Tax Information

Isle of Wight Smithfield Windsor
Real Estate $0.85/$100 $0.16/$100 $0.10/$100
Machinery & Tools $1.75/$100 $0.15/$100 $0.10/$100
Business Personal Property $4.50/$100 $1.00/$100 $0.50/$100
Virginia Isle of Wight
Sales & Use Tax
5% 1%

Additional Tax Information:

  • Business Tangible Personal Property is assessed annually at 40% of original cost.
  • Machinery and Tools is assessed annually at 40% of original installed cost.
  • Lodging Tax is 5%.
  • Meals Tax: 4% in Isle of Wight County; 5% in the Town of Windsor and 6.25% in the Town of Smithfield.
  • Utility Consumer Tax (Electric & Gas): 20% of the minimum monthly charge, not to exceed $200 (commercial/industrial consumers)

Key tax collection dates:

  • March 1: County business license tax due
  • May 1: deadline for filing business personal property and/or machinery and tools report to County
  • December 5 & June 5: first and second half of real estate tax due
  • June 5 & December 5: first and second half of personal property tax due

Virginia Guide to Local Taxes on Business

For further information please visit the Isle of Wight County Commissioner of the Revenue website.