Operating Costs

One of the lowest tax structures in Virginia for manufacturers & distribution companies

KP-Cl-LineLouisa County maintains one of the lowest tax structures in the state for manufacturers & distribution companies and most industrial businesses. In fact, Louisa County has one of the lowest Machinery & Tools Tax in the State.


Tax Structure


Real Estate

Nominal tax rate per $100 of assessed valuation$0.72
Assessment ratio (percent of fair market value taxable)100.00%
District levies may be imposed in addition to basic county or city levy.


Machinery and Tools

Nominal tax rate per $100 of assessed valuation$1.90
Assessment ratio by year (value used for tax purposes original cost)
1+10%
District levies may be imposed in addition to basic county or city levy.

Personal Property Tax

Individual$2.43/$100 of assessed value
Business$1.90/$100 of assessed value


District levies may be imposed in addition to basic county or city levy. For large trucks, the nominal tax rate is the same; however, the method of assessment and/or the assessment ratio may be different.



Automobiles and Trucks (less than 2 tons)

Nominal tax rate per $100 of assessed valuation$1.90
Value used for tax purposesAverage Trade-In
Assessment ratio100.00%
District levies may be imposed in addition to basic county or city levy. For large trucks, the nominal tax rate is the same; however, the method of assessment and/or the assessment ratio may be different.


Utility Purchases

Electric$1.72 + $0.014558/kWh ($2.25 max)
Gas$100.00 + $0.082/CCF on first 10,000 CCF, $0.075/CCF on next 40,000 CCF, $0.07/CCF next 150,000 CCF, $0.069/CCF on excess ($180 max)
Note: Tax rate is for monthly bills. Portions of electric bills are exempt in some localities.


Tangible Personal Property (Business Furniture and Fixtures)

Nominal tax rate per $100 of assessed valuation$1.90
Assessment ratio by year (value used for tax purposes original cost)
190%
280%
370%
460%
550%
640%
730%
8+25%
(minimum is 10%)
District levies may be imposed in addition to basic county or city levy.


Merchant's Capital

Nominal tax rate per $100 of assessed valuation$0.65
Value used for tax purposesOriginal Cost
Assessment ratio (in years)100.00%