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 | $0.64 | 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.
2015 10% 2016 25% 2017 40% 2018 45% 2019 50% 2020 55%