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Virginia authorized the creation of special tax districts in 1987. Fairfax and Loudoun counties quickly formed the first transportation improvement district in the Commonwealth to finance improvements to Virginia State Route 28 .
Loudoun County, Virginia – Racial and ethnic composition Note: the US Census treats Hispanic/Latino as an ethnic category. This table excludes Latinos from the racial categories and assigns them to a separate category. Hispanics/Latinos may be of any race. Race / Ethnicity (NH = Non-Hispanic) Pop 1980 [52] Pop 1990 [53] Pop 2000 [54] Pop 2010 ...
Property taxes are levied by either state government or local civic bodies. Property tax or 'house tax' is a local tax on buildings, along with appurtenant land. It is imposed on the Possessor (not the custodian of property as per 1978, 44th amendment of the constitution). It resembles the US-type wealth tax and differs from the excise-type UK ...
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This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
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.
In 1987, Virginia authorized the creation of special tax districts. Fairfax and Loudoun Counties quickly formed the first transportation improvement district in the Commonwealth, by imposing a 20 cent per $100 real estate surcharge on commercial and industrial property located near Route 28. The surcharge financed bonds to pay for improvements ...
Article X establishes the basic structure for taxation of personal property in Virginia. Pursuant to this Article, all non-exempt real and personal property is subject to taxation at its fair market value. Section 6 sets out a lengthy list of exempt property, which includes church property, cemeteries, and non-profit school property.