virginia's Tax Advantage
Washington County is one of only a handful of Virginia counties that do not levy a Business License Tax (BPOL) or a Merchant’s Capital Tax.
Business License Tax is a local option tax on the privilege of doing business within a locality. It is based on “gross receipts” for retailers, mail order, wholesalers, financial services and business services.
Merchant’s Capital Tax is a tax on merchandise for sale, including inventory of stock on hand, certain daily rental passenger cars and certain daily rental property.