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The Commissioner of the Revenue is one of five locally elected constitutional officers whose authority is specifically conveyed in the Virginia Constitution. [1] The other four are the treasurer, sheriff, Commonwealth's attorney, and clerk. In general, the local governing body (i.e. City Council, Board of Supervisors) establishes tax policy and ...
Jurisdiction. Virginia. Headquarters. Richmond, Virginia. Employees. 430. Annual budget. $99.5m USD (2021) The Virginia Department of Taxation is the executive branch agency of the state government responsible for taxation in the state of Virginia in the United States. [1][2][3][4]
An assessor's parcel number, or APN, is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping. The assigned number is unique within the particular jurisdiction, and may conform to certain formatting standards that convey basic identifying information such ...
t. e. Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] 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 ...
In 2011, the county lost $599,690 in revenue provided by the federal government and, rather than adjust the annual budget or restore the merchants capital tax, the board approved a 16% personal property tax increase to raise an additional $666,141 of revenue for the county.
Highland County levies a 1% sales tax, a 1.5% personal property tax, a 1% machinery and tools tax, and a .37% real estate tax. [64] [94] 46% of the county's total revenue in 2010 was derived from local taxes, of which 76% was accounted for in property tax levies. The remaining 54% of the county's revenue was from state and federal sources.
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