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Commissioners also assist taxpayers in completing state tax returns and filing forms. The Virginia General Assembly grants the Commissioner of the Revenue the power to summons taxpayers, to issue statutory assessments, to audit taxpayer returns, and, if necessary, to file civil and criminal proceedings against taxpayers for failure to file ...
Washington County is a county located in the Commonwealth of Virginia. As of the 2020 United States census , the population was 53,935. [ 1 ] Its county seat is Abingdon . [ 2 ]
Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due.
Virginia has 95 counties, covering all of the territory not within the independent cities. Under Virginia law, counties may be chartered, although most are not. [2] Their populations vary widely; in 2022 estimated populations ranged from 2,301 for Highland County to 1,138,331 for Fairfax County. [3]
The tax rate on food is 1.5%. There is an additional 1% local tax, for a total of a 5% combined sales tax on most Virginia purchases and a combined tax rate of 2.5% on food. [40] Virginia's property tax is set and collected at the local government level and varies throughout the commonwealth.
Personal property tax applies to personal property used when conducting business or to other personal property not exempt by law. All property taxes are paid to the county treasurer's office where the property is located. Washington does not impose a tax on assets such as bank accounts, stocks or bonds. Neither does the state assess any tax on ...
Taxes on real estate ($13.3 million) and personal property ($1.4 million) comprised 55% of county revenues in 2020–2021. The absence of a commercial tax base has resulted in high taxes for homeowners.
This page was last edited on 21 September 2013, at 05:58 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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