Portsmouth Virginia, Department of Economic Development

City Fare

Portsmouth's tax structure favors new and expanding businesses. Both state and local tax rates are modest, with credits and other incentives available to many companies.

Description	2007-2008
Admissions and Amusement Tax	10%
Cable Franchise Fee	5%
Cigarette Tax	$.50 per pack
Commercial Landfill Tipping Fee	$48.50 per ton
E-911 Tax	$3.00 per month
Guest Lodging Tax	8%
Machinery and Tool Tax	$3.00 per $100 of original cost at 50% value
Motor Vehicle License Fees
Motorcycle	$24.00
Automobile (vehicles up to 4,000 pounds)	$25.00
Automobile (vehicles over 4,000 pounds)	$30.00
Personal Property Tax	$5.00 per $100 of assessed value
Personal Property Tax - Boats	$0.01 per $100 of assessed value
Real Estate Tax (effective July 1, 2007)	$1.26 per $100 of assessed value
Residential Sewer Charges	$2.65 per 1,000 gallons
Residential Solid Waste Fee	$22 per month
Residential Water Charges	$3.38 per 1,000 gallons
Restaurant Food Tax	6.5%
Stormwater Fees
Commercial	$5.00 per equivalent residential unit Note: 1 ERU-1,877 sq. ft. of impervious area
Residential	$5.00 per equivalent residential unit
Commercial Utility Taxes
Cable	7%
Electricity	20% of first $2,000
Gas	20% of first $2,000
Telephone	20% of first $2,000
Residential Utility Taxes
Electricity	$3.40
Gas	$3.00
Phone	20% of first $2,000

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