State and local taxes are low in Westmoreland County, Virginia. The state has not raised its 6% corporate tax rate since 1972. Westmoreland's real estate tax rate is one of the lowest in the state. And in Virginia, what is taxed at the state level is not taxed again at the local level.
All businesses in Westmoreland County pay taxes on real estate, cars and light trucks. Manufacturers are responsible for machinery and tool taxes and merchants pay tax on their inventory.
Virginia's sales tax is 5% of gross retail sales and leases of personal property. Virginia offers some of the broadest sales tax exemptions in the county. Manufacturers do not pay sales tax on items purchased for use in production, research and development. Items purchased for resale are also exempt from sales tax.
Businesses located in Montross and Colonial Beach pay both town and county taxes.