State & Local Business Taxes
Virginia and Montgomery County have competitive, stable tax structures.
Virginia Taxes
Nationally recognized for its conservative fiscal practices, Virginia has one of the fairest and most stable tax structures of the 50 states. Both businesses and individuals carry their share of the tax load. The General Assembly has kept taxes on industry competitive and has eliminated many tax irritants. The state corporate income tax rate, one of the lowest in the nation, has not increased since 1972. Virginia also offers a very modest local tax bill for industry. Items taxed at the state level are not taxed at the local level, with the exception of sales and use tax; and Virginia taxes new and existing industries equally.
Local Taxes
Montgomery County, Virginia contains two incorporated towns, Blacksburg and Christiansburg. These towns are political subdivision of Montgomery County and provide public services in lieu of, or in addition to, those provided by the County. Businesses operating within these incorporated areas may be subject to certain county and/or town taxes. Consequently, local tax rates vary from one area to another in Montgomery County.
To view local business taxes in Montgomery County, click on area below.