Tax Information
| Isle of Wight | Smithfield | Windsor | |
|---|---|---|---|
| Real Estate | $0.73/$100 | $0.14/$100 | $0.15/$100 |
| Machinery & Tools | $1.95/$100 | $0.15/$100 | $0.25/$100 |
| Business Personal Property | $4.50/$100 | $0.87/$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: 6% in Isle of Wight County (effective July 1, 2024); 6% in the Town of Windsor and 6.25% in the Town of Smithfield.
- Utility Consumer Tax (Electric): 20% of the minimum monthly charge imposed by the service provider plus the rate of $0.14776 on each kWh/month, not to exceed $200 (commercial/industrial consumers)
- Utility Consumer Tax (Gas): 20% of the minimum monthly charge imposed by the service provider plus the rate of $0.15716 on each CCF/month, not to exceed $200.
Key tax collection dates:
- March 1: Isle of Wight County business license taxes due
- April 15: Town of Smithfield and Town of Windsor 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
For further information please visit the Isle of Wight County Commissioner of the Revenue website.