Taxes

In Virginia, counties and cities are separate taxing entities.

Therefore, a manufacturing company pays taxes to either a county or a city.  Manufactures pay real estate, machinery and tools, truck and automobile, utility and sales taxes.  Non-manufacturers pay real estate, tangible personal property, truck and automobile, utility and sales taxes.  They also may pay either a merchant’s capital or a license tax.  If a company is located in a town, it pays town and county taxes.

Value Used for
Tax Purposes
Nominal Tax Rate/$100 Assessment Ratio
Real Estate
Shenandoah Co. Assessed Value $0.60 100% FMV
Edinburg Assessed Value $0.19 100% FMV
Mt. Jackson Assessed Value $0.14 100% FMV
New Market Assessed Value $.012 100% FMV
Strasburg Assessed Value $0.16 100% FMV
Toms Brook Assessed Value $0.10 100% FMV
Woodstock Assessed Value $0.15 100% FMV
Machinery & Tools
Shenandoah Co. Depreciated Value $3.15 100% FMV
Edinburg Depreciated Value $0.85 100% FMV
Mt. Jackson Depreciated Value $0.80 100% FMV
New Market Depreciated Value $0.80 100% FMV
Strasburg Depreciated Value $0.86 100% FMV
Toms Brook Depreciated Value $0.50 100% FMV
Woodstock Depreciated Value $0.90 100% FMV
Automobiles & Trucks
Shenandoah Co. Trade-in-Value $3.60 100% FMV
Edinburg Trade-in-Value $0.90 100% FMV
Mt. Jackson Trade-in-Value $0.80 100% FMV
New Market Trade-in-Value $0.80 100% FMV
Strasburg Trade-in-Value $1.11 100% FMV
Toms Brook Trade-in-Value $0.50 100% FMV
Woodstock Trade-in-Value $0.90 100% FMV

For the purposes of calculating depreciation of machinery and tools, Shenandoah County uses the following schedule.

2011          10%
2012          25%
2013          40%
2014          45%
2015          50%
2016          55%